Revenues decline for Indian newspapers

Q2 FY19-20 financial results

456

With digital media taking away a major chunk of ad revenue, the major Indian newspapers struggle to maintain their growth.

HT Media

The net consolidated income for Q2 of FY 19-20 of HT Media, the English daily, news website and radio business of the New Delhi headquartered group, declined from Rs. 540.21 crores in Q1 to Rs. 520.52 in Q2, a drop of 3%.

The company recovered its losses from the previous quarter from Rs. 148 crores to Rs 21 crores but still did not make any profits.

Hindustan Media Ventures

Hindustan Media Ventures, a sister company of HT Media Group that prints English dailies – Hindustan Times and Mint, experienced a 12% drop in consolidated income to Rs. 192.74 crores in Q2 FY 19-20 from Rs. 217.94 crores in Q1.

The company’s profits took a dive from Rs. 20.57 crores in Q2 from Rs. 39.67 crores in Q1.

Jagran Prakashan

The total consolidated income for Q2 of Jagran Prakashan Limited, a Hindi daily with 12 print titles in 5 languages and 100 editions, radio business, and 5 digital brands, was Rs. 514.50 crores as on 20 September 2019, which is almost 12% lesser than the last quarter, Rs 584.28 crores. The total revenue of the Q2 of FY19-20 can be broken down as 80% print, 12% radio, 2% digital, and 8% events and outdoor activities. However, the net profit for Q2 was Rs. 125.91 crores – highest as of yet in FY19-20.

The total ad revenue suffered a loss of 3% in Q2 FY20 in comparison to Q2 FY 19 from Rs 311 crores to Rs. 301 crores. Jagran also experienced a decline in ads from the auto category, which was lower than Q1 FY20 and reduction in prices of newsprint, which will get fully reflected in H2 FY20. In terms of digital, revenue remained flat for print digital at Rs 21 crores in H1 FY20.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Indian Printer and Publisher’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here