ITV

Category: Brands

  • Bertolli appoints Ranveer Brar as its Indian brand ambassador

    Bertolli appoints Ranveer Brar as its Indian brand ambassador

    MUMBAI:  Italy’s Bertolli Olive Oil has appointed leading culinary expert and celebrity chef  Ranveer Brar as their first Indian brand ambassador. A global market leader in olive oil, Bertolli is owned by Deoleo, the biggest olive oil company in the world.

    Television personality and  Masterchef India judge, Brar is famous for representing Indian food across the globe with over 20 years of experience in the food industry and more than 10 years at kitchen management positions across Indian and USA.

    “Olive oil consumption is growing worldwide every year and India is one of the countries with great potential. Ranveer’s contribution to the brand will be via multiple innovative marketing campaigns that will demystify cooking with olive oil in an Indian scenario and attract a new generation to the kitchen in a fun and easy way. Bertolli is an international food brand with its core product range of olive oil, which comes in 3 types for different uses: Extra Light and Classico, which are suitable for high heat cooking and Extra Virgin, which is recommended for cold dishes such as salad or bread dips” says Deoleo, India brand manager, Riddhi Kapoor.

    Speaking of the association, Brar says, “Bertolli Olive oil is not only a delicious flavoring, it is healthy too. With inherent benefits that fully match today’s growing needs for a nutritious lifestyle, the benefits of olive oil have been seen in the Mediterranean Diet for centuries and the oil can naturally lend itself to Indian cuisine with scope for great creativity in the kitchen. Olive oil is one of the most dynamic and healthy contributors in the food sector today and I am honoured to be associated with Bertolli’s core values of quality and consistency.”

  • Bertolli appoints Ranveer Brar as its Indian brand ambassador

    Bertolli appoints Ranveer Brar as its Indian brand ambassador

    MUMBAI:  Italy’s Bertolli Olive Oil has appointed leading culinary expert and celebrity chef  Ranveer Brar as their first Indian brand ambassador. A global market leader in olive oil, Bertolli is owned by Deoleo, the biggest olive oil company in the world.

    Television personality and  Masterchef India judge, Brar is famous for representing Indian food across the globe with over 20 years of experience in the food industry and more than 10 years at kitchen management positions across Indian and USA.

    “Olive oil consumption is growing worldwide every year and India is one of the countries with great potential. Ranveer’s contribution to the brand will be via multiple innovative marketing campaigns that will demystify cooking with olive oil in an Indian scenario and attract a new generation to the kitchen in a fun and easy way. Bertolli is an international food brand with its core product range of olive oil, which comes in 3 types for different uses: Extra Light and Classico, which are suitable for high heat cooking and Extra Virgin, which is recommended for cold dishes such as salad or bread dips” says Deoleo, India brand manager, Riddhi Kapoor.

    Speaking of the association, Brar says, “Bertolli Olive oil is not only a delicious flavoring, it is healthy too. With inherent benefits that fully match today’s growing needs for a nutritious lifestyle, the benefits of olive oil have been seen in the Mediterranean Diet for centuries and the oil can naturally lend itself to Indian cuisine with scope for great creativity in the kitchen. Olive oil is one of the most dynamic and healthy contributors in the food sector today and I am honoured to be associated with Bertolli’s core values of quality and consistency.”

  • Q3-2016: Sony mobiles & devices div offset gains from games & pictures segments

    Q3-2016: Sony mobiles & devices div offset gains from games & pictures segments

    BENGALURU: Sony Corporation reported almost flat (up 0.5 per cent) YoY sales and operating revenue (sales revenue) in the quarter ended 31 December, 2015 (Q3-2015, current quarter). However, net income attributable to stockholders (net income) was 23 per cent higher YoY. Sony reported sales of  ?2580.8 billion as compared to the ?2466.7 billion in Q3-2015. The company reported net income attributable to Sony shareholders of ?95.25 billion in Q3-2016 as compared to f ?79.96 billion in the corresponding year ago quarter.

     

    Sony says that sales were essentially flat YoY mainly due to due to increases in Game & Network Services (G&NS) segment sales, reflecting a significant increase in PlayStation4 (PS4) software sales, and in Pictures segment sales, reflecting a significant increase in Motion Pictures sales, substantially offset by decreases in Mobile Communications (MC) segment sales, reflecting a significant decrease in smartphone unit sales, and in Devices segment sales, primarily reflecting a significant decrease in image sensor sales. On a constant currency basis, sales were essentially flat year-on-year says the company.

     

    Segment Performance

     

    Mobile Communications

    Sony’s MC segment reported a 14.7 per cent decline in sales to ?384.5 billion in the current quarter as compared to the ?450.9 billion in Q3-2015, which Sony says was due to a significant decrease in smartphone unit sales resulting from a strategic decision not to pursue scale in order to improve profitability.

     

    Consequently the segment reported a higher operating profit of ?24.1 billion in Q3-2016 as compared to ?10.4 billion in Q3-2015. Sony says that this was due to an improvement in product mix reflecting a shift to high value-added models, as well as reductions in costs including marketing, research and development and other selling, general and administrative expenses, partially offset by the above-mentioned decrease in smartphone unit sales and the negative impact of the appreciation of the US dollar, reflecting the high ratio of US dollar-denominated costs.

     

    Game & Network Services (G&NS)

    GN&S segment reported a 10.5 per cent increase in sales to ?531.5 billion in Q3-2016 as compared to the ?309.5 million in Q3-2015, which Sony says was primarily due to an increase in PS4 software sales as well as the impact of foreign exchange rates, partially offset by a decrease in PlayStation3 (PS3) software sales.

     

    This segment’s Operating Income increased 45.5 per cent to ?40.2 billion in Q3-2016 as compared to the ?27.6 billion in Q3-2015. The gain due to to the increase in PS4 software sales as well as the absence in the current quarter of an 11.2 billion yen write-down of PS Vita and PS TV components recorded in the same quarter of the previous fiscal year. Partially offsetting the increase in operating income were the negative impact of the appreciation of the US dollar, reflecting the high ratio of US dollar-denominated costs, and the decrease in PS3 software sales.

