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Tag: Homeshop18

  • Network18 reports improved numbers for Q2 FY19

    Network18 reports improved numbers for Q2 FY19

    BENGALURU: Mukesh Dhirubhai Ambani’s media arm, Network18, reported improved numbers for the quarter ended 30 September 2018 (Q2 2019, quarter under review) as compared to the corresponding year ago quarter Q2 2018). The company reported 9 per cent y-o-y growth in consolidated revenue for Q2 2019 at Rs 1,237 crore as compared to Rs 1,138 crore in Q2 2018. Network18 reported a lower loss of Rs 68 crore in the quarter under review as compared to Rs 71 crore in the corresponding year ago quarter. Consolidated operating EBITDA increased 59 per cent y-o-y to Rs 92 crore in Q 2019 from Rs 58 crore in Q2 2018.

    Network18’s numbers comprise numbers from its publically listed subsidiary TV18 Broadcast Ltd and from NW18 digital, print and others.

    TV18 Broadcast numbers

    TV18 consolidated revenue of Rs 1,118 crore in Q2 2019 was 11 per cent higher y-o-y than Rs 1,084 crore in Q 2018. TV18 consolidated operating EBITDA for Q2 2019 increased 42 per cent y-o-y to Rs 108 crore from Rs 76 crore in Q 2018

    Revenue growth in Q2 2019 was across all revenue streams. The company’s operating revenue from business and general news (TV18 standalone) increased 26 per cent y-o-y to Rs 200 crore from Rs 159 crore. The segment’s operating EBITDA increased 10 per cent y-o-y in Q2 2019 to Rs 31 crore from Rs 28 crore. Regional news ex-Lokmat including entertainment operating revenue during the quarter under review increased 36 per cent y-o-y to Rs 95 crore from Rs 70 crore. The segment reported a substantially lower loss of Rs 8 crore for Q2 2019 as compared to Rs 28 crore for Q2 2018.The entertainment segment (Viacom18 and Indiacast) saw a 6 per cent y-o-y increase in revenue to Rs 903 crore in Q2 2019 from Rs 855 crore. Operating profit of the entertainment segment increased 12 per cent y-o-y to Rs 85 core from Rs 76 core.

    NW18 digital, print and others numbers

    NW18 digital, print and others (NW18) revenue declined 28 per cent y-o-y to Rs 39 crore from Rs 54 crore. NW18 operating EBITDA was a lower loss of Rs 16 crore as compared to a loss of Rs 18 crore.

    Company speak

    Chairman of Network18, Adil Zainulbhai said: “Our regional properties across news and entertainment have shown significant improvements in viewership and monetisation, cementing our belief that vernacular content will be a key growth driver. We continue to see opportunities in the Indian media space; and aim to create segmented offerings to deepen our presence.”

    In the TV18 media release, Zainulbhai said, “TV18’s investments into regional have served to diversify our portfolio and reduce dependence on national markets. Our rising viewership in regional channels across both news and entertainment has been the primary driver this quarter. We shall continue to invest in the broadcasting space to capture growth opportunities.”

    Notes:

    Viacom18 and  Indiacast became subsidiaries of TV18 from 28 February 2018 and have been consolidated into TV18/Network18 financials from 1 March 2018. HomeShop18 has ceased to be a subsidiary of Network18 from 15 February 2018 as a result of its acquisition of ShopCJ through a share-swap.

  • Teleshopping market sees growth ahead

    Teleshopping market sees growth ahead

    MUMBAI: Since the inception of television home shopping industry in India in the 90s, it has come a long way as compared to the time when the segment was associated with ‘magical’ products, impractical promises or dubbed English slots.

    Players have modified content t better engage channels and introduce products at rates lower than market prices. HomeShop18, Shop CJ, Naaptol and TVC Skyshop account for almost 80 per cent of the market.

    In 2015, actor Akshay Kumar and entrepreneur Raj Kundra also launched a home shopping channel, Best Deal TV, but in 2016 the company had temporarily suspended operations after seeing a drastic drop in the business after demonetisation. The cash-on-delivery business was negligible because of which the company was finding it difficult to meet internal expenses. Two big players merged this year – HomeShop18 and Shop CJ – showing how competitive the environment is getting.

    While one may think the end of TV home shopping in India is certain, there is Prathem Bazar a TV shopping channel which also has a digital presence. Being bullish about the growth of the segment Prathem Bazar MD Ashutosh Bajpai feels that the market is growing and is expecting to break even within one or two years. An international launch is also on the cards.

