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Tag: Punit Goenka

  • Unilever bags max at Zee Mindspace Awards

    Unilever bags max at Zee Mindspace Awards

    NEW DELHI: Leading content company, Zee Entertainment Enterprises Ltd (ZEEL) today announced the winners of the first edition of ZEE Mindspace Awards that aims at recognizing brands that have captured maximum mndSpace.

     Hindustan Unilever led the awards tally with wins across five categories, followed by  LG Corp with three category wins, Mondelez and Coca-Cola with two category wins each. The winners were decided on the basis of a nationwide survey that was carried out by Nielsen, evaluating 288 brands across 36 categories. The awards ceremony was held on 27 August at #ZEEMelt 2016 – India’s biggest festival for creativity and innovation in marketing and communications.

    Speaking at the awards function, Zeel managing director & CEO Punit Goenka said: “ZEE Mindspace Awards is a property which gives marketers a true reflection of their efforts sown in building brands. The very essence of the awards is its USP – the winners are not chosen by a jury but by the consumers themselves. The structured research conducted across the nation by Nielsen has empowered the consumers to select the most recalled brands as the winners, in a unique and transparent process. Congratulations to all the deserving winners!”

    Added ZEEL chief business officer Sunil Buch:  “For any brand to get into the mindspace it requires all the elements of marketing and sales to come together. Today there are standalone awards for creativity, marketing, media etc. but none that holistically represents the orchestra required to get into and stay in the mind of the consumer. ZEE Mindspace Awards 2016 are the first to recognise the success of all the elements that go into occupying the mindspace.”

     “ZEE Mindspace Awards is the first forward-looking, future-oriented awards property that looks at not just a part of the marketing process, but at the entire outcome,” expressed Nilesen managing director south Asia  Prashant Singh. “After an extensive online survey of over 12,000 consumers, it was impressive to see which brands in India command the maximum consumer ‘mindspace’ based on our parameters of top-of-mind recall, popularity, the kind of advocacy the brand commands, the desire to own the brand and finally the buzz it generates.  Congratulations to these winners who have managed to carve the maximum mindspace in consumers’ minds.”

    ZEE Mindspace Awards 2016 was hosted by actor and television presenter, Gaurav Kapur and was attended by over 500 CMOs and stalwarts from the marketing and advertising industry. To arrive at the winners, ZEEL partnered with renowned market research company Nielsen, to execute a nationwide research to identify brands which have created maximum impact on the minds of the consumers. While ‘top of mind recall’ was the primary criteria to arrive at the winning brands, factors like popularity, advocacy, desire and buzz were also a part of the structured research methodology. Nielsen had targeted a sample size of 12000+ audiences, covering key zones across the country.

    Following is the complete list of winners of ZEE Mindspace Awards 2016 across the categories:

    Winners of Zee Mindspace Awards 2016
    Category BRAND
    Air conditioner LG
    airlines AIR INDIA
    Banks STATE BANK OF INDIA
    BATHING SOAP DOVE
    BISCUITS 50:50
    CEREALS/OATS KELLOGG’S
    CHOCOLATES DAIRY MILK
    COLD BEVERAGES (AERATED) COCA-COLA
    COLD BEVERAGES (NON-AERATED) MAAZA
    CONFECTIONARY (TOFFEE, GUM, MINT) CADBURY CHOCLAIRS
    DEODRANTS FOGG
    FABRIC CARE ITEMS (WASHING POWDER/SOAP/FABRIC SOFTENER) SURF EXCEL
    Face wash HIMALAYA
    FAST FOOD CHAINS MCDONALID’S
    FOUR WHEELER MARUTI
    HAIR COLOUR & DYES GARNIER
    HAIR OIL PARACHUTE ADVANSED
    LIFE INSURANCE LIC
    MOBILE SERVICE PROVIDERS AIRTEL
    MOBILE/SMART PHONES SAMSUNG
    MOISTURISER/BODY LOTION VASELINE
    MOSQUITO REPELLANTS/HOME INSECTICIDE GOOD KNIGHT
    NOODLES/PASTA MAGGI
    ONLINE SHOPPING FLIPKART

    PACKAGED SAVOURY (CHIPS/EXTRUDED SNACKS, BHUJIYAS, NAMKEENS)