     

    Imaging Products & Solutions (IP&S)

    IP&S segment reported a five per cent decline in sales to ?191.9 billion in the current quarter as compared to the ?201.9 billion in Q3-2015 due to decreases in unit sales of video cameras and digital cameras reflecting a contraction of the market, partially offset by an improvement in the product mix of digital cameras reflecting a shift to high value-added models.

     

    IP&S operating income increased 28.6 per cent to ?25.9 billion in Q3-2016 as compared to the ?20.1 billion in Q3-2015. During the current quarter there was a 1.9 billion yen positive impact from foreign exchange rate fluctuations says Sony.

     

    Home Entertainment & Sound (HE&S)

    Sony’s HE&S segment reported 4.3 per cent decline in revenue to ?402.2 billion in the current quarter as compared to the ?420.2 billion in Q3-2015 due to a decrease in unit sales of LCD televisions, and a decrease in home audio and video unit sales, reflecting a contraction of the market, as well as the impact of foreign exchange rates, partially offset by an improvement in the product mix of LCD televisions, reflecting a shift to high value-added model.

     

    HE&S operating income reported 19.8 per cent growth in operating income to ?31.2 billion in Q3-2016 as compared to the ?26 billion in Q3-2015 reductions and an improvement in product mix, partially offset by the negative impact of the appreciation of the US dollar, reflecting the high ratio of US dollar-denominated costs, as well as the impact of the above-mentioned decrease in sales.

     

    In Television, sales were flat YoY as ?288.5 billion. This was primarily due to a decrease in LCD television unit sales resulting from a strategic decision not to pursue scale in order to improve profitability and the impact of foreign exchange rates, substantially offset by the improvement in product mix reflecting a shift to high value-added models. Operating income increased ?6.6 billion yen YoY to ?15.9 billion. This increase was primarily due to cost reductions and the improvement in product mix, partially offset by the negative impact of the appreciation of the US dollar, reflecting the high ratio of US dollar-denominated costs, and the impact of the decrease in unit sales.

     

    Devices

    Devices Sales reduced 12.6 per cent YoY to ?249.9 billion in the current quarter from ?285.9 billion. This increase was primarily due to the impact of foreign exchange rates and an increase in demand for image sensors, partially offset by a decrease in battery business sales. Sales to external customers increased 17.3 per cent YoY.

     

    Operating income of the segment in Q3-2016 increased ?4.4 billion YoY to ?32.7 billion from ?28.3 billion in Q3-2015. This decrease was primarily due to a significant decrease in sales of image sensors, reflecting a decrease in demand for mobile products, and a significant decrease in battery business sales. This sales decrease was partially offset by an increase in sales of camera modules, which were lower than originally forecasted and the impact of foreign exchange rates. Sales to external customers decreased 7.5 per cent year-on-year.

     

    The segment reported an operating loss of ?11.7 billion in the current quarter as compared to an operating profit of ?53.8 billion in Q3-2015. This deterioration was primarily due to the deterioration in the operating results of the battery business, including the recording of a ?30.6 billion impairment charge related to long-lived assets, increases in depreciation and amortisation expenses as well as in research and development expenses for image sensors and camera modules, and the impact of the decrease in sales of image sensors.

     

    Pictures

    Sony’s Pictures segment reported 26.9 per cent growth in sales to ?262.1 billion in Q3-2016 as compared to the ?206.6 billion in Q3-2015. The increase in sales on a US dollar basis was primarily due to significantly higher sales for Motion Pictures, partially offset by the impact of foreign exchange rates. The increase in Motion Pictures sales was primarily driven by higher theatrical revenues, as the current quarter benefitted from the strong worldwide theatrical performances of Spectre and Hotel Transylvania 2, partially offset by lower home entertainment revenues, as the same quarter of the previous fiscal year benefitted from the home entertainment performances of 22 Jump Street and The Equalizer.

     

    Operating income in the current quarter more than tripled (3.27 time) at ?20.4 billion YoY from ?6.2 billion from ?1 billion in Q3-2014 due to the impact of the above-mentioned increase in sales, partially offset by higher theatrical marketing expenses. The increase in operating income also reflects lower overhead expenses as compared to the same quarter of the previous fiscal year, primarily due to a reduction in incentive compensation expense as well as insurance recoveries related to losses incurred from the cyberattack on SPE’s network and IT infrastructure in the fall of 2014.

     

    Music

    Music reported 8.2 per cent increase in sales to ?18.1 billion in Q3-2016 as compared to the ?167.5 billion in Q3-2015 due to the impact of the depreciation of the yen against the US dollar. Sony says that the increase in sales on a constant currency basis was due to higher Recorded Music sales, reflecting an increase in digital streaming revenue, and higher Visual Media and Platform sales, reflecting the strong performance of a game application for mobile devices. The current quarter includes record-breaking sales of Adele’s new album 25. Other best-selling titles included One Direction’s Made in the A.M., Elvis Presley’s If I Can Dream: Elvis Presley with the Royal Philharmonic Orchestra and Bruce Springsteen’s The Ties That Bind: The River Collection.

     

    Operating income increased ?1.5 billion year-on-year to ?27.4 billion ($228 million). This increase was primarily due to the above-mentioned increase in sales in Recorded Music and Visual Media and Platform.

     

    Operating income increased ?2.4 billion to ?14.6 billion. This increase was primarily due to an improvement in product mix, reflecting an increase in digital streaming revenues says Sony.

     

    Financial services

    Financial services increased 5.6 per cent YoY to ?322.0 billion primarily due to an increase in revenue at Sony Life. Revenue at Sony Life increased 5.7 per cent year-on-year to ?295.0 billion mainly due to an increase in insurance premium revenue reflecting a steady increase in policy amount in force.

     

    Operating income of ?52.2 billion was recorded, essentially flat YoY. At Sony Life, operating income of ?51.6 billion was recorded, essentially flat YoY, mainly due to the above-mentioned increase in insurance premium revenue, substantially offset by an increase in operating expenses.