    Reports predict that teleshopping market is forecast to grow at a CAGR of around 13 per cent by 2023 in India, on account of increasing disposable income along with better discounts and offers in comparison to e-commerce websites. Moreover, expanding television penetration in rural areas and rising number of dedicated channels for teleshopping are further expected to aid the growth.

    Besides selling on TV and home websites, some channels are already thinking m-commerce. The new entrant Prathem Bazar also plans to foray into Tamil, Telugu, Kannada, and Malayalam space.

    A media professional said in a report that teleshopping has potential to grow even when e-commerce in the country is expanding by leaps and bounds. “Theoretically, one can argue that the rise in broadband penetration will challenge television commerce. But we have observed in mature markets like the US that both home-shopping and e-commerce have found their own space, complementing each other,” he said. 

    Zee Group was the first to have launched a home shopping TV channel in India in April 2004. Called Asian Sky Shop, the channel folded up a few years ago after the business ran into losses. According to reports in 2016, the company had announced the acquisition of two companies owned by Living Media India Ltd (also known as India Today Group) — Today Merchandise Pvt Ltd (TMPL) and Today Retail Network Pvt Ltd (TRNL) and with the acquisition, Zee was to relaunch Asian Sky Shop. The reason why Zee has the advantage over standalone home shopping broadcasters is that it doesn’t have to contend with high carriage fee.

    According to industry estimates, the size of the home-shopping industry in India is around Rs 5,000-6,000 crore. Prathem Bazar has invested Rs 25-30 crore in building up his own TV channel and online segment. The channel has a tough space to break into with existing players having solidified their bases.  

  • Homeshop18 appoints Manish Kalra as CEO

    Homeshop18 appoints Manish Kalra as CEO

    MUMBAI: Homeshop18, part of TV18 Home Shopping Network has appointed Manish Kalra as CEO. Kalra joins Homeshop18 at a critical yet promising stage in the company’s journey when it has merged its business with Shop CJ, thereby becoming the largest television home shopping brand in India.

    He brings with him extensive experience in e-commerce and will report to the board of TV18 Home Shopping Network.

    Speaking on his appointment, Kalra said, “I am excited to join Homeshop18 and look forward to working with and learning from the talented team there. Retail industry in India is going through a transformation phase. The team at Homeshop18 has a unique opportunity to deliver innovative products and solutions to our customers that will bring greater value to them, our suppliers, employees, investors and other stakeholders in the process. I am grateful to the HS18 board for giving me this opportunity.”

    Prior to joining Homeshop18, he was the chief marketing and business officer at Craftsvilla where he was the overall business P&L owner. He is a young achiever and comes with over 16 years of experience in leading businesses across e-commerce, IT, FMCG and BFSI Industry.

    Over the years, he has gathered deep understanding of customer behavior and can convert a business vision into a customer relevant story, combined with exceptional execution skills. Prior to Craftsvilla, Kalra has worked for companies such as Amazon India, MakeMyTrip and Dell.

    Also Read:

    HomeShop18-Shop CJ merger begins to take effect

    Network18 forms India’s largest TV home shopping platform, acquires Shop CJ

  • HomeShop18-Shop CJ merger begins to take effect

    HomeShop18-Shop CJ merger begins to take effect

    MUMBAI: When two companies decide to come together, the ramifications are felt by all concerned: internally by employees and externally by vendors and partners. That is exactly what is happening at the Network18-owned teleshopping major HomeShop18 and the previously Providence Equity-CJO Shopping-owned Shop CJ Network. The former had announced that it was acquiring a 76 per cent stake in the latter last month. Since then, the process of integration has been on to derive the benefits of the fusion.

    For starters, CJ Home Shopping’s offices and studios in Mumbai are being shut down. CEO Dhruva Chandrie, who was given the option to shift to Noida, where Home Shop18 has its offices, has decided to part ways, with the caveat that should the new entity need him in Mumbai he was up for it. Former Skechers boss Sanjeev Agarwal, who has been heading Home Shop18 since 2015, will function as the interim CEO of the merged outfit.

    According to sources close to the group, Chandrie is not the only one who has taken the option to discontinue. Several other employees too have decided the same. “Many executives have their families in Mumbai. Relocation is not easy so they decide to quit. Those who can are shifting to the capital,” says a source.

    Sources indicate that it is the Mukesh Ambani-owned Reliance group, which is driving the agenda for the two home shopping ventures.

