Analyst Karan Taurani warns that Karnataka's ₹200 ticket price cap could cut average ticket prices by 30% and dent multiplex earnings. For PVR-Inox, this may lead to a 3.7% drop in ticket prices, 2.2% revenue hit, and 1.8% EBITDA loss. Premium formats may see delayed ROI, forcing cinemas to rely more on food & beverage sales.