‘Ramayana 2 will earn 10 times more than Part 1’: Ram Gopal Varma makes explosive Box Office prediction

In a lengthy social media post, Varma praised Malhotra's vision, financial planning and business strategy, describing him as a filmmaker capable of surpassing even Hollywood's biggest production houses.

Varma said the film's popularity had reached an unprecedented level, citing his own mother's enthusiasm as an example. He revealed that she had been purchasing tickets for domestic workers and watchmen in her residential complex, something she had never done even for his most successful films.

Addressing speculation about the two-part project's reported ₹4,000-crore budget, Varma claimed that the actual production cost of the first instalment was slightly below ₹800 crore. He suggested that international tax benefits, subsidies and commercial arrangements could reduce the effective expenditure further. These figures represent Varma's assessment and have not been independently verified.

The filmmaker also rejected the assumption that both instalments would have identical production costs. He argued that major expenditure on creating the world of Ramayana would generate reusable assets for the sequel, gaming and other future commercial opportunities.

According to Varma, the first instalment's theatrical performance could potentially recover the production costs of the entire franchise, leaving revenues from digital, satellite and other rights, along with the second film's earnings, as substantial additional income.

He expressed particular excitement about the sequel's anticipated sequences involving Hanuman, the Vanara Sena, Ram Setu, the burning of Lanka, Kumbhakarna's death and the final confrontation between Rama and Ravana.

Drawing a comparison with the KGF franchise, Varma argued that while KGF: Chapter 2 earned approximately five times the first film's collections, Ramayana Part 2 could achieve an even greater multiplier.

“I am convinced that Ramayana 2 will do 10 times more than Ramayana Part 1. If you disagree, we will talk in 2028,” Varma declared.

He went further, suggesting that Malhotra could emerge as the most influential Indian filmmaker since the release of Raja Harishchandra in 1913.

Varma's remarks reflect his exceptionally bullish assessment of the franchise's commercial potential, although his production-cost estimates and ambitious box-office projections remain unverified.