     

    Other

    Sales decreased 17.7 per cent YoY in Q3-2016 to ?5196.8 billion.

    Operating income of ?515.7 billion was recorded in Q3-2016, compared to an operating loss of ?5112.6 billion in the same quarter of the previous fiscal year. This improvement was primarily due to a decrease in PC exit costs, including restructuring charges and after-sales service expenses, as well as the absence in the current quarter of sales company fixed costs charged to the PC business in the same quarter of the previous fiscal year, which were allocated based on the prior year results says Sony.

     

  • Q3-2016: Sony mobiles & devices div offset gains from games & pictures segments

    Q3-2016: Sony mobiles & devices div offset gains from games & pictures segments

    BENGALURU: Sony Corporation reported almost flat (up 0.5 per cent) YoY sales and operating revenue (sales revenue) in the quarter ended 31 December, 2015 (Q3-2015, current quarter). However, net income attributable to stockholders (net income) was 23 per cent higher YoY. Sony reported sales of  ?2580.8 billion as compared to the ?2466.7 billion in Q3-2015. The company reported net income attributable to Sony shareholders of ?95.25 billion in Q3-2016 as compared to f ?79.96 billion in the corresponding year ago quarter.

     

    Sony says that sales were essentially flat YoY mainly due to due to increases in Game & Network Services (G&NS) segment sales, reflecting a significant increase in PlayStation4 (PS4) software sales, and in Pictures segment sales, reflecting a significant increase in Motion Pictures sales, substantially offset by decreases in Mobile Communications (MC) segment sales, reflecting a significant decrease in smartphone unit sales, and in Devices segment sales, primarily reflecting a significant decrease in image sensor sales. On a constant currency basis, sales were essentially flat year-on-year says the company.

     

    Segment Performance

     

    Mobile Communications

    Sony’s MC segment reported a 14.7 per cent decline in sales to ?384.5 billion in the current quarter as compared to the ?450.9 billion in Q3-2015, which Sony says was due to a significant decrease in smartphone unit sales resulting from a strategic decision not to pursue scale in order to improve profitability.

     

    Consequently the segment reported a higher operating profit of ?24.1 billion in Q3-2016 as compared to ?10.4 billion in Q3-2015. Sony says that this was due to an improvement in product mix reflecting a shift to high value-added models, as well as reductions in costs including marketing, research and development and other selling, general and administrative expenses, partially offset by the above-mentioned decrease in smartphone unit sales and the negative impact of the appreciation of the US dollar, reflecting the high ratio of US dollar-denominated costs.

     

    Game & Network Services (G&NS)

    GN&S segment reported a 10.5 per cent increase in sales to ?531.5 billion in Q3-2016 as compared to the ?309.5 million in Q3-2015, which Sony says was primarily due to an increase in PS4 software sales as well as the impact of foreign exchange rates, partially offset by a decrease in PlayStation3 (PS3) software sales.

     

    This segment’s Operating Income increased 45.5 per cent to ?40.2 billion in Q3-2016 as compared to the ?27.6 billion in Q3-2015. The gain due to to the increase in PS4 software sales as well as the absence in the current quarter of an 11.2 billion yen write-down of PS Vita and PS TV components recorded in the same quarter of the previous fiscal year. Partially offsetting the increase in operating income were the negative impact of the appreciation of the US dollar, reflecting the high ratio of US dollar-denominated costs, and the decrease in PS3 software sales.

     

    Imaging Products & Solutions (IP&S)

    IP&S segment reported a five per cent decline in sales to ?191.9 billion in the current quarter as compared to the ?201.9 billion in Q3-2015 due to decreases in unit sales of video cameras and digital cameras reflecting a contraction of the market, partially offset by an improvement in the product mix of digital cameras reflecting a shift to high value-added models.

     

    IP&S operating income increased 28.6 per cent to ?25.9 billion in Q3-2016 as compared to the ?20.1 billion in Q3-2015. During the current quarter there was a 1.9 billion yen positive impact from foreign exchange rate fluctuations says Sony.

     

    Home Entertainment & Sound (HE&S)

    Sony’s HE&S segment reported 4.3 per cent decline in revenue to ?402.2 billion in the current quarter as compared to the ?420.2 billion in Q3-2015 due to a decrease in unit sales of LCD televisions, and a decrease in home audio and video unit sales, reflecting a contraction of the market, as well as the impact of foreign exchange rates, partially offset by an improvement in the product mix of LCD televisions, reflecting a shift to high value-added model.

     

    HE&S operating income reported 19.8 per cent growth in operating income to ?31.2 billion in Q3-2016 as compared to the ?26 billion in Q3-2015 reductions and an improvement in product mix, partially offset by the negative impact of the appreciation of the US dollar, reflecting the high ratio of US dollar-denominated costs, as well as the impact of the above-mentioned decrease in sales.

     

    In Television, sales were flat YoY as ?288.5 billion. This was primarily due to a decrease in LCD television unit sales resulting from a strategic decision not to pursue scale in order to improve profitability and the impact of foreign exchange rates, substantially offset by the improvement in product mix reflecting a shift to high value-added models. Operating income increased ?6.6 billion yen YoY to ?15.9 billion. This increase was primarily due to cost reductions and the improvement in product mix, partially offset by the negative impact of the appreciation of the US dollar, reflecting the high ratio of US dollar-denominated costs, and the impact of the decrease in unit sales.

     

    Devices

    Devices Sales reduced 12.6 per cent YoY to ?249.9 billion in the current quarter from ?285.9 billion. This increase was primarily due to the impact of foreign exchange rates and an increase in demand for image sensors, partially offset by a decrease in battery business sales. Sales to external customers increased 17.3 per cent YoY.

     

    Operating income of the segment in Q3-2016 increased ?4.4 billion YoY to ?32.7 billion from ?28.3 billion in Q3-2015. This decrease was primarily due to a significant decrease in sales of image sensors, reflecting a decrease in demand for mobile products, and a significant decrease in battery business sales. This sales decrease was partially offset by an increase in sales of camera modules, which were lower than originally forecasted and the impact of foreign exchange rates. Sales to external customers decreased 7.5 per cent year-on-year.

