ITV

Tag: Hindustan

  • Hindustan Coca-Cola Beverages names Juan Pablo Rodriguez as its new CEO

    Hindustan Coca-Cola Beverages names Juan Pablo Rodriguez as its new CEO

    Mumbai: Hindustan Coca-Cola Beverages (HCCB) has announced Juan Pablo Rodriguez as the new general manager and chief executive officer for HCCB.

    Rodriguez, currently the chief commercial officer for the Bottling Investments Group (BIG), will take over from current chairman and CEO Neeraj Garg, who is retiring in 2022. The transition will begin in September 2022.

    “In the last two years, Juan Pablo has led the BIG Commercial team in achieving significant growth ambitions, transforming our channel strategy, and ensuring we continue to win in the market through capability-building and portfolio innovation. He is a 22-year veteran of the Coca-Cola system with a proven track record of leading teams and driving sustainable growth across markets,” HCCB said in a statement.

    Neeraj Garg took over the responsibility of HCCB in 2020 and has played a significant role in continuing the growth story of the company, including delivering some of the best financial results ever, stated the company.

    “Throughout his career, Neeraj has brought to life his passion for people development by being an active mentor for talent across The Coca-Cola Company,” BIG president (The Coca-Cola Company) Murat Ozgel said. “He has played a key role in championing strong end-to-end business management capabilities in teams and growing talent across markets. I would like to thank him for his contributions to the HCCB team over the last couple of years. He will leave behind a strong legacy.”

  • Delhi HC stays PCI’s order regarding ad in Hindustan newspaper

    Delhi HC stays PCI’s order regarding ad in Hindustan newspaper

    New Delhi: The Delhi high court stayed a directive passed by the Press Council of India (PCI) to government departments, which had effectively stopped government advertisements in some editions of the Hindi daily, Hindustan.

    The directions were passed by the court while hearing a plea filed by Hindustan Media Ventures Ltd, which had challenged the PCI’s order, Live Law reported.

    On 22 January, PCI had “censured” Hindustan newspaper stating that it had not clarified that a certain content printed in its Dehradun edition was an advertisement, as required by the norms of journalistic conduct framed by it. PCI also communicated the order to various governmental advertising agencies including the DAVP and sought an `action taken report’.

    The counsel for Hindustan argued before the court, that even though the word ‘advt’ does appear in very small font size and print in the advertisement, the impugned order and the communication of the Press Council has, in effect, barred all government agencies from placing advertisements in the said newspaper. He also submitted that PCI’s order was "beyond the powers contemplated under Section 14 of the Press Council Act and was also arbitrary.”

    After analysing the order, the court was of the opinion that it indeed gave the impression that government agencies cannot place any advertisements in the said newspapers, even though no such direction was part of the order. Therefore, it decided to stay the PCI’s order communicated to all government departments on 28 January to take action and submit the action taken report.

    It further stated that the ramifications of the impugned communication can be quite detrimental to the financial health of the publication, if all government advertising is directed to be stopped due to an order of `censure’ passed by the Press Council.

    The case was adjourned for next hearing on 22 April.
     

  • 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.”

  • ABP news & Hindustan gear up for upcoming action in Hindi belt

    ABP news & Hindustan gear up for upcoming action in Hindi belt

    MUMBAI: What happens when two giants of Hindi news come together….What happens when the face of Hindi television news joins hands with the face of Hindi print media. What happens when this amalgamation happens in the Hindi heartland of UP and Bihar? The Political environment heats up further in the Cow belt where Bihar is going into elections from next month, while UP perpetually continues to be a high stake state given its size and place in Indian politics.

     

    Two most credible names in Hindi News, ABP NEWS and HINDUSTAN have come together to raise questions in the states of UP and BIHAR with their programmes, ABP News KAUN BANEGA MUKHYAMANTRI (KBM) and HINDUSTAN’s HINDUSTAN SHIKHAR SAMAGAM.

     

    ABP News Kaun Banega Mukhyamantri is the Highest Election Recall Programme in the country with the highest viewership. KBM aims at giving all the viewers holistic information about the state elections including various offerings like debates from various constituencies, opinion polls, exit polls, polling & counting day special etc. The programme will also have consumer connect with voters through on-ground activation in multiple cities, mini polls etc.

     

    The Hindustan Shikhar Samagam is set to convene on September 26th in Lucknow with its theme– Hindustan ki tarakki ka naya daur. This platform will have more than 300 distinguished guests from Politics, Bureaucracy, Industry, Public Life, Sports, Academia and Entertainment world. The galaxy of speakers include Akhilesh Yadav, Raj Nath Singh, Nitin Gadkari, Smriti Irani, Virendra Sehwag, Gautam Gambhir, Rajeev Shukla, Javed Akhtar, Shabana Azmi, Kangana Ranaut, Irrfan Khan and Amish Tripathi.