    		LAYS

    PAINT

    		 ASIAN PAINTS

    REFRIEGERATORS

    		 LG
    SHAMPOO & CONDITIONER DOVE
    SKIN CREAM POND’S
    TEA/COFFEE

    TATA TEA
    TOOTHPASTE/TOOTHBRUSH COLGATE
    TV SETS SONY

    TWO WHEELERS

    		 HONDA
    TYRES MRF
    WASHING MACHINES LG
    WATER PURIFIERS AQUAGUARD

     

  • Unilever bags max at Zee Mindspace Awards

    Unilever bags max at Zee Mindspace Awards

    NEW DELHI: Leading content company, Zee Entertainment Enterprises Ltd (ZEEL) today announced the winners of the first edition of ZEE Mindspace Awards that aims at recognizing brands that have captured maximum mndSpace.

     Hindustan Unilever led the awards tally with wins across five categories, followed by  LG Corp with three category wins, Mondelez and Coca-Cola with two category wins each. The winners were decided on the basis of a nationwide survey that was carried out by Nielsen, evaluating 288 brands across 36 categories. The awards ceremony was held on 27 August at #ZEEMelt 2016 – India’s biggest festival for creativity and innovation in marketing and communications.

    Speaking at the awards function, Zeel managing director & CEO Punit Goenka said: “ZEE Mindspace Awards is a property which gives marketers a true reflection of their efforts sown in building brands. The very essence of the awards is its USP – the winners are not chosen by a jury but by the consumers themselves. The structured research conducted across the nation by Nielsen has empowered the consumers to select the most recalled brands as the winners, in a unique and transparent process. Congratulations to all the deserving winners!”

    Added ZEEL chief business officer Sunil Buch:  “For any brand to get into the mindspace it requires all the elements of marketing and sales to come together. Today there are standalone awards for creativity, marketing, media etc. but none that holistically represents the orchestra required to get into and stay in the mind of the consumer. ZEE Mindspace Awards 2016 are the first to recognise the success of all the elements that go into occupying the mindspace.”

     “ZEE Mindspace Awards is the first forward-looking, future-oriented awards property that looks at not just a part of the marketing process, but at the entire outcome,” expressed Nilesen managing director south Asia  Prashant Singh. “After an extensive online survey of over 12,000 consumers, it was impressive to see which brands in India command the maximum consumer ‘mindspace’ based on our parameters of top-of-mind recall, popularity, the kind of advocacy the brand commands, the desire to own the brand and finally the buzz it generates.  Congratulations to these winners who have managed to carve the maximum mindspace in consumers’ minds.”

    ZEE Mindspace Awards 2016 was hosted by actor and television presenter, Gaurav Kapur and was attended by over 500 CMOs and stalwarts from the marketing and advertising industry. To arrive at the winners, ZEEL partnered with renowned market research company Nielsen, to execute a nationwide research to identify brands which have created maximum impact on the minds of the consumers. While ‘top of mind recall’ was the primary criteria to arrive at the winning brands, factors like popularity, advocacy, desire and buzz were also a part of the structured research methodology. Nielsen had targeted a sample size of 12000+ audiences, covering key zones across the country.

    Following is the complete list of winners of ZEE Mindspace Awards 2016 across the categories:

    Winners of Zee Mindspace Awards 2016
    Category BRAND
    Air conditioner LG
    airlines AIR INDIA
    Banks STATE BANK OF INDIA
    BATHING SOAP DOVE
    BISCUITS 50:50
    CEREALS/OATS KELLOGG’S
    CHOCOLATES DAIRY MILK
    COLD BEVERAGES (AERATED) COCA-COLA
    COLD BEVERAGES (NON-AERATED) MAAZA
    CONFECTIONARY (TOFFEE, GUM, MINT) CADBURY CHOCLAIRS
    DEODRANTS FOGG
    FABRIC CARE ITEMS (WASHING POWDER/SOAP/FABRIC SOFTENER) SURF EXCEL
    Face wash HIMALAYA
    FAST FOOD CHAINS MCDONALID’S
    FOUR WHEELER MARUTI
    HAIR COLOUR & DYES GARNIER
    HAIR OIL PARACHUTE ADVANSED
    LIFE INSURANCE LIC
    MOBILE SERVICE PROVIDERS AIRTEL
    MOBILE/SMART PHONES SAMSUNG
    MOISTURISER/BODY LOTION VASELINE
    MOSQUITO REPELLANTS/HOME INSECTICIDE GOOD KNIGHT
    NOODLES/PASTA MAGGI
    ONLINE SHOPPING FLIPKART