    Sources indicate that the final details of the acquisition of Shop CJ by the megacorp will be out within the next week to a fortnight. Questions that arise are: will Reliance take on all the liabilities should the South Korean home shopping major abstain from doing so as it is only a 26 per cent owner? Or will it honour the liabilities in an equitable manner?

    Employees refused to open up about any developments within HomeShop18 or Shop CJ Network. Chandrie could not be reached, despite efforts by indiantelevision.com to do so. Neither was Sanjeev Agarwal reachable.

    For Reliance, the synergies are immense. The group has a presence in Reliance Retail and buying over the mobile, internet and television home shopping major gives HomeShop18 scale like no other home shopping channel has in India. Apart from the brick and mortar stores, it boasts of many additional outlets – online, mobile and now TV – where it can bring in economies of scale. The Reliance group has also shown that it knows how to handle media and entertainment; allow professionals to run the firms you acquire and give broad directions only. Hence, its two to three year old acquisition Viacom18 has only been going from strength to strength.

    In the case of the Home Shop18-Shop CJ Network (both of which have been doing relatively poor on financials) merger, the tremors are being felt. Hopefully, when these ease, we will get to see a streamlined healthy beast.

  • Network18 forms India’s largest TV home shopping platform, acquires Shop CJ

    Network18 forms India’s largest TV home shopping platform, acquires Shop CJ

    MUMBAI: The Board of Directors of TV18 Home Shopping Network Limited and Shop CJ Network Private Limited approved entering into a definitive agreement to combine the businesses of both entities.

    HomeShop18 has a portfolio of over 14 million SKUs across multiple categories and a logistical reach of over 3000 locations across India. Shop CJ Network (formerly Star CJ Network) was is a 50:50 joint venture between the South Korean home shopping major, CJO Shopping, and the P5 Asia Holding Investments (Mauritius), belonging to the Providence Equity Partners group.

    The transaction is aimed at uniting two of India’s top home-shopping players, to create the largest home-shopping platform in India.

    The resultant benefits of scale shall better the growth prospects for the combined entity, allowing it to improve its standing in the TV home-shopping landscape and compete better with the challenge from e-commerce players. HomeShop18 has optimised its operations substantially since the challenges faced in the last year. It believed multiple synergies with respect to sourcing, marketing and delivery can be exploited through a combination with Shop CJ, which shall further accelerate this process.

    This combination shall be effected by way of a share-swap. The shareholders of Shop CJ shall be issued 25 per cent equity in HomeShop18, making Shop CJ a subsidiary of HomeShop18. Post the transaction, HomeShop18 shall cease to be a subsidiary of Network18 Media & Investments. However, Network18 shall continue to be the largest shareholder in the combined entity.

  • Indian teleshopping to show robust growth through to 2021: TechSci Research

    Indian teleshopping to show robust growth through to 2021: TechSci Research

    MUMBAI: It’s spending time on the home shopping TV genre in India. Global research firm TechSci Reaearch has predicted that expanding television viewers base, increasing penetration, coupled with growing inclination of the people towards more convenient ways of shopping and rising purchasing power are trends that are going to give a leg-up to the teleshopping segment in India from now, and going up to 2021.

    The firm has published a report titled “India Teleshopping Market,” in which it has forecast that the segment will have a compounded annual growth rate (CAGR) of 17.20 per cent during 2016-2021 in India, owing to wide reach of television broadcasting in India, increasing number of people viewing television, coupled with changing lifestyle and growing preference of the people towards more convenient ways of shopping.

    At present, there are over 60 infomercial channels and 10 dedicated channels operating in the television shopping market in India, which is further expected to increase in the coming years majorly, due to growing teleshopping market in India. Moreover, number of private satellite channels in India increased from 826 in 2014 to 847 in 2015, thereby widening scope for television shopping companies in India. In terms of active DTH subscribers in India, there has been a substantial increase in subscription from 40.54 million subscribers in 2014 to 55.98 million subscribers in 2015. Therefore, increasing subscription, rising television viewer base and growing internet penetration to drive India television market through 2021.

    The Indian teleshopping market has been segmented into two categories namely, infomercials and dedicated channels. Dedicated channels dominated India teleshopping market in 2015, and are anticipated to maintain their dominance in the coming years as well, owing to 24 hours telecast, continuous announcement of various cashbacks/ discounts offers and offering branded products.

