Tag: Adlabs Entertainment Limited

  • Imagica unveils its brand new positioning as ‘India’s Biggest Amazement Park – There’s nothing else like it!’

    Imagica unveils its brand new positioning as ‘India’s Biggest Amazement Park – There’s nothing else like it!’

    Mumbai: Encompassing over 100 world-class entertainment experiences, Imagica is set to own the space, as ‘India’s Biggest Amazement Park’. Via this new, differentiated brand positioning and supporting campaign, Imagica aims to break through the clutter by not only going beyond the concept of amusement, carving a niche for itself but also redefining and extending the scope of the existing ‘amusement park’ category definition prevalent in India.

    The new brand campaign has been ideated and conceptualized to bring out Imagica’s extensive entertainment offerings. Extending beyond the thrills rides and thematic shows, a day at Imagica would also include high-energy acrobatic stunts, interactive dance performances, carnival akin character parade, street magic and lots more, fulfilling the promise that every guest stays entertained and amazed.

    Emulating all of Imagica’s ‘amazing’ entertainment and vibrancy will be a young, dynamic, fictional character with a quirky personality- Doc. M. A. Zing. As the face and voice of the brand campaign, Imagica’s key, young target audience will easily relate to him.

    The Media marketing mix is also a derivative of Imagica’s consumer segmentation which comprises mainly of on-the-go, media savvy ‘Young Adults’. Given their strong inclination towards being outdoors and heavy presence on social media, 80% marketing spends have been apportioned towards Out-of-Home (55%) and Digital (25%).

    The never before and key innovative route leveraged, for the campaign are a set of customized, ‘Youtube Pre-Roll Ads’. Since customer interests on the digital world are varied, these ads call out the customer’s specific search or interest term like “movies”, “music” or “standup comedy”, and then go on to show Imagica’s amazing offerings.

    Elaborating more, Raveendra Singh, Head of Marketing, Sales & Strategy, Adlabs Entertainment Limited said, “Imagica has been relentlessly pushing the envelope each year to pleasantly surprise guests with its unique offerings. This has translated into a strong intent to sustain as well as keep increasing the entertainment quotient that leaves guests with a sense of amazement. Decision to therefore embrace the new brand positioning as India’s Biggest Amazement Park, has been simple and effortless. From brand strategy standpoint, the campaign treatment approach applied is also truly innovative with the brand now having a voice of its own in the form of Dr.M.A.Zing.” Continuing on, he said “To take the amazement concept a step forward, we have also re-evaluated our pricing strategy. We are offering guests access to this unparalleled entertainment universe at charming pricing of INR 999 onwards every-day, all through the festive season.”

    Joy Ghosal, Co-Founder and Head – Creative Strategy, Marching Ants, added “In today's world where all parks are seen or treated equally, our objective was to create a superlative proposition deserving of Imagica's scale, size and experiential superiority as a communication context to the consumer. The key proposition was articulated using the tangible superiorities of Imagica by coining a new term in the category which was "India's Biggest Amazement Park". This was derived out of consumer speak who termed their experience at Imagica as always amazing. With this in mind we created the character Doc. M.A.Zing – a quirky 'scientist of fun'. Through short films, this character narrates Imagica's amazing story of largeness, fun and exhilaration and finally calls out the Rs.999 price point.”

    Speaking more on the creative content route, he said “To further go down the path of disruption, we got onto the most used platform in the digital world – Youtube & Facebook and decided to create an element of surprise just before the audience got to see what they wanted. We created contextual Youtube videos that played just before the audience's desired video. These ads emphasized on how routine means of enjoyment are boring and it can only be 'healed' by Doc.M.A.Zing's recommendation of amazement viz., Imagica.”

  • 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.”

  • HY-2016: Adlabs footfalls doubles; EBIDTA more than quadruples

    HY-2016: Adlabs footfalls doubles; EBIDTA more than quadruples

    BENGALURU: Adlabs Entertainment Limited (Adlabs) reported almost double (increased by 98.2 per cent) the footfalls at its two theme parks Adlabs Imagica and Adlabs Aquamagica-Water Park for the half-year ended 30 September, 2015 (HY-2016, current half-year) at 7.87 lakh as compared to 3.97 lakh in the corresponding year ago half-year.

     

    Footfalls in the quarter ended 30 September, 2015 (Q2-2016, current quarter) increased 14.8 per cent YoY to 2.48 lakh from 21.6 lakh in Q2-2015, but were more than half (declined 54 per cent) from the 5.39 lakh in the immediate trailing quarter. The company says numbers have been affected due to the closures of the Mumbai-Pune Expressway because of landslides in August and September 2015.

