.jpg?$p=c2239a2&f=16x9&w=1080&q=0.8&w=1080&resize=1080,607&ssl=1 "Malayalam Cinema soars higher in Crore Club, Malayalam cinema, box office 2024, Indian cinema, Manjummel Boys, Aavesham, revenue, growth")
Kochi: Even as some producers lament financial losses, Malayalam cinema is experiencing a period of tremendous growth, as per statistics. According to the Ormax Box Office Report, which evaluates the profit and loss trends of films in various languages across India, Malayalam cinema doubled its market share in 2024. From a modest 5 percent share in 2023, it surged to 10 percent in 2024.
Malayalam was the only language in the country that rose to superstardom with exceptional performances last year. With a record-breaking gross collection of ₹1,000 crore, Malayalam cinema saw 26 films surpassing the ₹10-crore profit mark in 2024.
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Top Malayalam films by gross revenue (₹ Crores)
| Movie | Revenue in Crores |
| Manjummel Boys | 170 |
| Aavesham | 101 |
| Aadujeevitham | 95 |
| A R M | 73 |
| Premalu | 71 |
| Guruvayoor Ambalanadaiyil | 55 |
| Marco | 52 |
| Kishkindhakandam | 49 |
| Varshangalkku Shesham | 46 |
| Turbo | 42 |
This is double the revenue recorded in 2023.
While Bollywood, Tamil and Kannada cinema saw revenue dips in 2024, Malayalam cinema witnessed a staggering 104 percent growth, skyrocketing from ₹572 crores in 2023 to ₹1,165 crores in 2024. Another language that registered growth was Gujarati, with a 66 percent increase.
Malayalam cinema also saw a great rise in its audience base, growing from 6.7 crore viewers in 2023 to 12.6 crore viewers in 2024—an 88 percent increase. Films like Manjummel Boys and Aavesham achieved success outside Kerala, boosting viewership.
Among the 15 highest-grossing films in India, Manjummel Boys secured the 14th position with ₹170 crores. The top spot was claimed by Pushpa 2, with ₹1,408 crores.
However, according to data released by the Producers’ Association, Malayalam cinema alone suffered losses of ₹700 crores in the past year.
Bollywood’s downfall in 2024
For Bollywood, on the other hand, the year 2024 was a dismal one. According to the Ormax Box Office Report, which evaluates the profit and loss trends of films, Hindi cinema saw a 4 percent dip in its market share. Revenue dropped from ₹5,380 crores in 2023 to ₹4,679 crores in 2024.
Moreover, 31 percent of Bollywood’s revenue came from dubbed versions of South Indian films. If we consider only the films originally released in Hindi, the box office decline for Bollywood would stand at 37 percent.
South Indian languages like Telugu (20%), Tamil (15%) and Kannada (3%) together accounted for 48 percent of the Indian box office share. In contrast, Bollywood’s share stood at just 40 percent, a major drop for an industry that once dominated Indian cinema.
Hollywood films claimed an 8 percent share of the box office.
The Indian film industry grossed ₹11,838 crores at the box office in 2024, a 3% decrease compared to ₹12,226 crores in 2023.