    PACKAGED SAVOURY (CHIPS/EXTRUDED SNACKS, BHUJIYAS, NAMKEENS)

    		LAYS

    PAINT

    		 ASIAN PAINTS

    REFRIEGERATORS

    		 LG
    SHAMPOO & CONDITIONER DOVE
    SKIN CREAM POND’S
    TEA/COFFEE

    TATA TEA
    TOOTHPASTE/TOOTHBRUSH COLGATE
    TV SETS SONY

    TWO WHEELERS

    		 HONDA
    TYRES MRF
    WASHING MACHINES LG
    WATER PURIFIERS AQUAGUARD

     

  • Zeel hires Unilever’s Punit Misra to head domestic broadcast business

    Zeel hires Unilever’s Punit Misra to head domestic broadcast business

    MUMBAI: The Essel group owned Zee Entertainment Enterprises Limited (ZEEL) has filled the missing peg on its leadership roster: the CEO of its domestic broadcast business.

    Come 1 October 2016, former Hindustan Unilever Ltd (HUL) senior executive and careerist Punit Misra will be stepping into those shoes at India’s leading media and entertainment major and will be directly reporting to ZEEL MD and CEO Punit Goenka.

    In recent times, ZEEL has been strengthening its senior management team to help it achieve its ambitious targets.

    Last year, it brought in family member and Punit’s younger brother and technopreneur Amit Goenka to head its international broadcast business.

    Earlier this year, it spun off its broadcast network sales into another company called Zee Unimedia which is headed by COO Ashish Sehgal.

    Misra, the new senior joinee, has had a long association with HUL and was last serving as as executive director & vice president – customer development. His responsibilities included heading sales. He joined HUL as a management trainee in 1996.

    Since then, he has worked in leadership roles across customer development, brand building, brand development and general management within HUL, as well as in the global customer development team of Unilever.

    He was also the member of the management Committee at HUL. As head of sales of the largest FMCG company in India, he was responsible for the performance of HUL sales team – driving delivery of profitable and competitive top line growth for the organization.

    Misra is an Electrical Engineering graduate from Indian Institute of Technology, Roorkee (formerly University of Roorkee) and has a PGDBM in Finance and Marketing from XLRI, Jamshedpur.

  • Zeel hires Unilever’s Punit Misra to head domestic broadcast business

    Zeel hires Unilever’s Punit Misra to head domestic broadcast business

    MUMBAI: The Essel group owned Zee Entertainment Enterprises Limited (ZEEL) has filled the missing peg on its leadership roster: the CEO of its domestic broadcast business.

    Come 1 October 2016, former Hindustan Unilever Ltd (HUL) senior executive and careerist Punit Misra will be stepping into those shoes at India’s leading media and entertainment major and will be directly reporting to ZEEL MD and CEO Punit Goenka.

    In recent times, ZEEL has been strengthening its senior management team to help it achieve its ambitious targets.

    Last year, it brought in family member and Punit’s younger brother and technopreneur Amit Goenka to head its international broadcast business.

    Earlier this year, it spun off its broadcast network sales into another company called Zee Unimedia which is headed by COO Ashish Sehgal.

    Misra, the new senior joinee, has had a long association with HUL and was last serving as as executive director & vice president – customer development. His responsibilities included heading sales. He joined HUL as a management trainee in 1996.

    Since then, he has worked in leadership roles across customer development, brand building, brand development and general management within HUL, as well as in the global customer development team of Unilever.

    He was also the member of the management Committee at HUL. As head of sales of the largest FMCG company in India, he was responsible for the performance of HUL sales team – driving delivery of profitable and competitive top line growth for the organization.

    Misra is an Electrical Engineering graduate from Indian Institute of Technology, Roorkee (formerly University of Roorkee) and has a PGDBM in Finance and Marketing from XLRI, Jamshedpur.

