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Goafest: Of Then and Now

Published

14 years ago

February 11, 2012

indiantelevision.com Team

Goafest: Of Then and Now

Leo Burnett chairman and CEO, India sub-continent and Goafest Committee chairman

By ARVIND SHARMA

(11 february 2012)

I was fortunate enough to be the Chairman of the Goafest Committee in the founding year- 2006. We envisioned it as a platform for celebrating Indian advertising creativity and for the Indian advertising talent- young and not so young- to rub shoulders with the best in the world, exchange ideas, grow and become the best in the world.

We wanted to make the festival accessible to youngsters and to that end we put together a special package for under-30’s. We were immensely pleased on the launch day of Goafest when we found that more than 800 delegates had chosen to travel and attend the festival. There were people who had already registered and many more who had just turned up at the venue to register and be a part of the event.

Over the last six years, the quality of the event has been improving each year from the event organisation point of view. 2008 was a significant year. Ad Club Bombay came on board and Abbies at Goafest became the definitive awards of the industry. Last year, International Advertising Association used Goafest as a platform for launching the Olive Crown Awards. Advertising Standards Council of India (ASCI) used it to reach out to the industry to spread its self-regulation message wider. In that sense Goafest has evolved into an industry event, finding relevance amongst every person who is involved in advertising.

Learning is a continuous process. There were occassions when Goafest was criticised for the way it ran the vital Award shows. And there were others where delegates expressed a desire for better speakers and seminars. What is important, though, is that we learnt quickly and made the next year better. And that we succeeded in staying true to the original vision of Goafest – celebrating advertising creativity and providing a platform for the advertising industry to get together and exchange ideas about our creative business.

Goafest 2011 was by far the biggest and most successful year yet with nearly 3000 delegates, 80 sessions and discussions held over a period of five days. The Conclave saw participation of over 250 senior marketing and advertising practitioners from across the country. On the awards front, there was tremendous participation from over 140 organisations with over 4000 entries.

This year while staying true to the Goafest vision, we plan to focus on ‘The Magic of Ideas’. What we do in our business is really magical. It takes serious investments, meticulous planning and complex operations for clients to put out their products and services to consumers. Sometimes consumers embrace them and sometimes they ignore them. Often the difference is in the power of ideas they use to connect with the consumers. Some ideas succeed magically. They can come from anywhere. It is important to recognise them, embrace them and celebrate them.

This year Goafest has opened its doors to all its South Asian neighbours including Pakistan, Sri Lanka, Nepal and Bangladesh. The response that we have received has been extremely enthusiastic and it presents a great opportunity for the entire South Asian marketing and advertising fraternity to exchange ideas, perspectives and experiences for our greater collective progress.

Another exciting aspect is the strong client participation that we are expecting this year. It is our strong belief that for clients to pick the best creative solutions for their marketing challenges, they have to be deeply engaged with the phenomena called creativity. We believe that Goafest 2012 will provide a great platform for the advertising and marketing fraternity to come together. The Goafest Committee is also looking forward to young client delegates in large numbers by offering a special package for under-30 marketers.

Goafest has also taken a conscious step to acknowledge what’s over the horizon. And all of us know what is over the horizon- a far more diverse media environment. The rate at which new media are catching up with the traditional ones poses interesting new challenges. This year we will be awarding nine Grand Prix. There will be Grand Prix for Out-of-home & Ambient, Design, Interactive Digital, Direct and Media. These are in addition to TV &Film, Radio and Integrated Advertising. We believe that this step of extending the Grand Prix to wider number of categories will encourage many more specialist agencies to come forward with their work.

The theme for the Conclave this year is ‘Ideas for impacting the full circle’. The ultimate objective of this conclave will be to help gear up the industry for opportunities that lie ahead. We are expecting participation of global leaders from marketing as well as the major communication groups.

I look forward to seeing you there on April 20th and 21st at the Zuri White Sands. Goa here we come!

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Innocean renews global media partnership with Havas

Published

1 week ago

February 6, 2026

indiantelevision.com Team

MUMBAI: Innocean has renewed its global media partnership with Havas Media Network following an internal review across Hyundai Motor Group brands.
The renewed mandate spans Hyundai, Kia and Genesis across Europe, the Middle East, Asia Pacific and Latin America. The work will be coordinated with Innocean’s international teams in Seoul, Frankfurt, Dubai, New Delhi and Jakarta.

