" 'Delhi Belly 2' is not on the cards at the moment. The writer and I need to sit down and write it, if we feel we have material," Abhinay told IANS.
"I'm doing three more movie projects and all three are in the writing stage. I'll talk more about that later," he said.
A sought-after ad filmmaker, Abhinay won last month a Gold Lion award at the 59th Cannes Lions International Festival of Creativity for his campaign "I Am Mumbai" for the Mumbai Mirror newspaper.
He became the first director from India to win the award, considered equal to an Oscar.
"It feels fantastic. I'm glad that I could do this," he said.
Ask him what he enjoys making most -- ads or films-- and he says: "I enjoy both. It is a great experience to do both and both have their own magic. Ad is my first love. I have always done commercials. Feature is something I like doing now.
"I think both (ads and films) have their own challenges. There are some ads, like for Mumbai Mirror, which have been incredibly challenging. It's like doing a production for a small feature," said Abhinay, who has directed commercials for Pepsi, Nike and Cadbury.
Son of actors Seema and Ramesh Deo who played the couple in the 1971 film "Anand", Abhinay started out as an adman.
Asked if there were any specification on how to form a base in filmmaking, he said: "There is no thumb rule. There is no recommendation from my side that it's better to get into ads first. But one thing I can say is that making ads disciplines you regarding time. It teaches you the value of time."
"Ads are 30-40 seconds long. So you need to be careful about every millisecond. Feature films kind of spoil you because it gives you an opportunity to play with time," he said.
On celebrities endorsing brands, he said: "That does work. There is no doubt about that."
He then added: "Sometimes, a celebrity overshadows a brand and sometimes a celebrity works effectively for a brand. So it depends on how the agency and client decide to use it."
After directing two movies, Abhinay wants to make an ad that does not look staged.
"In advertising, there is a certain type of staged feeling because at the end of the day, you are selling a brand. An ad looks like an ad. After doing a feature, my idea is to make an ad, which does not look like an ad. I want to make it look real. This is what is appreciated now," he said.
Emphasising on the role of a director in making ads, he said every director has "varying degrees of involvement".
"Because I have had a strong agency background, my involvement in scripting is a lot more," he said.