  • Indian media industry gives thumbs up to GST despite minor concerns

    Indian media industry gives thumbs up to GST despite minor concerns

    MUMBAI: Former Finance Minister of India P. Chidambaram dubbed the move “good sense triumphed” while commenting on the Goods and Services Tax (GST) Bill that was okayed earlier in the week by the Indian Parliament. And, probably, it is a good move, though lot of fine-tuning still needs to be done and Indian industry is still calculating the pros and cons.

    But a seven-hour debate in the Upper House (Rajya Sabha) on Wednesday is nothing compared to the discussions on the issue that have been going on for over a decade in India during which time several Finance Ministers have come and gone pitching in for tax reforms that have been mired in political discussions and fights.

    Now that the Parliament has given the green signal to GST to be ushered in the country the ifs and whys still need answering leading to more questions like ‘what’ and ‘how’ because the rate of taxation under GST regime is still to be firmed up though 18 per cent is an indicative figure that is being bandied around in political and industry circles.

    Here are a few reactions from the media and entertainment industry where execs are still trying to read the fine prints of political-speak.

    Minister of Information and Broadcasting (MIB) M Venkaiah Naidu termed the passage of GST Bill as “historic” adding that “it’s a victory of people” as “good days” beckon the country.

    MIB Junior Minister Rajyavardhan Rathore also said that it was a historic day for India and tweeted “a new era is about to begin as uniformity across markets in India would pave way for unity in diversity”.

    ZEEL, MD and CEO Punit Goenka:  GST will certainly bring in uniformity across businesses in the media sector. Especially for the film studios who can now lower their costs. Multiplex chains will also benefit a lot with uniformed taxes, resulting into reduction of the average ticket prices!

    Colors TV CEO & Advertising Club of India President Raj Nayak: I think it (proposition of GST) is the best thing that has happened to our country. I must congratulate the Finance Minister and leaders of all political parties for setting aside differences for a common purpose, which will help in the progress of the country. As Prime Minister Narendra Modi described it is `the best example of cooperative federalism.’ The passage of the Bill, along with a good monsoon, will usher in an overall positive business sentiment. I see this translating into advertising spends seeing an upward trend in the coming months, which will be good for broadcasting sector.

    Publicis India -South Asia CEO & AAAI President Nakul Chopra: Everyone is hopeful that in the long run this will benefit our economy. While right now we are concerned about its implications on our (advertising) industry as we are a multi-locational service providers. If GST positively impacts our client, it would eventually benefit us as well. Though there are some legitimate concerns that the advertising industry has over GST, we will try to address them as an association.

    Videocon d2h  CEO Anil Khera: GST is a welcome step. It will unify the indirect tax administration in India and help the country in two ways. First, it will simplify (the tax regime) and make it easy for the consumers to understand their tax split up. Second, it will significantly improve the ease of doing business in India. As a DTH operator, GST will help us to be more efficient in our business.

    Travelxp and  Media Worldwide CEO Prashanth Chothani: There won’t be much impact (on the broadcasters’ ad revenues). The current rate that stands at 15 percent may increase to 18 percent. This might mean that the advertising cost will go up but advertising is directly related to consumer needs. If people have money to spend and they are consuming products,  brands will market and advertise.

    From the reactions it seems that the media and entertainment industry, by and large, has reacted positively to the proposed tax reforms. As it is in all such cases there are some creases, but the media and entertainment industry is willing to look at the brighter side of GST and the promised economic growth.

     

  • Indian media industry gives thumbs up to GST despite minor concerns

    Indian media industry gives thumbs up to GST despite minor concerns

    MUMBAI: Former Finance Minister of India P. Chidambaram dubbed the move “good sense triumphed” while commenting on the Goods and Services Tax (GST) Bill that was okayed earlier in the week by the Indian Parliament. And, probably, it is a good move, though lot of fine-tuning still needs to be done and Indian industry is still calculating the pros and cons.

    But a seven-hour debate in the Upper House (Rajya Sabha) on Wednesday is nothing compared to the discussions on the issue that have been going on for over a decade in India during which time several Finance Ministers have come and gone pitching in for tax reforms that have been mired in political discussions and fights.

    Now that the Parliament has given the green signal to GST to be ushered in the country the ifs and whys still need answering leading to more questions like ‘what’ and ‘how’ because the rate of taxation under GST regime is still to be firmed up though 18 per cent is an indicative figure that is being bandied around in political and industry circles.