The refreshed alliance is designed with a sharper focus on data and technology, aiming to connect the dots across customer acquisition, conversion and retention as the Group’s global audience continues to diversify.

Innocean head of global business Steve Jun, said the extension reflects a shared push for stronger, data-led media performance across key markets. He added that the partnership would focus on creating more connected and effective customer experiences for Hyundai Motor Group brands.

Havas Media Network global CEO Peter Mears, described the relationship as one built on innovation and global scale. He said the next phase would lean on the network’s Converged.AI platform to deliver seamless, data-driven media experiences and drive business outcomes for the automotive brands.

The renewed partnership officially commenced in January 2026.

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Dentsu ad report 2026 flags digital dominance as retail media soars

Published

2 weeks ago

February 4, 2026

indiantelevision.com Team

INDIA: India’s advertising industry is entering a new phase of structural transformation, with digital media now the central growth engine, according to the Dentsu digital advertising report 2026.

Total advertising spends closed 2025 at Rs 1.21 lakh crore, up 8.3 per cent year on year, and are projected to reach Rs 1.40 lakh crore by 2027, implying a compound annual growth rate of over 7 per cent.

Digital advertising accounted for Rs 71,621 crore in 2025, representing 59 per cent of total spends. By 2027, digital’s share is expected to rise to around 70 per cent, with spends nearing Rs 98,034 crore.

The report stresses that this is no longer a temporary shift but a permanent rebalancing of advertising priorities, driven by mobile-first consumption, short-form video, creator ecosystems, embedded commerce and AI-led optimisation.

Retail media has emerged as the fastest-growing segment, with ad spends on e-retail platforms reaching Rs 17,601 crore in 2025: a surge of nearly 56 per cent year on year. Retail platforms are evolving into full-funnel media ecosystems, linking storytelling directly with purchase outcomes through first-party data.

Within digital formats, social media leads with a 29 per cent share, closely followed by online video at 28 per cent, while paid search contributes 23 per cent. Online video is expected to overtake social as the largest digital format over the next two years.

Programmatic buying now accounts for 42 per cent of digital spends, exceeding Rs 30,000 crore, and is increasingly becoming the default media operating layer across video, connected TV and retail platforms.

FMCG remains the largest advertising category at 30 per cent of total spends, followed by e-commerce at 18 per cent, which also recorded the fastest growth.

Dentsu South Asia chief executive Harsha Razdan said the most meaningful industry shift has been in how consumers consciously allocate attention.

Dentsu South Asia president and chief strategy officer Narayan Devanathan, added that the next growth phase will belong to organisations that successfully integrate creativity, data, media and technology.

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Publicis Groupe posts strong revenue as AI drives demand

Published

2 weeks ago

February 3, 2026

indiantelevision.com Team

PARIS: Publicis Groupe is laughing all the way to the bank whilst its rivals scramble to catch up. The French advertising colossus reported full-year 2025 net revenue of €14.5bn, marking its sixth consecutive year of outperforming the industry. Organic growth hit 5.6 per cent, accelerating past its five-year compound annual growth rate of 5.0 per cent.

The secret sauce? Artificial intelligence-powered products and services, which contributed roughly 300 basis points to growth. Arthur Sadoun, chairman and chief executive, has staked Publicis’s future on becoming clients’ “most valuable partner” for what the firm calls “agentic business transformation”—essentially helping companies build enterprise-grade AI solutions that actually make money.

The fourth quarter proved particularly robust, with organic growth of 5.9 per cent despite tougher comparisons. Connected media, which accounts for 60 per cent of the business, surged with high-single-digit growth. Creative and production services delivered mid-single-digit expansion. Only the technology consulting arm stumbled, finishing nearly flat for the year as clients adopted a “wait-and-see” attitude—a malaise afflicting all IT consulting firms.