     

    The segment reported an operating loss of ?11.7 billion in the current quarter as compared to an operating profit of ?53.8 billion in Q3-2015. This deterioration was primarily due to the deterioration in the operating results of the battery business, including the recording of a ?30.6 billion impairment charge related to long-lived assets, increases in depreciation and amortisation expenses as well as in research and development expenses for image sensors and camera modules, and the impact of the decrease in sales of image sensors.

     

    Pictures

    Sony’s Pictures segment reported 26.9 per cent growth in sales to ?262.1 billion in Q3-2016 as compared to the ?206.6 billion in Q3-2015. The increase in sales on a US dollar basis was primarily due to significantly higher sales for Motion Pictures, partially offset by the impact of foreign exchange rates. The increase in Motion Pictures sales was primarily driven by higher theatrical revenues, as the current quarter benefitted from the strong worldwide theatrical performances of Spectre and Hotel Transylvania 2, partially offset by lower home entertainment revenues, as the same quarter of the previous fiscal year benefitted from the home entertainment performances of 22 Jump Street and The Equalizer.

     

    Operating income in the current quarter more than tripled (3.27 time) at ?20.4 billion YoY from ?6.2 billion from ?1 billion in Q3-2014 due to the impact of the above-mentioned increase in sales, partially offset by higher theatrical marketing expenses. The increase in operating income also reflects lower overhead expenses as compared to the same quarter of the previous fiscal year, primarily due to a reduction in incentive compensation expense as well as insurance recoveries related to losses incurred from the cyberattack on SPE’s network and IT infrastructure in the fall of 2014.

     

    Music

    Music reported 8.2 per cent increase in sales to ?18.1 billion in Q3-2016 as compared to the ?167.5 billion in Q3-2015 due to the impact of the depreciation of the yen against the US dollar. Sony says that the increase in sales on a constant currency basis was due to higher Recorded Music sales, reflecting an increase in digital streaming revenue, and higher Visual Media and Platform sales, reflecting the strong performance of a game application for mobile devices. The current quarter includes record-breaking sales of Adele’s new album 25. Other best-selling titles included One Direction’s Made in the A.M., Elvis Presley’s If I Can Dream: Elvis Presley with the Royal Philharmonic Orchestra and Bruce Springsteen’s The Ties That Bind: The River Collection.

     

    Operating income increased ?1.5 billion year-on-year to ?27.4 billion ($228 million). This increase was primarily due to the above-mentioned increase in sales in Recorded Music and Visual Media and Platform.

     

    Operating income increased ?2.4 billion to ?14.6 billion. This increase was primarily due to an improvement in product mix, reflecting an increase in digital streaming revenues says Sony.

     

    Financial services

    Financial services increased 5.6 per cent YoY to ?322.0 billion primarily due to an increase in revenue at Sony Life. Revenue at Sony Life increased 5.7 per cent year-on-year to ?295.0 billion mainly due to an increase in insurance premium revenue reflecting a steady increase in policy amount in force.

     

    Operating income of ?52.2 billion was recorded, essentially flat YoY. At Sony Life, operating income of ?51.6 billion was recorded, essentially flat YoY, mainly due to the above-mentioned increase in insurance premium revenue, substantially offset by an increase in operating expenses.

     

    Other

    Sales decreased 17.7 per cent YoY in Q3-2016 to ?5196.8 billion.

    Operating income of ?515.7 billion was recorded in Q3-2016, compared to an operating loss of ?5112.6 billion in the same quarter of the previous fiscal year. This improvement was primarily due to a decrease in PC exit costs, including restructuring charges and after-sales service expenses, as well as the absence in the current quarter of sales company fixed costs charged to the PC business in the same quarter of the previous fiscal year, which were allocated based on the prior year results says Sony.

     

  • Q3-2016: PVR revenue up 19%, PAT down 5.4%

    Q3-2016: PVR revenue up 19%, PAT down 5.4%

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited reported 19.2 per cent YoY growth in Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter).

     

    The exhibitor’s YoY PAT in the current quarter however declined 5.4 per cent. PVR reported TIO of Rs 500.45 crore in Q3-2016 as compared to Rs 419.71 crore in the corresponding year ago quarter. TIO in the current quarter was 5.4 per cent higher QoQ as compared to Rs 474.60 crore. The company reported PAT of Rs 29.88 crore (six per cent margin) in Q3-2016 as compared to PAT of Rs 31.59 crore (7.5 per cent margin). PAT in Q3-2016 declined 27.2 per cent QoQ as compared to Rs 41.05 crore (8.6 per cent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers are consolidated unless stated otherwise

     

    Box Office performance:

     

    PVR’s top five box office performers in terms of Gross Box Office (GBO) were:

    1) Bajirao Mastani: GBO Rs 41.08 crore, Net Box Office (NBO) Rs 28.83 crore, Admits 16.6 lakh, Average Ticket Price Rs 242

     

    2) Prem Ratan Dhan Paayo: GBO Rs 36.29 crore; NBO Rs 26.12 crore, Admits 17.2 lakh, ATP 211

     

    3) Dilwale: GBO Rs 26.88 crore, NBO Rs 19.42 crore, Admits 11.6 lakh, ATP Rs 231

     

    4) Tamasha: GBO Rs 22.48 crore, NBO Rs 16.11 crore; Admits 11.2 lakh, ATP Rs 201

     

    5) Pyaar Ka Punchnama: GBO Rs 19.08 crore, NBO Rs 13.64 crore, Admits 10 lakh; ATP 191

     

    The top five movies contributed to about 43 per cent NBO as compared to 56 per cent in the corresponding year ago quarter.

     

    NBO in the current quarter increased nine per cent YoY to Rs 251.20 crore (50.2 per cent of TIO) as compared to Rs 230.66 crore (48.60 per cent of TIO). ATP in the current quarter increased eight per cent to Rs 200 as compared to Rs 185 in Q3-2015. Q3-2016 saw admits increase 16 per cent to 5.43 crore as compared to 4.69 crore in Q3-2015.