    Here are a few reactions from the media and entertainment industry where execs are still trying to read the fine prints of political-speak.

    Minister of Information and Broadcasting (MIB) M Venkaiah Naidu termed the passage of GST Bill as “historic” adding that “it’s a victory of people” as “good days” beckon the country.

    MIB Junior Minister Rajyavardhan Rathore also said that it was a historic day for India and tweeted “a new era is about to begin as uniformity across markets in India would pave way for unity in diversity”.

    ZEEL, MD and CEO Punit Goenka:  GST will certainly bring in uniformity across businesses in the media sector. Especially for the film studios who can now lower their costs. Multiplex chains will also benefit a lot with uniformed taxes, resulting into reduction of the average ticket prices!

    Colors TV CEO & Advertising Club of India President Raj Nayak: I think it (proposition of GST) is the best thing that has happened to our country. I must congratulate the Finance Minister and leaders of all political parties for setting aside differences for a common purpose, which will help in the progress of the country. As Prime Minister Narendra Modi described it is `the best example of cooperative federalism.’ The passage of the Bill, along with a good monsoon, will usher in an overall positive business sentiment. I see this translating into advertising spends seeing an upward trend in the coming months, which will be good for broadcasting sector.

    Publicis India -South Asia CEO & AAAI President Nakul Chopra: Everyone is hopeful that in the long run this will benefit our economy. While right now we are concerned about its implications on our (advertising) industry as we are a multi-locational service providers. If GST positively impacts our client, it would eventually benefit us as well. Though there are some legitimate concerns that the advertising industry has over GST, we will try to address them as an association.

    Videocon d2h  CEO Anil Khera: GST is a welcome step. It will unify the indirect tax administration in India and help the country in two ways. First, it will simplify (the tax regime) and make it easy for the consumers to understand their tax split up. Second, it will significantly improve the ease of doing business in India. As a DTH operator, GST will help us to be more efficient in our business.

    Travelxp and  Media Worldwide CEO Prashanth Chothani: There won’t be much impact (on the broadcasters’ ad revenues). The current rate that stands at 15 percent may increase to 18 percent. This might mean that the advertising cost will go up but advertising is directly related to consumer needs. If people have money to spend and they are consuming products,  brands will market and advertise.

    From the reactions it seems that the media and entertainment industry, by and large, has reacted positively to the proposed tax reforms. As it is in all such cases there are some creases, but the media and entertainment industry is willing to look at the brighter side of GST and the promised economic growth.

     

  • ZEEL launches new movie channel in Germany

    ZEEL launches new movie channel in Germany

    MUMBAI: Zee Entertainment Enterprises Limited (ZEEL) has launched a new movie channel titled Zee.One for its Germany market.

    The channel was launched in Germany by ZEEL MD and CEO Punit Goenka, ZEEL International broadcast business CEO Amit Goenka, Asia TV Gmbh (Zee TV) CEO Friederike Behrends and Bollywood supertstar Shah Rukh Khan.

    On the launch of new channel, Punit Goenka said, “As a global media conglomerate, ZEEL is present in 171 countries entertaining over one billion viewers across the world. With our entry into Germany, we are now present in one of the most important and competitive TV markets worldwide. This is what makes the launch of Zee.One special for us.”

    Zee.One – I Feel Bollywood promises to deliver high-quality entertainment from the cinematic Mecca of Asia: Bollywood. The free-to-air channel will broadcast a great variety of movies and series, starring popular international megastars like Shah Rukh Khan and Deepika Padukone. The movies will span across all genres including romance, comedy, action among others. Furthermore, music clips with outstanding dance performances as well as in-house productions will add to the entertainment.

    “The launch of Zee.One in Germany is a step further as part of our international expansion strategy. We want to establish a lasting presence and of course, grow in the German television market. With our highest levels of entertainment, we are confident of being able to offer viewers an attractive enrichment to the existing range of television offerings. We are proud and happy to welcome the German community into our ZEEL family,” added Amit Goenka.

    Targeting women between the ages of 19 and 59, Zee.One’s content will be specifically adapted for the German market. Most of the content will be premiering on German television and will be broadcast in HD. From autumn on, the channel plans to develop and produce its own show formats like magazine shows. Zee.One will be receivable via satellite (Astra) and cable (Vodafone, Unitymedia, Telecolumbus) and will soon be available on more platforms in the German market.