     

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

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

     

    Buoyed by the numbers reported during Q1-2016 (quarter ended 30 June, 2016, immediate trailing quarter, previous quarter) or the school and college holiday season, Earnings before interest, depreciation and amortisation and taxes (EBIDTA) more than quadrupled (4.28 times) in HY-2016 to Rs 18.48 crore (15.1 per cent margin) as compared to the Rs 4.31 crore (six per cent margin) in HY-2015. EBIDTA in Q2-2016 was negative Rs 6.26 crore as compared to the Rs 3.54 crore (9.9 per cent margin) in Q2-2015 and the Rs 24.73 crore (29.1 per cent margin) in Q1-2015.

     

    Adlabs CEO Kapil Bagla said, “The highlight of Q2-2016 was the launch of our Hotel Novotel Imagica with 116 rooms. The hotel has got off to a great start with an average occupancy rate of 77 per cent and a huge pent up demand for this product. We see a healthy mix of corporate and leisure customers at our property and the feedback from customers who have stayed at the Novotel has been very encouraging.”

     

    “We were impacted by the disruption and closure of Mumbai-Pune Expressway due to recurring landslides in the months of August and September. The Expressway is our primary connectivity to the Park. The historical trend is that we achieve 60-62 per cent of our annual footfalls in the second half, so we feel; that Q3 and Q4 will be extremely good quarters for us,” added Bagla.

     

    Let us look at the other numbers reported by Adlabs:

     

    Adlabs revenue in HY-2016 increased 69.6 per cent to Rs 122.22 crore as compared to the Rs 72.07 crore in the corresponding half-year of last year. For Q2-2016, the company reported 4.2 per cent YoY growth in revenue to Rs 37.21 crore as compared to the Rs 35.71 crore in Q2-2015, but a 56.2 per cent decline from the Rs 85.01 crore in the immediate trailing quarter.

     

    Total Expenditure (TE) in HY-2016 increased 38.4 per cent to Rs 146.03 crore (119.5 per cent of TIO) as compared to the Rs 105.53 crore (146.4 per cent of TIO) in HY-2015. TE in Q2-2015 increased 28.5 per cent YoY to Rs 64.99 crore (174.7 per cent of TIO) from Rs 50.56 crore (141.6 per cent of TIO), but declined 19.8 per cent QoQ from Rs 81.05 crore (953 per cent of TIO).

    A major expense head for Adlabs is Employee Benefits Expense (EBE). EBE in HY-2016 increased 48 per cent to Rs 30.32 crore (24.8 per cent of TIO) as compared to the Rs 20.49 crore (28.4 per cent of TIO) in HY-2015. EBE in Q2-2016 increased 56.9 per cent YoY to Rs 14.85 crore (39.9 per cent of TIO) from Rs 9.46 crore (26.5 per cent of TIO) in Q2-2015, but declined four per cent QoQ from Rs 15.47 crore (18.2 per cent of TIO).

     

    Adlabs loss in HY-2016 reduced to Rs 49.45 crore as compared to the Rs 53.61 crore in the corresponding year ago period. Loss in the current quarter however, was higher at Rs 34.73 crore than the loss of Rs 24.94 crore in Q2-2015 and the loss of Rs 14.81 crore in the immediate trailing quarter.

  • Adlabs Imagica Launches Nitro- Indias First Floorless Roller coaster

    Adlabs Imagica Launches Nitro- Indias First Floorless Roller coaster

    Redefining the meaning of an adrenaline rush, Adlabs Imagica launches its latest attraction, Nitro- India’s first “floorless” roller coaster. Nitro combines cutting edge coaster technology with a unique blend of twists, speed and free-flight experience. Travelling at a racing speed, the coaster gives you a sense of thrill with the feel of flying and being suspended mid-air. This unique coaster is designed to simulate a “flying chair”, giving every passenger a virtual front-row view through five inversions that include high speed banked turns, a dive loop and interlocked corkscrews.

     

    Designed & engineered by Bolliger & Mabillard of Monthey, Switzerland, one of the leading manufacturers of roller coasters worldwide, this coaster is going to give all the coasters across the country a run for its money.

     

    Talking about the launch of Nitro, Aarti Shetty, Creative Director at Adlabs Entertainment Limited said, “We have always strived to create experiences that one has never had in India before. Nitro is one of our key and most awaited attractions in the park, taking thrill to an all new level. It is one of my favorite rides and I am sure people will thoroughly enjoy and appreciate this beast of a coaster. The launch of Nitro is a big milestone for Adlabs Imagica as the park is now officially complete with all the rides fully operational. All our 21 attractions are now available for our guests to experience. Adlabs Imagica has been incorporated with a vision to set up India’s largest family entertainment theme park and we continue to get the best international experiences for our visitors.”
    Now with all its 21 attractions, 5 restaurants and the entire entertainment experience ready in full swing, Adlabs Imagica is redefining the theme park experience, taking entertainment to a new high!