     

    Food and Beverages and Advertisement revenue:

     

    Food and Beverage (F&B) share of Total Revenue was 25 per cent of operating revenue in the current quarter at Rs 113.58 crore, which was 12.9 per cent more than the Rs 100.62 crore (25.3 per cent of operating revenue) in the corresponding year ago quarter. Advertising revenue in the current quarter was 15.2 per cent of operating revenue) at Rs 69.26 crore increased 28.6 per cent as compared to Rs 53.85 crore (13.5 per cent of Operating revenue).

     

    Let us look at the other numbers reported by PVR:

     

    The company’s Movie Exhibition segment reported 13.5 per cent YoY growth in revenue at Rs 445.80 crore as compared to Rs 392.88 crore, but a 0.7 per cent QoQ decline as compared to Rs 448.90 crore. The segment reported 8.7 per cent YoY increase in operating profit at Rs 54.42 crore as compared to Rs 50.08 crore but a 12.1 per cent QoQ decline as compared to Rs 61.90 crore.

     

    Movie Production segment reported operating revenue of Rs 42.64 crore in the current quarter, Rs 11.85 crore in Q3-2015 and Rs 8.56 crore in the immediate trailing quarter. The segment reported operating profit of Rs 0.91 crore in Q3-2016, an operating profit of Rs 0.43 crore in Q3-2015 and an operating loss of Rs 0.48 crore in Q2-2016.

     

    The ‘Others’ segment reported revenue of Rs 19.01 crore in Q3-2016, Rs 19 crore in Q3-2015 and Rs 19.05 crore in Q2-2016. The segment reported operating loss of Rs 0.40 crore in Q3-2016; operating loss of Rs 0.13 crore in Q3-2015 and an operating loss of Rs 0.65 crore in Q2-2016.

     

    Total expense in Q3-2016 at Rs 445.50 crore (89 per cent of TIO) increased 20.6 per cent YoY as compared to Rs 369.33 crore (88 per cent of TIO) and increased 7.7 per cent as compared to Rs 413.83 crore (87.2 per cent of TIO).

     

    The company’s film exhibition cost increased 5.8 per cent YoY at Rs 104.21 crore (20.8 per cent of TIO) as compared to Rs 98.49 crore (23.5 per cent of TIO), but declined 8.2 per cent as compared to Rs 113.53 crore (23.9 per cent of TIO).

     

    F&B and other cost in Q3-2016 increased 2.5 per cent YoY to Rs 30.80 crore (6.2 per cent of TIO) as compared to Rs 309.05 crore (7.2 per cent of TIO) but declined 3.8 per cent as compared to Rs 32.01 crore (6.7 per cent of TIO).

     

    Other expense in Q3-2016 almost doubled YOY (up 1.97 times) to Rs 78.53 crore as compared to Rs 39.85 crore (9.5 per cent of TIO) and increased 80.50 per cent QoQ to to Rs 43.51 crore (9.2 per cent of TIO).

  • Q3-2016: PVR revenue up 19%, PAT down 5.4%

    Q3-2016: PVR revenue up 19%, PAT down 5.4%

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited reported 19.2 per cent YoY growth in Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter).

     

    The exhibitor’s YoY PAT in the current quarter however declined 5.4 per cent. PVR reported TIO of Rs 500.45 crore in Q3-2016 as compared to Rs 419.71 crore in the corresponding year ago quarter. TIO in the current quarter was 5.4 per cent higher QoQ as compared to Rs 474.60 crore. The company reported PAT of Rs 29.88 crore (six per cent margin) in Q3-2016 as compared to PAT of Rs 31.59 crore (7.5 per cent margin). PAT in Q3-2016 declined 27.2 per cent QoQ as compared to Rs 41.05 crore (8.6 per cent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers are consolidated unless stated otherwise

     

    Box Office performance:

     

    PVR’s top five box office performers in terms of Gross Box Office (GBO) were:

    1) Bajirao Mastani: GBO Rs 41.08 crore, Net Box Office (NBO) Rs 28.83 crore, Admits 16.6 lakh, Average Ticket Price Rs 242

     

    2) Prem Ratan Dhan Paayo: GBO Rs 36.29 crore; NBO Rs 26.12 crore, Admits 17.2 lakh, ATP 211

     

    3) Dilwale: GBO Rs 26.88 crore, NBO Rs 19.42 crore, Admits 11.6 lakh, ATP Rs 231

     

    4) Tamasha: GBO Rs 22.48 crore, NBO Rs 16.11 crore; Admits 11.2 lakh, ATP Rs 201

     

    5) Pyaar Ka Punchnama: GBO Rs 19.08 crore, NBO Rs 13.64 crore, Admits 10 lakh; ATP 191

     

    The top five movies contributed to about 43 per cent NBO as compared to 56 per cent in the corresponding year ago quarter.

     

    NBO in the current quarter increased nine per cent YoY to Rs 251.20 crore (50.2 per cent of TIO) as compared to Rs 230.66 crore (48.60 per cent of TIO). ATP in the current quarter increased eight per cent to Rs 200 as compared to Rs 185 in Q3-2015. Q3-2016 saw admits increase 16 per cent to 5.43 crore as compared to 4.69 crore in Q3-2015.

     

    Food and Beverages and Advertisement revenue:

     

    Food and Beverage (F&B) share of Total Revenue was 25 per cent of operating revenue in the current quarter at Rs 113.58 crore, which was 12.9 per cent more than the Rs 100.62 crore (25.3 per cent of operating revenue) in the corresponding year ago quarter. Advertising revenue in the current quarter was 15.2 per cent of operating revenue) at Rs 69.26 crore increased 28.6 per cent as compared to Rs 53.85 crore (13.5 per cent of Operating revenue).

