Bollywood’s Box Office Collection Drops To Below ₹5,000 Crore

Last updated on July 25th, 2023 at 11:14 am

The Indian box office collections for film releases across languages between January and June 2023 have witnessed a significant decline, falling below ₹5,000 crore.

According to a report by media consulting firm Ormax, the gross collections for the first six months of 2023 amounted to ₹4,868 crore, down 15% compared to the previous year.

Here are the top collection of the films in 2023 – Pathaan (₹646 crore), Adipurush (₹333 crore), The Kerala Story (₹263 crore), Varisu (₹212 crore) and Ponniyin Selvan: II (₹206 crore).

The top-grossing film during this period was Shah Rukh Khan’s “Pathaan,” which contributed over 13% of the overall collections.

The share of Hindi language films increased to 37%, up from 33% in 2022, while the share of Kannada language films dropped from 8% to just 2%.

In 2022, the success of films like “K.G.F: Chapter 2” and “RRR” resulted in the combined language share of the four south Indian languages reaching 50%, with Hindi films accounting for only 33% (including dubbed versions of the south Indian films).

However, in 2023, the share of Hindi language films increased to 37%, and the share of south Indian languages dropped to 44%, primarily due to a sharp decline in the share of Kannada films.

Pathaan film became the highest-grossing film, earning an estimated ₹646 crore in gross box office. It was followed by “Adipurush” with ₹333 crore, “The Kerala Story” with ₹263 crore, “Varisu” with ₹212 crore, and “Ponniyin Selvan: II” with ₹206 crore.

Despite the overall decline in box office collections in the first half of 2023, there is hope for improvement in the second half.

The report indicates that the upcoming films like SRK’s “Jawan,” Prabhas’ “Salaar,” and Salman Khan’s “Tiger 3” are expected to perform well, potentially boosting the overall box office earnings for the year.

While the current pace suggests 2023 may end with ₹9,736 crore in box office collections, which is lower than the ₹10,637 crore in 2022, the second half releases could bridge the gap and possibly even surpass the previous year’s box office.

It’s worth noting that the all-time record for box office collections in India was in 2019 when it closed at ₹10,948 crore, and 2022 is the only other year where the ₹10,000 crore mark was surpassed.

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The Indian film enthusiasts are eagerly awaiting the releases of the high-rated upcoming films in the second half of 2023 to see how the year’s box office collections will ultimately fare.