Ram Gopal Varma says Ramayana budget is Rs 800 crore and part 2 will earn ten times more

Filmmaker Ram Gopal Varma claims that the actual production cost of Nitesh Tiwari's Ramayana Part 1 is under Rs 800 crore, countering reports of a much higher budget. Varma stated on social media that this figure includes deals, global tax benefits, and subsidies. He dismissed the idea that both parts carry equal costs, pointing out that sequels often feature larger budgets or action sequences.

Revenue And Comparisons

Varma believes the entire combined budget of $500 million, or Rs 4700 crore, for both parts will be recovered through Part 1 alone. He noted that co-producer Namit Malhotra plans to generate extra income through merchandise, theme parks, and gaming. Comparing the project's box office potential to the KGF franchise, Varma predicted that Ramayana Part 2 will earn ten times the business of Part 1. For context, KGF: Chapter 2 earned five times more than its predecessor globally. Ramayana Part 1 has already crossed Rs 1288 crore at the worldwide box office within ten days.

Context

Ramayana is a multi-part cinematic adaptation of the Indian epic starring actors like Ranbir Kapoor, Sai Pallavi, and Yash. The film is co-produced by Prime Focus and Monster Mind Creations, with the second installment scheduled for a 2028 release. Large-scale Indian fantasy and mythological films increasingly rely on global distribution, merchandise, and non-theatrical revenue streams to offset high production costs.