     

    Let us look at the other numbers reported by PVR:

     

    The company’s Movie Exhibition segment reported 13.5 per cent YoY growth in revenue at Rs 445.80 crore as compared to Rs 392.88 crore, but a 0.7 per cent QoQ decline as compared to Rs 448.90 crore. The segment reported 8.7 per cent YoY increase in operating profit at Rs 54.42 crore as compared to Rs 50.08 crore but a 12.1 per cent QoQ decline as compared to Rs 61.90 crore.

     

    Movie Production segment reported operating revenue of Rs 42.64 crore in the current quarter, Rs 11.85 crore in Q3-2015 and Rs 8.56 crore in the immediate trailing quarter. The segment reported operating profit of Rs 0.91 crore in Q3-2016, an operating profit of Rs 0.43 crore in Q3-2015 and an operating loss of Rs 0.48 crore in Q2-2016.

     

    The ‘Others’ segment reported revenue of Rs 19.01 crore in Q3-2016, Rs 19 crore in Q3-2015 and Rs 19.05 crore in Q2-2016. The segment reported operating loss of Rs 0.40 crore in Q3-2016; operating loss of Rs 0.13 crore in Q3-2015 and an operating loss of Rs 0.65 crore in Q2-2016.

     

    Total expense in Q3-2016 at Rs 445.50 crore (89 per cent of TIO) increased 20.6 per cent YoY as compared to Rs 369.33 crore (88 per cent of TIO) and increased 7.7 per cent as compared to Rs 413.83 crore (87.2 per cent of TIO).

     

    The company’s film exhibition cost increased 5.8 per cent YoY at Rs 104.21 crore (20.8 per cent of TIO) as compared to Rs 98.49 crore (23.5 per cent of TIO), but declined 8.2 per cent as compared to Rs 113.53 crore (23.9 per cent of TIO).

     

    F&B and other cost in Q3-2016 increased 2.5 per cent YoY to Rs 30.80 crore (6.2 per cent of TIO) as compared to Rs 309.05 crore (7.2 per cent of TIO) but declined 3.8 per cent as compared to Rs 32.01 crore (6.7 per cent of TIO).

     

    Other expense in Q3-2016 almost doubled YOY (up 1.97 times) to Rs 78.53 crore as compared to Rs 39.85 crore (9.5 per cent of TIO) and increased 80.50 per cent QoQ to to Rs 43.51 crore (9.2 per cent of TIO).

  • Q3-2016: Adlabs revenue up 8% on 22% footfall growth

    Q3-2016: Adlabs revenue up 8% on 22% footfall growth

    BENGALURU: Adlabs Entertainment Limited (Adlabs) reported a 7.8 per cent YoY growth in Total Income from operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016) at Rs 73.19 crore as compared to Rs 67.92 crore and almost double (up 1.97 times) the Rs 37.21 crore reported for Q2-2016. The company reported a 22.5 per cent YoY growth in footfalls in the current quarter at 4,49,621 footfalls as compared to 3,67,019 footfalls and 81.2 per cent higher QoQ than the 2,48,123 footfalls in the immediate trailing quarter.

     

    Note:  (1) 100,00,000 = 100 lakh = 10 million = 1 crore

     (2) All numbers in this report are standalone unless stated otherwise

     

    The company’s EBIDTA in Q3-2016 increased 9.3 per cent YoY in the current quarter at Rs 14.78 crore (20.2 per cent margin) as compared to Rs 13.53 crore (19.9 margin) and a negative EBIDTA of Rs 6.26 crore in the immediate trailing quarter.

     

    Let us look at the other numbers reported by Adlabs

     

    Total Expenditure in Q3-2016 increased 9.8 per cent YoY to Rs 82.19 crore (112.3 per cent of TIO) as compared 74.84 crore (110.2 per cent of TIO) and was 26.5 per cent higher QoQ as compared to Rs 64.99 crore (174.7 per cent of TIO).

     

    A major expense head for Adlabs is Employee Benefits Expense (EBE). EBE in Q3-2016 declined 2.3 per cent YoY to Rs 14.06 crore (19.2 per cent of TIO) from Rs 14.39 crore (21.2 per cent of TIO) in Q3-2015, and declined 5.3 per cent QoQ from Rs 14.85 crore (39.9 per cent of TIO).

     

    Loss in the current quarter was higher YoY at Rs 25.2 crore as compared to Rs 22.39 crore, but lower QoQ as compared to Rs 34.73 crore in the immediate trailing quarter.

     

    Segment performance

     

    Five segments contribute to Adlabs revenue. They are: Tickets; Food and Beverages (F&B); Merchandise; Hotel; and Other Operations.

     

    The largest segment, Tickets reported a 10.4 per cent YoY decline in revenue in Q3-2016 at Rs 45.78 crore as compared to Rs 51.09 crore, but an 86.2 per cent QoQ increase as compared to Rs 24.58 crore. The segment reported a higher YoY operating loss at Rs 11.47 crore as compared to an operating loss of Rs 9.41 crore but lower QoQ operating loss as compared to Rs 28.17 crore.

     

    F&B segment reported 35.2 per cent YoY revenue growth at Rs 14.19 crore as compared to Rs 10.50 crore and more than double (2.17 times) QoQ as compared to Rs 6.53 crore. The segment reported a 14.4 per cent YoY growth in operating profit at Rs 4.79 crore as compared to Rs 4.19 crore and was more than triple (3.37 times) QoQ as compared to Rs 1.42 crore.

     

    Adlabs Merchandise segment reported 15.8 per cent higher revenue in Q3-2016 at Rs 6.23 crore as compared to Rs 5.38 crore in the corresponding year ago quarter and was 73 per cent more than the Rs 3.6 crore in the immediate trailing quarter. The segment reported more than double (2.5 times) YoY growth in operating profit at Rs 1.07 crore as compared to Rs 0.43 crore and 21.9 per cent higher QoQ operating profit as compared to Rs 0.88 crore.

     

    The Hotel segment is a new segment hence no comparable YoY numbers are available. QoQ, the segment reported over seven times (7.6 times) growth in revenue to Rs 4.73 crore as compared to Rs 0.62 crore. The segment reported a loss of Rs 1.89 crore in Q3-2016 as compared to a loss of Rs 0.61 crore in Q2-2016.

