ITV

Tag: Q1

  • Zee Media Corp revenue rises 28.8 % to Rs 170 crore in Q1

    Zee Media Corp revenue rises 28.8 % to Rs 170 crore in Q1

    Mumbai: Zee Media Corporation’s operational revenue was up 28.8 per cent to Rs 170.18 crore for the quarter ended in June 2021 as against Rs 132.14 crore in the corresponding period of the previous fiscal.

    The network has reported a consolidated net loss of Rs 9.06 crore for the quarter under review on account of exceptional items. The company has posted a net profit of Rs 12.26 crore during the April-June quarter of the previous fiscal, Zee Media Corporation Ltd (ZMCL) said in a regulatory filing.

    ZMCL’s total expenses were at Rs 157.70 crore, up 35.16 per cent Q1/FY 2021-22, as against Rs 116.68 crore. The company suffered a loss of Rs 17.11 crore for exceptional items and tax for April-June quarter.

    ZMCL comprises of 14 news channels, including one Global, three National and ten Regional/language channels – Zee News, Zee Business, WION, Zee Hindustan, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, Zee 24 Ghanta, Zee Odisha, Zee Bihar Jharkhand, Zee Rajasthan, Zee Salaam, Zee 24 Kalak, and Zee Uttar Pradesh Uttarakhand.

    The company said its digital news portfolio continues to witness growth across the properties. The language news properties spanning 16 brands in 12 languages received 1.9 billion views in Q1 FY22 compared to 1.6 billion views in Q4FY21. Monthly Average Users (MAUs) grew from 107.7 million in Q4FY21 to 141.9 million in Q1FY22.

    Meanwhile, the company has appointed Swetha Gopalan as an Independent director of the company for a term of five consecutive years with effect from 1 August. Gopalan started her career in 2010, when she joined Johns Hopkins Medicine International, USA, and has worked with Parkway Health and The Noble Group, both in Singapore. She also worked as a Business Analyst with Tata Consultancy Services in the USA from 2015 to 2016.
     

  • Resilient rural market drives HUL’s growth in Q1, net profit rises to Rs 2,100 cr

    Resilient rural market drives HUL’s growth in Q1, net profit rises to Rs 2,100 cr

    New Delhi: A resilient rural market, coupled with subsequent decline in Covid cases has infused growth in theFMCG major Hindustan Unilever Ltd (HUL) this quarter. The company reported a 10.7 per cent increase in its consolidated net profit for Q1 ended June, 2021.

    The FMCG major posted a net profit of Rs 2,100 crore in Q1 2021, compared to Rs 1,897 crore recorded in the April-June quarter of the previous fiscal. Net sales during the quarter under review stood at Rs 11,996 crore, up 13.49 per cent, as against Rs 10,570 crore in the corresponding period a year ago.

    HUL’s total expenses were at Rs 9,546 crore in the quarter under review, up 14.68 per cent from Rs 8,324 crore a year ago. The FMCG major delivered a strong performance with domestic consumer growth of 12 per cent, underlying volume growth of 9 per cent and profit after tax growth of 10 per cent, said the company in a statement.

    “In a challenging environment, we have delivered a strong performance across topline and bottomline. Our performance in the quarter has been resilient and is reflective of our capabilities, the agility in our operations and the intrinsic strength of our portfolio, “said HUL CMD Sanjiv Mehta.

    The number of Covid cases have come down June onwards, paving the way for FMCG industry’s growth and market levels to reach close to March 2021 levels. “The rebound that we have seen in the month of June and early July is led by rural. So, the good news is that rural is resilient, and it has started to come back, strongly ahead of urban,” HUL CFO Ritesh Tiwari while talking to the media virtually post Q1 results. “Rural has been a good engine for FMCG for the last few quarters, and it continues to be resilient. Hopefully, we see a good monsoon and this will augur well for the rural economy.”

    The company witnessed double-digit growth across all three divisions — Home Care, Beauty & Personal Care and Foods & Refreshment.

    Household care continued to perform well growing in high double-digits on a strong base. Liquids and Fabric Sensations also benefited from robust market development initiatives. HUL’s revenue from the home-care segment was up 11.94 per cent this quarter to Rs 3,797 crore, as against Rs 3,392 crore in the corresponding quarter in 2020.

    The company’s revenue from Beauty & Personal Care was up 13.41 per cent to Rs 4,585 crore, as against Rs 4,043 crore of the corresponding quarter. This was led by Hair Care and Skin Care, both growing in high double-digits, said HUL. “Contextual communications in Hair Care continue to yield good results. Skin Cleansing continued its strong momentum, soaps grew on a high base and the premium segment performed well. Hand Hygiene portfolio declined against an exceptionally high base,” it said in a statement.