    Behrends further added, “From today, the German TV landscape will be enriched by a unique, new channel, Zee.One. We want to entertain our viewers with the best of films, series, and music daily, making Zee.One a channel for all the senses!”

  • ZEEL launches new movie channel in Germany

    ZEEL launches new movie channel in Germany

    MUMBAI: Zee Entertainment Enterprises Limited (ZEEL) has launched a new movie channel titled Zee.One for its Germany market.

    The channel was launched in Germany by ZEEL MD and CEO Punit Goenka, ZEEL International broadcast business CEO Amit Goenka, Asia TV Gmbh (Zee TV) CEO Friederike Behrends and Bollywood supertstar Shah Rukh Khan.

    On the launch of new channel, Punit Goenka said, “As a global media conglomerate, ZEEL is present in 171 countries entertaining over one billion viewers across the world. With our entry into Germany, we are now present in one of the most important and competitive TV markets worldwide. This is what makes the launch of Zee.One special for us.”

    Zee.One – I Feel Bollywood promises to deliver high-quality entertainment from the cinematic Mecca of Asia: Bollywood. The free-to-air channel will broadcast a great variety of movies and series, starring popular international megastars like Shah Rukh Khan and Deepika Padukone. The movies will span across all genres including romance, comedy, action among others. Furthermore, music clips with outstanding dance performances as well as in-house productions will add to the entertainment.

    “The launch of Zee.One in Germany is a step further as part of our international expansion strategy. We want to establish a lasting presence and of course, grow in the German television market. With our highest levels of entertainment, we are confident of being able to offer viewers an attractive enrichment to the existing range of television offerings. We are proud and happy to welcome the German community into our ZEEL family,” added Amit Goenka.

    Targeting women between the ages of 19 and 59, Zee.One’s content will be specifically adapted for the German market. Most of the content will be premiering on German television and will be broadcast in HD. From autumn on, the channel plans to develop and produce its own show formats like magazine shows. Zee.One will be receivable via satellite (Astra) and cable (Vodafone, Unitymedia, Telecolumbus) and will soon be available on more platforms in the German market.

    Behrends further added, “From today, the German TV landscape will be enriched by a unique, new channel, Zee.One. We want to entertain our viewers with the best of films, series, and music daily, making Zee.One a channel for all the senses!”

  • Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.2 per cent  hike in consolidated revenue for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding quarter of the previous year. The growth was driven by a 19.2 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.2 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 1,571.62 crore in Q1-17 as compared to Rs 1,326,68 crore in Q1-16.

    Profit after tax (PAT) for the current quarter increased 21.8 percent to Rs 216.96 crore (13.8 percent margin) as compared to Rs 178.18 crore (13.4 percent margin) in Q1-16.

    Ad revenue in the current quarter was Rs 911.98 crore (58 percent of TIO) as compared to Rs 765.33 crore (57.7 percent of TIO) in Q1-16. Subscription revenue in the current quarter was Rs 528.16 crore (33.6 percent of TIO) as compared to Rs 462.53 crore (34.9 percent of TIO) in Q1-16.

    Zeel’s Operating profit (EBITDA) for Q1-17 stood at Rs 453.15 crore (28.8 percent EBITDA Margin) which was 44.1 percent higher than the Rs 314.57 crore (23.7 percent EBIDTA margin) in the corresponding year ago quarter.

    Total Expenditure in Q1-17 increased 11.2 percent to Rs 1,143.58 crore (72.8 percent of TIO) from Rs 1,028.21 crore (77.5 percent of TIO) in Q1-16.

    Finance costs in the current quarter declined 2.6 percent to Rs 7.5 crore (0.5 percent of TIO) from Rs 7.7 crore (0.6 percent of TIO) in the corresponding year ago quarter.

    Employee benefit expense in Q1-17 increased 14.1 percent to Rs 149.93 crore (9.5 percent of TIO) from Rs 131.40 crore (9.9 percent of TIO) in Q1-16.

    Advertising and Publicity expense in the current quarter increased 23.9 percent to Rs 119.71 crore (7.6 percent of TIO) from Rs 96.65 crore (7.3 percent of TIO) in Q1-16.