     

    Other Operations segment reported revenue of Rs 2.26 crore in the current quarter; Rs 0.96 crore in Q3-2015 and Rs 1.88 crore in Q2-2016. The segment reported operating profit of Rs 0.66 crore in Q3-2016, operating loss of Rs 0.45 crore in Q2-2015 and an operating profit of Rs 0.62 crore in Q2-2016.

     

    Company speak

     

    Adlabs CEO Kapil Bagla said, “The footfalls to both parks Imagica and Aquamagica put together in this quarter equals 4.49 lakh vs 3.67 lakh, signifying a growth of 23 per cent on YoY basis. We are also happy to share with you that on 27 December, 2015, we entertained the highest single day footfalls of 14,128 in Imagica. We are extremely enthused by the performance of our Hotel Novotel Imagica for Q3 average occupancy of the hotel stood at a healthy 75 per cent with an average room rate (ARR) of Rs 5,800 plus. The hotel has consistently generated excellent customer feedback and reviews. In December we achieved the milestone or entertaining three million guests in our parks in 2.5 years since the launch of Imagica in 2013, probably the fastest and highest ramp-up of any outdoor destination in the country.”

  • Q3-2016: Adlabs revenue up 8% on 22% footfall growth

    Q3-2016: Adlabs revenue up 8% on 22% footfall growth

    BENGALURU: Adlabs Entertainment Limited (Adlabs) reported a 7.8 per cent YoY growth in Total Income from operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016) at Rs 73.19 crore as compared to Rs 67.92 crore and almost double (up 1.97 times) the Rs 37.21 crore reported for Q2-2016. The company reported a 22.5 per cent YoY growth in footfalls in the current quarter at 4,49,621 footfalls as compared to 3,67,019 footfalls and 81.2 per cent higher QoQ than the 2,48,123 footfalls in the immediate trailing quarter.

     

    Note:  (1) 100,00,000 = 100 lakh = 10 million = 1 crore

     (2) All numbers in this report are standalone unless stated otherwise

     

    The company’s EBIDTA in Q3-2016 increased 9.3 per cent YoY in the current quarter at Rs 14.78 crore (20.2 per cent margin) as compared to Rs 13.53 crore (19.9 margin) and a negative EBIDTA of Rs 6.26 crore in the immediate trailing quarter.

     

    Let us look at the other numbers reported by Adlabs

     

    Total Expenditure in Q3-2016 increased 9.8 per cent YoY to Rs 82.19 crore (112.3 per cent of TIO) as compared 74.84 crore (110.2 per cent of TIO) and was 26.5 per cent higher QoQ as compared to Rs 64.99 crore (174.7 per cent of TIO).

     

    A major expense head for Adlabs is Employee Benefits Expense (EBE). EBE in Q3-2016 declined 2.3 per cent YoY to Rs 14.06 crore (19.2 per cent of TIO) from Rs 14.39 crore (21.2 per cent of TIO) in Q3-2015, and declined 5.3 per cent QoQ from Rs 14.85 crore (39.9 per cent of TIO).

     

    Loss in the current quarter was higher YoY at Rs 25.2 crore as compared to Rs 22.39 crore, but lower QoQ as compared to Rs 34.73 crore in the immediate trailing quarter.

     

    Segment performance

     

    Five segments contribute to Adlabs revenue. They are: Tickets; Food and Beverages (F&B); Merchandise; Hotel; and Other Operations.

     

    The largest segment, Tickets reported a 10.4 per cent YoY decline in revenue in Q3-2016 at Rs 45.78 crore as compared to Rs 51.09 crore, but an 86.2 per cent QoQ increase as compared to Rs 24.58 crore. The segment reported a higher YoY operating loss at Rs 11.47 crore as compared to an operating loss of Rs 9.41 crore but lower QoQ operating loss as compared to Rs 28.17 crore.

     

    F&B segment reported 35.2 per cent YoY revenue growth at Rs 14.19 crore as compared to Rs 10.50 crore and more than double (2.17 times) QoQ as compared to Rs 6.53 crore. The segment reported a 14.4 per cent YoY growth in operating profit at Rs 4.79 crore as compared to Rs 4.19 crore and was more than triple (3.37 times) QoQ as compared to Rs 1.42 crore.

     

    Adlabs Merchandise segment reported 15.8 per cent higher revenue in Q3-2016 at Rs 6.23 crore as compared to Rs 5.38 crore in the corresponding year ago quarter and was 73 per cent more than the Rs 3.6 crore in the immediate trailing quarter. The segment reported more than double (2.5 times) YoY growth in operating profit at Rs 1.07 crore as compared to Rs 0.43 crore and 21.9 per cent higher QoQ operating profit as compared to Rs 0.88 crore.

     

    The Hotel segment is a new segment hence no comparable YoY numbers are available. QoQ, the segment reported over seven times (7.6 times) growth in revenue to Rs 4.73 crore as compared to Rs 0.62 crore. The segment reported a loss of Rs 1.89 crore in Q3-2016 as compared to a loss of Rs 0.61 crore in Q2-2016.

     

    Other Operations segment reported revenue of Rs 2.26 crore in the current quarter; Rs 0.96 crore in Q3-2015 and Rs 1.88 crore in Q2-2016. The segment reported operating profit of Rs 0.66 crore in Q3-2016, operating loss of Rs 0.45 crore in Q2-2015 and an operating profit of Rs 0.62 crore in Q2-2016.

     

    Company speak

     

    Adlabs CEO Kapil Bagla said, “The footfalls to both parks Imagica and Aquamagica put together in this quarter equals 4.49 lakh vs 3.67 lakh, signifying a growth of 23 per cent on YoY basis. We are also happy to share with you that on 27 December, 2015, we entertained the highest single day footfalls of 14,128 in Imagica. We are extremely enthused by the performance of our Hotel Novotel Imagica for Q3 average occupancy of the hotel stood at a healthy 75 per cent with an average room rate (ARR) of Rs 5,800 plus. The hotel has consistently generated excellent customer feedback and reviews. In December we achieved the milestone or entertaining three million guests in our parks in 2.5 years since the launch of Imagica in 2013, probably the fastest and highest ramp-up of any outdoor destination in the country.”