    The Food & Refreshment segment was up 12.2 per cent to Rs 3,319 crore, as against Rs 2,958 crore in the corresponding period, helped by double-digit growth in segments as tea, ketchups, soups and nutrition business. According to HUL, all Tea brands also continued to grow in high double-digits despite a very strong base in the prior year.

    HUL said it is cautiously optimistic about future demand recovery.

  • Facebook now has 2.85 billion MAUs, income skyrockets 94%

    Facebook now has 2.85 billion MAUs, income skyrockets 94%

    New Delhi: Facebook on Thursday reported stronger than expected financial results for the first quarter with soaring ad revenue during the pandemic. The social media giant said it earned $9.5 billion in the January-March quarter, a pole vault of 94 per cent from $4.9 billion last year. The total revenue grew 48 per cent from $17.44 billion to $26.17 billion in the previous fiscal, backed by a surge in digital ad spending during the pandemic when consumers mostly shopped online.

    The main driver of this growth was Facebook’s advertising business.

    “We are pleased with the strength of our advertising revenue growth in the first quarter of 2021, which was driven by a 30 per cent year-over-year increase in the average price per ad and a 12 per cent increase in the number of ads delivered. We expect that advertising revenue growth will continue to be primarily driven by price during the rest of 2021,” said Facebook CFO David Wehner as the company reported first quarter results.

    Wehner added that the company expects its year-over-year revenue growth rate for the period “to remain stable or modestly accelerate relative to the growth rate in the first quarter of 2021 as we lap slower growth related to the pandemic during the second quarter of 2020.”

    Facebook now has 2.85 billion monthly active users (MAUs), an increase of 10 per cent year-on-year. Concurrently, its daily active user base has reached 1.88 billion on average, an increase of eight per cent. The company currently employs 60,654 people, bolstering its workforce by 26 per cent year-over-year.

    Looking ahead, the world’s largest social network will focus on expanding its e-commerce offerings to strengthen its ad business. “We will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy,” said Facebook CEO Mark Zuckerberg in a statement.

  • Netflix adds 3.98 mn subs in Q1, to spend $17 bn on content this year

    Netflix adds 3.98 mn subs in Q1, to spend $17 bn on content this year

    KOLKATA: After a year of astounding growth, Netflix has missed the subscriber addition estimates in the first quarter of 2021. The company has added 3.98 million subscribers globally in contrast to its six million guidance. It has estimated even lower gains for the next quarter – one million with almost zero growth from US, Canada, Latin America.

    The Los Gatos-based streaming platform has cited the pull-forward growth in 2020, a lighter content slate due to delayed production as the reasons for slowdown in subscriber addition. “We don’t believe competitive intensity materially changed in the quarter or was a material factor in the variance as the over-forecast was across all of our regions,” it stated in a letter to shareholders.

    However, it has topped analysts’ expectations in terms of revenue and earnings per share. The entertainment giant has posted $7.16 billion revenue compared to $7.13 billion expectations and $3.75 earnings per share versus estimated $2.97.

    “We compete with many activities for consumers’ entertainment time, ranging from watching linear TV, video gaming, and viewing user generated content, just to name a few. Against this backdrop, the entertainment market is huge, giving us plenty of room to grow, if we can continue to improve our service. We believe we are less than 10 per cent of TV screen time in the US and even smaller in other regions and when including mobile devices,” it added.

    The streamer expects paid membership growth will re-accelerate in the second half of 2021 thanks to its strong slate with the return of big hits like Sex Education, The Witcher, La Casa de Papel (aka Money Heist), and You, as well as number of original films including the finale to The Kissing Booth trilogy, Red Notice, Don’t Look U. It also promises a comprehensive local language offering including Too Hot to Handle for Brazil and Mexico, Dhamaka for India along with others.

    Netflix will spend $17 billion cash on content this year compared to $11.8 billion last year. The company is also testing a crackdown on password sharing. It is working on making sure the people who are using a Netflix account are the ones who are authorised to do so, Netflix COO Greg Peters said.

    “We’ll test many things, but we’ll never roll something out that feels like turning the screws,” co-CEO Reed Hastings said.