    Moreover, Homeshop18, Naaptol, and Shop CJ were the leading players in India teleshopping market in 2015, and they are further anticipated to dominate the market through 2021, on account of their increasing penetration, as they have been for longer time in the market as compared to other players. Furthermore, these companies also offer quality products with attractive offers and discounts, which is further anticipated to fuel their dominance in the market during the forecast period,

    “Expanding television viewer base both in urban and rural area, is one of the major driver for India teleshopping market. Growing digitization in semi-urban and rural areas of the country has also propelled the market for teleshopping in the country. Moreover, companies operating in India teleshopping market are now focusing on launching branded products to attract more customers and increase their penetration in the teleshopping market in India. Furthermore, increasing number of discounts and convenience of shopping through television is further anticipate to drive India teleshopping market through 2021,” said TechSci Research director Karan Chechi.

    “India Teleshopping Market By Operation Type, By Region & By Company Forecast and Opportunities, 2011-2021” has evaluated future growth potential of the teleshopping market in India and provides statistics and information on market structure, size, share and future growth in India Teleshopping market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities in the India Teleshopping market.

  • Indian teleshopping to show robust growth through to 2021: TechSci Research

    Indian teleshopping to show robust growth through to 2021: TechSci Research

    MUMBAI: It’s spending time on the home shopping TV genre in India. Global research firm TechSci Reaearch has predicted that expanding television viewers base, increasing penetration, coupled with growing inclination of the people towards more convenient ways of shopping and rising purchasing power are trends that are going to give a leg-up to the teleshopping segment in India from now, and going up to 2021.

    The firm has published a report titled “India Teleshopping Market,” in which it has forecast that the segment will have a compounded annual growth rate (CAGR) of 17.20 per cent during 2016-2021 in India, owing to wide reach of television broadcasting in India, increasing number of people viewing television, coupled with changing lifestyle and growing preference of the people towards more convenient ways of shopping.

    At present, there are over 60 infomercial channels and 10 dedicated channels operating in the television shopping market in India, which is further expected to increase in the coming years majorly, due to growing teleshopping market in India. Moreover, number of private satellite channels in India increased from 826 in 2014 to 847 in 2015, thereby widening scope for television shopping companies in India. In terms of active DTH subscribers in India, there has been a substantial increase in subscription from 40.54 million subscribers in 2014 to 55.98 million subscribers in 2015. Therefore, increasing subscription, rising television viewer base and growing internet penetration to drive India television market through 2021.

    The Indian teleshopping market has been segmented into two categories namely, infomercials and dedicated channels. Dedicated channels dominated India teleshopping market in 2015, and are anticipated to maintain their dominance in the coming years as well, owing to 24 hours telecast, continuous announcement of various cashbacks/ discounts offers and offering branded products.

    Moreover, Homeshop18, Naaptol, and Shop CJ were the leading players in India teleshopping market in 2015, and they are further anticipated to dominate the market through 2021, on account of their increasing penetration, as they have been for longer time in the market as compared to other players. Furthermore, these companies also offer quality products with attractive offers and discounts, which is further anticipated to fuel their dominance in the market during the forecast period,

    “Expanding television viewer base both in urban and rural area, is one of the major driver for India teleshopping market. Growing digitization in semi-urban and rural areas of the country has also propelled the market for teleshopping in the country. Moreover, companies operating in India teleshopping market are now focusing on launching branded products to attract more customers and increase their penetration in the teleshopping market in India. Furthermore, increasing number of discounts and convenience of shopping through television is further anticipate to drive India teleshopping market through 2021,” said TechSci Research director Karan Chechi.

    “India Teleshopping Market By Operation Type, By Region & By Company Forecast and Opportunities, 2011-2021” has evaluated future growth potential of the teleshopping market in India and provides statistics and information on market structure, size, share and future growth in India Teleshopping market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities in the India Teleshopping market.

  • HomeShop18 hops on to DD FreeDish DTH platform

    HomeShop18 hops on to DD FreeDish DTH platform

    MUMBAI: HomeShop18 has hopped on to Prasar Bharati’s direct to home (DTH) platform DD FreeDish.

     

    With this new e-auction win, the channel will reach out to an additional 18 million subscribers of the Indian free-to-air (FTA) DTH broadcasting platform.

     

    The channel has been made available on DD FreeDish from 1 November, 2015.

     

    HomeShop18 CEO Sanjeev Agrawal said, “As the exposure and aspirations of customers in tier II and III geographies evolve, so does their demand for high-quality products. However, due to the limited internet penetration and lack of presence of modern trade there is a gap in latent demand and supply. We have the advantage to cover this gap and reach out to customers across the country through television shopping and our wide range of products. Our association with DD FreeDish is a step towards our commitment to match the HomeShop18 signals to the country’s television penetration and our strong physical reach.”