Geography tells a tale of American dominance. The United States, representing 57 per cent of group revenue, grew 5.2 per cent organically for the year, cementing Publicis’s position as the market leader. Europe managed 4.2 per cent growth, whilst Asia-Pacific posted 5.8 per cent, with China impressing at 6.0 per cent. The most dramatic expansions came from emerging markets: Latin America roared ahead at 18.7 per cent, whilst Middle East and Africa surged 10.8 per cent.

Operating margin improved to 18.2 per cent from 18.0 per cent, delivering 50 basis points of operating leverage. Crucially, Publicis reinvested 30 basis points—totalling 230 basis points overall—into AI capabilities, talent upgrades and new business development. The remaining 20 basis points flowed straight to the bottom line. Michel-Alain Proch, chief financial officer, called it “the highest operating margin in the industry”.

Free cash flow before working capital changes reached €2.03bn, up 10.6 per cent from an already-record 2024. The firm deployed roughly €1bn on bolt-on acquisitions targeting identity resolution, pharmaceuticals, influencer marketing and sports marketing. Client retention remained stellar at 98 per cent for top-100 clients, whilst new business wins exceeded $8bn.

Headline earnings per share climbed 6.6 per cent at constant currency to €7.48. In dollar terms—increasingly relevant given Publicis’s American dominance—EPS rose 7.0 per cent to $8.45. The board proposed a dividend of €3.75 per share, up 4.2 per cent, representing a payout ratio of 50.1 per cent, which Publicis claims is the highest in the industry.

The financial fortress looks impregnable. Net debt turned into net cash of €548m by year-end, down from net cash of €775m the previous year after funding acquisitions. The firm maintains €2bn in undrawn committed credit facilities and €4bn in cash and marketable securities. Average net debt to EBITDA stood at a negligible 1.0 times.

Industry sectors showed divergent fortunes. Consumer goods clients increased spending by 20 per cent, whilst automotive rose 14 per cent and financial services climbed 11 per cent. Technology clients, however, cut budgets by 7 per cent, and telecommunications spending dropped 2 per cent.

Publicis’s AI strategy extends beyond client services to internal transformation. The firm is “agentifying” processes using AI agents, equipping all 100,000-plus employees with AI tools through its Marcel learning platform. The goal: make everyone “AI-fluent” whilst boosting productivity and results. The company reckons AI-powered capabilities grew 20 per cent organically in 2025.

Looking ahead, Publicis guided for 2026 organic growth of 4.0 to 5.0 per cent—marking a potential seventh consecutive year of industry outperformance. Operating margin should tick “slightly” higher from the already-elevated 18.2 per cent whilst maintaining “high levels” of investment. Free cash flow is targeted at roughly €2.1bn, based on an exchange rate assumption of €1.20 to the dollar, earmarked for dividends, maintaining a stable share count and more bolt-on acquisitions.

The firm’s longer-term ambitions border on audaciousness. Management projects annual net revenue growth of 6.0 to 7.0 per cent and earnings-per-share expansion of 7.0 to 9.0 per cent, both at constant currency. The logic: AI is fragmenting the marketing landscape, with no top client spending more than 4.0 per cent of budget on any single platform. Publicis reckons its “unique connective tissue” positions it perfectly to orchestrate this complexity.

The advertising world has witnessed a decade-long reshaping. Since 2017, when Publicis began its data and technology pivot, the firm has invested €14bn integrating capabilities whilst rivals dithered. That first-mover advantage in AI has compounded. Publicis now claims the number-one position in global media billings, including in the crucial American and Chinese markets. Its market capitalisation exceeds the combined value of its next two competitors.

Yet competition is heating up as everyone piles into AI. Omnicom’s proposed merger with IPG would create a formidable rival. Technology giants are muscling into advertising with their own AI platforms. And clients are becoming more sophisticated, building in-house capabilities and squeezing agency margins.

Publicis is betting the farm that complexity favours the orchestrator. As marketing technology proliferates and AI agents multiply, companies will need partners who can connect the dots. Whether that vision proves prescient or hubris will determine if Sadoun’s transformation becomes a case study in strategic brilliance or just another expensive pivot that failed to justify its price tag. For now, though, the numbers suggest Publicis is winning the AI arms race in adland—and widening the gap with every quarter.