    Company Speak

    Chandra added, “The financial results once again highlight the strong underlying fundamentals of the company. The advertising and subscription revenues continue to drive the company’s growth. Taking a long term view of the business trends we are committed to become a global content company and will make suitable investments to achieve that objective.”

    Zeel managing director and CEO Punit Goenka, Managing said, ““We have started the new fiscal on a positive note, delivering successful result in the first quarter. On the back of continued steady economic recovery, the company once again managed to outperform the market. The advertising growth is holding up and the subscription revenue is maintaining a steady growth. While the advertising could receive a fillip if the consumer spending improves, on the subscription front the industry awaits the regulatory guidelines which will shape the subscription revenue growth over the next few quarters.”

    The preference of the consumers keeps on evolving with time and we have consistently stayed ahead of the curve, and in many cases helped shape it. As an entertainment company, it is imperative for us to experiment with new content and innovate new formats, and we will continue to do so. We are making investments in new growth verticals with an aim that they will start contributing to company’s success in the future. An effort in this direction was the relaunch of company’s paid OTT platform dittoTV with new subscription plans. Our movie production business has started delivering results which is evident with movies like Sairat which became the highest grossing Marathi movie of all time.”

    Note: (1) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

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

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  • Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.2 per cent  hike in consolidated revenue for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding quarter of the previous year. The growth was driven by a 19.2 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.2 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 1,571.62 crore in Q1-17 as compared to Rs 1,326,68 crore in Q1-16.

    Profit after tax (PAT) for the current quarter increased 21.8 percent to Rs 216.96 crore (13.8 percent margin) as compared to Rs 178.18 crore (13.4 percent margin) in Q1-16.

    Ad revenue in the current quarter was Rs 911.98 crore (58 percent of TIO) as compared to Rs 765.33 crore (57.7 percent of TIO) in Q1-16. Subscription revenue in the current quarter was Rs 528.16 crore (33.6 percent of TIO) as compared to Rs 462.53 crore (34.9 percent of TIO) in Q1-16.

    Zeel’s Operating profit (EBITDA) for Q1-17 stood at Rs 453.15 crore (28.8 percent EBITDA Margin) which was 44.1 percent higher than the Rs 314.57 crore (23.7 percent EBIDTA margin) in the corresponding year ago quarter.

    Total Expenditure in Q1-17 increased 11.2 percent to Rs 1,143.58 crore (72.8 percent of TIO) from Rs 1,028.21 crore (77.5 percent of TIO) in Q1-16.

    Finance costs in the current quarter declined 2.6 percent to Rs 7.5 crore (0.5 percent of TIO) from Rs 7.7 crore (0.6 percent of TIO) in the corresponding year ago quarter.

    Employee benefit expense in Q1-17 increased 14.1 percent to Rs 149.93 crore (9.5 percent of TIO) from Rs 131.40 crore (9.9 percent of TIO) in Q1-16.

    Advertising and Publicity expense in the current quarter increased 23.9 percent to Rs 119.71 crore (7.6 percent of TIO) from Rs 96.65 crore (7.3 percent of TIO) in Q1-16.

    Company Speak

    Chandra added, “The financial results once again highlight the strong underlying fundamentals of the company. The advertising and subscription revenues continue to drive the company’s growth. Taking a long term view of the business trends we are committed to become a global content company and will make suitable investments to achieve that objective.”

    Zeel managing director and CEO Punit Goenka, Managing said, ““We have started the new fiscal on a positive note, delivering successful result in the first quarter. On the back of continued steady economic recovery, the company once again managed to outperform the market. The advertising growth is holding up and the subscription revenue is maintaining a steady growth. While the advertising could receive a fillip if the consumer spending improves, on the subscription front the industry awaits the regulatory guidelines which will shape the subscription revenue growth over the next few quarters.”

    The preference of the consumers keeps on evolving with time and we have consistently stayed ahead of the curve, and in many cases helped shape it. As an entertainment company, it is imperative for us to experiment with new content and innovate new formats, and we will continue to do so. We are making investments in new growth verticals with an aim that they will start contributing to company’s success in the future. An effort in this direction was the relaunch of company’s paid OTT platform dittoTV with new subscription plans. Our movie production business has started delivering results which is evident with movies like Sairat which became the highest grossing Marathi movie of all time.”

    Note: (1) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

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

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