  • Mahindra Holidays Sales & Mktg spends during Q4-2014 Rs 52.53 crore

    Mahindra Holidays Sales & Mktg spends during Q4-2014 Rs 52.53 crore

    BENGALURU: Mahindra Holidays & Resorts (India) Limited (Mahindra Holidays) spent Rs 52.5268 crore (24.03 per cent of Total Income or Tot Inc) towards Marketing and Sales Promotion (S & M) during Q4-2014, which was 1.47 per cent more than the Rs 51.77 crore (27.33 per cent of Tot Inc) during the immediate trailing quarter Q3-2014 and 5.75 per cent more than the Rs 49.67 crore (24.77 per cent of Tot Inc).  The company has the brand Club Mahindra.

    Note: Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million

    Mahindra Holidays S & M spends during FY-2014 at Rs 191.50 crore (24.63 per cent of Tot Inc) was 4.22 per cent more than the Rs 183.74 crore (26.19 per cent of Tot Inc). Over a nine quarter period starting Q1-2012 to Q4-2014, Mahindra Holidays S & M average ad spends has been 25.83 per cent of Tot Inc. While in terms of rupees spent, S & M spends show a slight upward linear trend during these nine quarters, in terms of percentage of Tot Inc, the linear trend is downwards. Similarly, over a three year period starting FY-2012 until FY-2014, the trend in absolute rupee terms has been upward, while in terms of percentage of Tot Inc, the trend is downward. Please refer to Fig 1 and Fig 1A below.

    The company reported a PAT of Rs 24.39 crore (11.15 per cent of Tot Inc) in Q4-2014, which was 20.09 per cent more than the Rs 20.31 crore (10.72 per cent of Tot Inc) in Q3-2014, but (-21.15) per cent less than the Rs 30.93 crore (15.42 per cent of Tot Inc) in Q4-2013. In FY-2014, Mahindra Holidays PAT at Rs 94.53 crore (12.16 per cent of Tot Inc) was (-11.63) per cent less than the Rs 106.98 crore (15.25 per cent of Tot Inc) in FY-2013.

    Mahindra Holidays Tot Inc in Q4-2014 at Rs218.62 crore was 15.4 per cent more than the Rs 189.44 crore in Q3-2014 and 9.02 per cent more than the Rs 200.54 crore in Q4-2013. In FY-2014, the company’s Tot Inc at Rs 777.52 crore was 10.83 per cent more than the Rs 701.55 crore in FY-2013. Please refer to Fig 2 and 2A below.

    The company says that it follows a two-pronged strategy – It provides a variety in holidaying options by rapidly increasing unique location footprint and attempts to enhance service levels and delight the customer at every touch point.

    Mahindra Holidays chairman Arun Nanda said, “I am happy to share that the month of March 2014 recorded the highest ever membership sale in the history of the company. We see this as the beginning of the next phase of growth for the company. However a lot remains to be done in the area of cost rationalization and productivity enhancements.”

     

  • Entertainment Network Q1 revenue up 69%, net profit at Rs 13 million

    Entertainment Network Q1 revenue up 69%, net profit at Rs 13 million

    MUMBAI: Entertainment Network India Ltd’s (ENIL) income has grown by 69.2 per cent to Rs 354.5 million for the first quarter ended 30 June 2006 as compared to Rs 209.5 million a year ago.

    Net profit for the quarter ended stood at Rs 13 million. The company incurred a marketing expense of Rs 0.9 million.

    ENIL manages FM broadcasting under the brand name of radio Mirchi.

    The earnings before interest, depreciation, tax and amortization (EBITDA) for the quarter stood at Rs 59.7 million as against Rs 60.1 million in the corresponding period of the previous year.

    On comparing the year-on-year (YoY) performance of the existing seven stations, the topline has grown by 47.3 per cent and earnings has grown by 55 per cent, according to an official release.

    During the quarter, ENIL had launched three new FM stations – in Bangalore, Hyderabad and Jaipur. “The financial result captures the costs for the full quarter whereas the revenue reported is only for part of the quarter,” the release added.

    Commenting on the results ENIL MD and CEO A P Parigi said, “As a company we continue to focus on expanding the FM Radio category and sustaining the leadership of Radio Mirchi in the existing and new markets. Research findings of IMRB, commissioned by us, indicate Radio Mirchi is the No. 1 radio station in terms listenership in Bangalore, Hyderabad and Jaipur”.

    Times Innovative Media Limited (TIMPL), the subsidiary of ENIL, has bagged a few contracts during the quarter. Times OOH Media has won, among others, the advertising rights for Patel Bridge, considered a unique outdoor advertising infrastructure in the city of Mumbai.

    The experiential marketing business, 360 Degrees, has been selected as the nodal agency for Habitat for Humanity, a Jimmy Carter Project – 2006. The project is part of a global endeavour of the former president of United States aimed at establishing low cost housing for the underprivileged across the world.