Box office hits record Rs 1,500 cr in March; April likely to be as good

Based on the trends in March and April, Gianchandani said the industry expected FY23 to be the best year for it 'ever' with overall revenues expected to hit Rs 14,500-Rs 15,500 crore

After being battered by the pandemic, it has been a record month for multiplex theatre operators. The Multiplex Association of India (MAI), the apex body for the industry, revealed that it has made Rs 1,500 crore in box office revenues in March, its best performance in a month ever (the best earlier was Rs 1,200 crore).

The final numbers for April are still being collated but they are expected to remain at the same level as March owing to pent-up demand. The industry believes it is now poised to hit box office revenues of Rs 15,500 crore in FY23, beating its