With a gross box office of Rs 11,833 crore, 2024 became the second-best year of all time at the India box office, trailing only the collections of 2023 Rs 12,226 crore, according to The Ormax Box Office Report 2024.
According to the report, Hindi cinema saw a decline in 2024, with collections dropping from Rs 5,380 crore in 2023 to Rs 4,679 crore, and its box office share reducing by 4% points to 40%. Notably, 31% of Hindi cinema’s collections came from dubbed versions of South Indian films. If
only original Hindi language films are considered, the decline in box office was a steep 37%.
Malayalam cinema doubled its box office share from 5% in 2023 to 10% in 2024, surpassing the Rs 1,000 crore mark for the first time ever. Meanwhile, Tamil and Telugu maintained their box office share with marginal differences compared to 2023. Despite a 7% decline in collections from 2023, Tamil cinema delivered another strong performance in 2024, crossing the Rs 1,500 crore mark for the third consecutive year, and recording its second-best year ever.
As per the report, only three Tamil films crossed the Rs 100 crore mark in 2024, compared to five in 2023, with The Greatest Of All Time being the sole film to gross over Rs 250 crore.
Pushpa 2: The Rule was the highest-grossing film of 2024, with a gross box office of Rs 1,403 crore. Its dubbed Hindi version achieved Rs 889 crore, setting a new record as the highest-grossing ‘Hindi’ film of all time. Moreover, Pushpa 2: The Rule, Kalki 2898 AD and Stree 2 were the only films to surpass the Rs 500 crore mark at the India box office. Devara – Part 1,
Bhool Bhulaiyaa 3 and The Greatest Of All Time were the other three films to gross above Rs 300 crore in 2024, the report stated.
2024 registered 88.3 crore (883 Million) footfalls, reflecting a 6% decline from 2023. Footfalls in 2024, were lower than the last two years, and continue to remain lower than pre-pandemic levels.
Average Ticket Price (ATP) saw a marginal growth of 3% over 2023, from Rs 130 to Rs 134, compared to double-digit growth over the last two years, indicating more stability in ticket prices in 2024.
The report also highlighted that Hollywood experienced the steepest de-growth in 2024, with its gross box office collections dropping by 17% compared to 2023. On the other hand, Gujarati cinema recorded an impressive 66% increase over 2023, which is only behind the growth of Malayalam cinema.
