Revenues decline for Indian newspapers

Q2 FY19-20 financial results

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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.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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