     

    Going beyond the regular tie ups of news organisations, this is one of the biggest CONTENT and MARKETING tie up in recent times.  A multi-media campaign consisting of TV, Print, outdoor and digital platforms will take this tie up to new levels. Hindustan’s property, Hindustan Shikhar Samagam will be telecast Live on ABP news channel with some of its mainstream anchors like Dibang, Kishor Ajwani and Abhisar Sharma hosting a few sessions. The Samagam will be available Live through video streaming on www.livehindustan.com as well as on www.abplive.in , the digital platform of ABP News Network.

     

    Hindustan will be the official print partner for KBM where one editorial representative from Hindustan will be part of the ABP News panel for all public debates, opinion polls, exit polls, counting day coverage and all election related analysis and the content will get leveraged in their Bihar edition.  Hindustan will also have the first right of information for polls results over others.

  • Q3-2015: HMVL reports higher ad, circulation revenue

    Q3-2015: HMVL reports higher ad, circulation revenue

    BENGALURU: Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ publishers Hindustan Media Ventures Limited (HMVL – not to be confused with HT Media Limited of Hindustan Times, Mint and Fever FM fame) reported a 9.7 per cent growth in Income from operations (TIO) at Rs 206.87 crore as compared to the Rs 188.65 crore in Q3-2014 and 3.7 per cent more than the Rs 199.54 crore in Q2-2015.

     

    For 9M-2015, TIO at Rs 616.49 crore was 12.9 per cent more than the Rs 545.84 crore in Q2-2015. The company’s Total Revenue grew 12.1 per cent in Q3-2015 to Rs 223 crore from Rs 199 crore during the year ago quarter.

     

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

     

    The company says that y-o-y advertising revenue grew 10.7 per cent to Rs 152.2 crore in Q3-2015 from Rs 137.5 crore in Q3-2014 and circulation revenue grew 11.1 per cent to Rs 51 crore from Rs 45.9 crore in Q3-2014. Other revenue grew 26.9 per cent to Rs 19.8 crore in Q3-2015 from Rs 15.6 crore in Q3-2014.

     

    HMVL’s PAT in the current quarter at Rs 36.58 crore (17.7 per cent of TIO) was 16.3 per cent more than the Rs 31.46 crore in Q2-2015 and 27.1 per cent more than the Rs 28.79 crore ( 15.3 per cent of TIO) in Q3-2014. PAT in 9M-2015 at Rs 101.92 crore (16.5 per cent of TIO) was 21.3 per cent more than the Rs 84 crore (15.4 per cent of TIO) in 9M-2014.

     

    Let us look at the other figures reported by HMVL:

     

    The company’s total expenditure (TE) in Q3-2015 at Rs 172.91 crore (83.6 per cent of TIO) was up 3.6 per cent from Rs 166.88 crore (83.6 per cent of TIO) in Q2-2015 and was 9.9 per cent more than the Rs 157.3 crore (83.4 per cent of TIO) in Q3-2014. For 9M-2015, HMVL has reported 15.4 per cent higher TE at Rs 513.11 crore (83.2 per cent of TIO) versus Rs 444.46 crore (81.4 per cent of TIO) in 9M-2014.

     

    A major component of HMVL’s TE is cost of raw materials (RM). In Q3-2015, HMVL’s RM cost at Rs 86.69 crore (50.1 per cent of TE) was 2.3 per cent more than the Rs 84.8 crore (54.9 per cent of TE) in Q2-2015 and was 7.3 per cent more than the Rs 80.63 crore (51.3 per cent of TE) in Q3-2014. 9M-2015 RM cost at Rs 258.26 crore (50.3 per cent of TE) was 17.6 per cent more than the Rs 219.68 crore (50.3 per cent of TE) in 9M-2014.

     

    The company’s employee cost in Q3-2015 at Rs 24.87 crore (14.4 per cent of TE) was 3.5 per cent less than the Rs 25.77 crore (15.4 per cent of TIO) and was 14.1 per cent more than the Rs 21.80 crore (13.9 per cent of TE) in Q3-2014. Its 9M-2015, employee cost at Rs 80.28 crore (15.6 per cent of TE) was 23.8 per cent more than the Rs 64.63 crore (14.6 per cent of TE) in 9M-2014.

     

    HMVL chairperson Shobhana Bhartia said, “We are pleased to report another quarter of revenue growth and higher profitability on the back of lower raw material costs. After establishing ourselves as a strong player in Uttar Pradesh and Uttarakhand while retaining our dominance in Bihar and Jharkhand, we are now focusing on operational efficiencies to ensure revenue growth is also accompanied by profit growth. We derive confidence from our performance and we will continue to strive to deliver value to our shareholders.”