The Delhi-headquartered HT Media group, which publishes the English daily Hindustan Times, Hindi Hindustan, and business daily Mint and operates a host of digital properties and radio stations, has announced its consolidated Q2 results for the quarter ending 30 September for the fiscal year 2025-26.
The group reported a net consolidated operating revenue of Rs 452 crore in Q2 FY26, as compared to Rs 424 crore in Q2 of the previous fiscal, registering a growth of 7% year-on-year. Net operating revenue in Q1 FY26 was Rs 412 crore, the group stated in its results published online.
Total revenue was Rs 499 crore in Q2FY26 against Rs 479 crore in Q2FY25, a rise of 4%. Total revenue was Rs 451 crore in Q1FY26. HT Media’s losses came down from Rs 4 crore in Q2FY25 to Rs 6 crore in Q2FY26, a gain of 38%.
The print section of HT Media registered an operating revenue of Rs 358 crore in Q2FY26, as compared to Rs 334 crore in the corresponding quarter of the previous fiscal, a rise of 7%. Within print, advertisement revenue led with Rs 278 crore Q2FY26 against Rs 252 crore in the corresponding quarter of the previous fiscal year – registering a 19% on-year growth. Circulation revenue declined 3%, from Rs 55 crore in Q2FY25 to Rs 53 crore in Q2FY26. Operating EBITDA was Rs 40 crore in Q2FY26, up 106% from Rs 19 crore in Q2FY25.
HT Media digital reported Rs 61 crore in operating revenue in Q2FY26, as compared to Rs 56 crore in Q2FY25, a rise of 10%. Radio declined to Rs 32 crore in the quarter ending September 30, 2025, from Rs 35 crore in Q2FY25, an 8% fall.
Raw material expense was reported at Rs 108 crore in Q2FY26, a rise of 8% from Rs 100 crore in the same period, the previous year. Employee cost rose 4% from Rs 109 crore to Rs 100 crore.
Hindustan Media Ventures, on the other hand, recorded Rs 452 crore operating revenue in Q2FY26 up 7% from Rs 424 crore in Q2FY25. Total revenue was Rs 499 crore Q2FY26, up 4% from Rs 479 crore in Q2FY25. PAT was recorded at Rs -4 crore in Q2FY25, a 38% improvement from Rs -6 crore in Q2FY25.
HT Media chairperson speaks
Shobhana Bhartia, chairperson and editorial director HT Media & Hindustan Media Ventures, said, “Building on the performance of the first quarter of the financial year, we are happy to bring to you another quarter of solid performance, with growth in both operating revenue and profitability on an annual as well as a sequential basis. Overall revenue for the Print business grew both annually and sequentially. This growth, combined with our focus on costs, translated into a further expansion of operating margins. The Radio business saw a sequential improvement in revenue and segment profitability this quarter. This came even as the core radio proposition across the industry remains under duress. We continue to deploy focused efforts to improve the business by enhancing our varied offerings within the segment.”
“The Digital business too has posted another set of strong revenue numbers, demonstrating consistent growth on both an annual and sequential basis. As we continue to scale this business, margins remain suppressed in the near term, which is aligned with our growth-oriented strategy. As we navigate the emerging media landscape, we are strategically adapting across all business verticals. We are driving our Digital business through targeted content initiatives. Simultaneously, we are reinforcing the value of our core Print portfolio while sharpening the focus of our Radio business on integrated formats and immersive audience experiences. Your continued confidence in our vision is fundamental to our progress. We remain unwavering in our commitment to inform, educate and entertain our large and diverse audience.”
