It’s raining gold in tinselville, and in torrents, if you please! The rupee may have tumbled against the mighty dollar lately, giving a blow to the economy elsewhere, but Bollywood appears to be unfazed for now. A string of hits has swelled the coffers of the world’s largest film industry, which looks poised to register its most robust performance at the box office in a long time this year.

In just eight months, eight movies have crossed the Rs 100-crore threshold. That’s something, considering there were eight films in all to cross that coveted mark last year—excluding the multi-lingual Baahubali 2—and the tally of such hits stood at just seven and six res­pectively in 2016 and 2015. And 2018 still awaits its last quarter, the most productive season for films. Thus, B-town appears to be in for an extended windfall of hits. For an industry reeling under the debacle of big-budget projects not so long ago, the turnaround could not have come at a better time.

What exactly has heralded this happy season? Did the neo-peddlers of...