  • Hindustan Media YoY PAT up 28% on higher ad revenue

    Hindustan Media YoY PAT up 28% on higher ad revenue

    BNEGALURU: A 19 per cent YoY and a 7.8 per cent QoQ increase in advertising revenue ramped up Hindustan Media Ventures Limited (HMVL) total revenue by 28.2 per cent during the quarter ended 30 December, 2015 (Q3-2016, current quarter). The publisher that publishes Hindi newspaper Hindustan, Hindi socio cultural magazineKadambini and children’s Hindi magazine Nandan among others, reported ad revenue of Rs 181.2 crore in Q3-2016 as compared to the Rs 152.2 crore in Q3-2015 and Rs 168.2 crore  in Q2-2016.

     

    HMVL total revenue in the current quarter increased to Rs 251.6 crore, 12.8 per cent more YoY than the Rs 223 crore and 2.3 per cent more QoQ than Rs 245.9 crore. The company’s PAT in the current quarter increased 28.2 per cent (18.6 per cent margin) YoY to Rs 46.9 crore (16.4 per cent margin) as compared to Rs 36.6 crore and was 4.1 per cent more QoQ than Rs 45 crore (18.3 per cent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Circulation revenue in Q3-2016 increased 6.3 per cent YOY to Rs 54.2 crore as compared to Rs 51 crore and increased 1.5 per cent as compared to Rs 53.4 crore.

     

    HMVL EBIDTA in the current quarter increased 26.8 per cent YoY to Rs 71.2 crore (28.3 per cent margin) as compared to Rs 56.2 crore (25.2 per cent margin) and was almost flat (0.2 per cent higher QoQ) as compared to Rs 71.1 crore (28.9 per cent margin).

     

    Total Expenditure in the current quarter increased eight per cent to Rs 180.3 crore as compared to the Rs 166.8 crore in Q3-2015 and was almost flat QoQ as compared to Rs 180.2 crore.

     

    Cost of raw materials consumed increased 3.4 per cent YoY to Rs 89.6 crore as compared to Rs 86.7 crore and was 4.5 per cent more QoQ than  Rs 85.75.

     

    Employee Benefit Expense (EBE) increased 25.3 per cent YOY to Rs 31.2 crore as compared to Rs 24.9 crore and was 4.3 per cent higher than the Rs Rs 29.88 crore in Q2-2016.

     

    Company speak

     

    HMVL chairperson Shobana Bhartia said, “We are pleased to report another quarter where our revenue growth was faster than the industry’s. Growth was powered by a good festive season that fuelled advertising spends across most sectors, state elections in Bihar as well as our internal initiatives. Benign raw material prices and operational efficiencies contributed to higher profitability. We continue to build on the momentum of the previous quarters, strengthening our presence in Uttar Pradesh and Uttarakhand while retaining our dominant market position in Bihar and Jharkhand. We are confident that the steps we are taking to move to the next level of growth will continue to deliver value to our shareholders.”

  • Hindustan Media YoY PAT up 28% on higher ad revenue

    Hindustan Media YoY PAT up 28% on higher ad revenue

    BNEGALURU: A 19 per cent YoY and a 7.8 per cent QoQ increase in advertising revenue ramped up Hindustan Media Ventures Limited (HMVL) total revenue by 28.2 per cent during the quarter ended 30 December, 2015 (Q3-2016, current quarter). The publisher that publishes Hindi newspaper Hindustan, Hindi socio cultural magazineKadambini and children’s Hindi magazine Nandan among others, reported ad revenue of Rs 181.2 crore in Q3-2016 as compared to the Rs 152.2 crore in Q3-2015 and Rs 168.2 crore  in Q2-2016.

     

    HMVL total revenue in the current quarter increased to Rs 251.6 crore, 12.8 per cent more YoY than the Rs 223 crore and 2.3 per cent more QoQ than Rs 245.9 crore. The company’s PAT in the current quarter increased 28.2 per cent (18.6 per cent margin) YoY to Rs 46.9 crore (16.4 per cent margin) as compared to Rs 36.6 crore and was 4.1 per cent more QoQ than Rs 45 crore (18.3 per cent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Circulation revenue in Q3-2016 increased 6.3 per cent YOY to Rs 54.2 crore as compared to Rs 51 crore and increased 1.5 per cent as compared to Rs 53.4 crore.

     

    HMVL EBIDTA in the current quarter increased 26.8 per cent YoY to Rs 71.2 crore (28.3 per cent margin) as compared to Rs 56.2 crore (25.2 per cent margin) and was almost flat (0.2 per cent higher QoQ) as compared to Rs 71.1 crore (28.9 per cent margin).

     

    Total Expenditure in the current quarter increased eight per cent to Rs 180.3 crore as compared to the Rs 166.8 crore in Q3-2015 and was almost flat QoQ as compared to Rs 180.2 crore.

     

    Cost of raw materials consumed increased 3.4 per cent YoY to Rs 89.6 crore as compared to Rs 86.7 crore and was 4.5 per cent more QoQ than  Rs 85.75.

     

    Employee Benefit Expense (EBE) increased 25.3 per cent YOY to Rs 31.2 crore as compared to Rs 24.9 crore and was 4.3 per cent higher than the Rs Rs 29.88 crore in Q2-2016.

     

    Company speak

     

    HMVL chairperson Shobana Bhartia said, “We are pleased to report another quarter where our revenue growth was faster than the industry’s. Growth was powered by a good festive season that fuelled advertising spends across most sectors, state elections in Bihar as well as our internal initiatives. Benign raw material prices and operational efficiencies contributed to higher profitability. We continue to build on the momentum of the previous quarters, strengthening our presence in Uttar Pradesh and Uttarakhand while retaining our dominant market position in Bihar and Jharkhand. We are confident that the steps we are taking to move to the next level of growth will continue to deliver value to our shareholders.”