     

    The channel has shows like 18 Shringaar, Today’s Special Offer amongst others that will provide shoppers with deals, expert advice, a complete new look to women and an assortment of products.

  • HomeShop18 rides the 4G wave for mobile phone shoppers this festive season!

    HomeShop18 rides the 4G wave for mobile phone shoppers this festive season!

    NEW DELHI: If you’ve been looking for the best destination to shop for a new mobile phone, look no further. From the latest iPhone 6S Plus to the new 4G handsets in town, HomeShop18, India’s leading television shopping channel also available on the web and mobile is making it all accessible this festive season. The company is launching a total of 11 new mobile devices in the month of October alone. All these launches are part of Homeshop18’s biggest sale, the Diwali Mela.

     

    Of the 11 mobiles, 6 products will be exclusively available on HomeShop18 including two next-gen mobile devices, Intex 4G mobile phone and Penta 4G Calling Tablet. These two 4G devices are a must have for customers who like to stay updated on the latest technology!

     

    Mr. Sanjeev Agrawal, CEO, HomeShop18 said, “At HomeShop18, our endeavour is to let our offerings reflect the ongoing consumer demands and preferences. With the current smartphone market in India pegged ahead of the US and China in terms of growth rate, and the wave of 4G adoption, we wish to offer our customers the entire gamut of mobile offerings. This increases the buying propensity of our customers as they get to browse through an entire range of new products on offer, thereby, significantly increasing consumer traction and interest in our mobile category.”

     

    With 4G handsets, customers can take advantage of superior, uninterrupted connectivity, especially during video chats and calls over the internet. For the younger generation, they can stream music, videos and movies share information online at a much faster rate than ever before. On buying the Intex 4G shoppers get a free screen guard and protection cover while, the purchase of the Penta 4G entitles them for a free keyboard. 

     

    The other exciting mobile handsets that will be launched this month are- three mobile models from Panasonic, Spice Proton 4 and 5, Celkon A36 Star, Penta 802Q, Spice 45Q and Intex Live 2. All these phones are bundled with exceptional promotions and freebies that make the proposition even more attractive.

     

    HomeShop18’s Diwali Mela guarantees a string of prizes and offers. A guaranteed cash back offer called “HomeShop18 Diwali Shagun”  that will entitle all customers who shop for Rs. 7,999 or more during the period of 13th October-15th November, 2015 to a voucher of Rs. 1,001 to be redeemed on the next purchase on HomeShop18-TV, Web and App. Apart from this, customers can also get a chance to  win an LED TV every hour, every day  till 31st October ’15 and a bumper prize of a Toyota Innova during this Diwali carnival.

     

    Where else would you get the advantage of scanning the latest and most exclusive mobile launches? So, stay tuned as HomeShop18 – your go-to shopping destination this October and make the most of the festive offers during its mobile fiesta! 

     

    About HomeShop18:

     

    HomeShop18 is India’s first comprehensive television shopping channel, selling credible brands to customers nationally, operating in a multimedia environment including Internet, TV and via mobile. As a pioneering player in the space, HomeShop18 changed the way Indians shop by launching India’s first 24 hour Home Shopping TV channel in 2008.  In 2011, HomeShop18 commenced its e-commerce arm with HomeShop18.com. With the introduction of mobile shopping in 2013, Homeshop18 redefines the way consumers shop. Present over all virtual platforms of shopping, HomeShop18.com has emerged as one of the largest e-retailer in India.

     

    Today, HomeShop18 reaches a strong loyal customer base with an impressive portfolio of over 14 million SKU’s across multiple categories and a logistical reach of over 3000 locations across India. HomeShop18 offers a complete product range across all major categories; including digital, fashion & lifestyle, beauty products, jewellery, kitchen essentials, home & furnishings, kids’ gear, food and many more.

     

    HomeShop18 offers cash-on-delivery along with other popular payment methods of credit, debit, wallet and internet banking. HomeShop18 TV channel is available to all cable operators & leading DTH players: Tata Sky-151, Dish TV- 118, Reliance- 219, Videocon- 124, Airtel- 112. For details on HomeShop18 shows and its various products, customers can call 1800-1800-918 and for exciting contest and information, visit the Facebook page- https://www.facebook.com/homeshop18 or follow the Twitter handle@HomeShop18https://twitter.com/homeshop18.