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Tag: TIO

  • Q2-2016: Hathway Bhawani YoY sales up 10.4%, loss down

    Q2-2016: Hathway Bhawani YoY sales up 10.4%, loss down

    BENGALURU: Hathway Bhawani Cabletel and Datacom Limited (HBCDL) reported a 10.4 per cent YoY growth in net sales or Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 419.74 lakh as compared to Rs 380.14 lakh. Current quarter’s TIO was almost flat (increased 0.6 per cent) QoQ as compared to Rs 416.32 lakh.

     

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

    The numbers in this report are mentioned in Rs lakh in general.

     

    The company reported a lower loss in the current quarter at Rs 12.50 lakh as compared to the loss of Rs 50.14 lakh in the corresponding year ago quarter and a loss of Rs 18.52 lakh in the immediate trailing quarter.

     

    HBCDL’s EBIDTA including ‘Other Income’  (Operating profit) was Rs 10.11 lakh 2.4 per cent margin) as compared to an operating loss of Rs 23.82 lakh in Q2-2015 and was over six times (6.6 times) the EBIDTA of Rs 1.53 lakh reported for Q1-2016.

     

    Let us look at the other numbers reported by HBSDL

     

    HBDCL’s Total Expenditure in the current quarter increased 1.3 per cent YoY to Rs 435.62 lakh (103.8 per cent of TIO) from Rs 429.90 lakh (113.1 per cent of TIO) and was almost flat (declined 0.5 per cent) QoQ from Rs 437.96 lakh (105.2 per cent of TIO).

     

    A major expense head for the company is Pay Channel & Feed Charges (Pay channel). The company’s Pay channel costs in Q2-2016 declined 5.9 per cent YoY to Rs 200.29 lakh (47.7 per cent of TIO) from Rs 212.88 crore (56 per cent of TIO), but increased 1.9 per cent QoQ from Rs 196.49 lakh (47.2 per cent of TIO).

     

    Employee Costs in the current quarter reduced by 12.1 per cent YoY to Rs 36.70 lakh (8.7 per cent of TIO) from Rs 41.75 lakh (11 per cent of TIO), but increased 3.5 per cent QoQ from Rs 35.45 lakh (8.5 per cent of TIO).

     

    The company’s Provision for doubtful receivables in Q2-2016 increased 38.1 per cent YoY to Rs 43.50 lakh (10.4 per cent of TIO) as compared to Rs 31.50 lakh (8.3 per cent of TIO), but declined 18.7 per cent QoQ from Rs 53.50 lakh (12.9 per cent of TIO).

     

    Interest costs in the current quarter reduced 3.9 per cent YoY to Rs 5.15 lakh (1.2 per cent of TIO) from 5.36 lakh (1.4 per cent of TIO) but increased 2.8 per cent QoQ from Rs 5.01 lakh (1.2 per cent of TIO).

  • Q2-2016: Tips YoY Audio Products sales up 12.5%

    Q2-2016: Tips YoY Audio Products sales up 12.5%

    BENGALURU: Tips Industries Limited (Tips) reported a 12.5 per cent growth in its Audio Products Sales to Rs 9.01 core (75 per cent of Total Income from Operations or TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) as compared to the Rs 8 crore (10.3 per cent of TIO) in Q2-2015. QoQ, Audio Product sales grew 1.6 per cent from Rs 8.86 crore (100 per cent of TIO).

     

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

     

    Tips reported TIO of Rs 12.01 crore in the current quarter. In Q2-2014, higher revenue from films resulted in the company reporting 6.5 times higher revenue of Rs 78 crore. In the immediate trailing quarter, Tips reported revenue of Rs 8.86 crore.

     

    The company reported profit after tax (PAT) of Rs 1.59 crore (13.2 per cent margin) in Q2-2016 as compared the profit of Rs 13.53 crore (17.3 per cent margin) in Q2-2015 and a loss of Rs 0.62 crore in Q1-2016.

     

    Segment numbers

     

    The company’s Audio Production Sales/Income segment reported 2.6 times the operating profit of Rs 7.91 crore in Q2-2016 as compared to the Rs 3.05 crore in Q2-2015 and 3.9 per cent more than the Rs 7.62 crore in Q1-2016.

     

    Tips Film Production/Distribution (Production) segment reported revenue of Rs 3 crore (25 per cent of TIO) in the current quarter as compared to the Rs 70 crore (89.7 per cent of TIO) in Q2-2015. For Q1-2016, the segment had reported ‘nil’ revenue.

     

    Tips Production segment reported operating loss of Rs 0.88 crore as compared to an operating profit of Rs 19.07 crore in Q2-2015 and an operating loss of Rs 3 crore in the immediate trailing quarter.

     

    Let’s look at the other numbers reported by Tips

     

    The company’s simple EBIDTA calculated without considering other income in the current quarter was 75.7 per cent lower at Rs 4.86 crore (40.5 per cent margin)  as compared to the Rs 20.03 crore (25.7 per cent margin) in Q2-2015 and was 63.6 per cent more than the Rs 2.97 crore (33.5 per cent margin) in Q1-2016.

     

    The company’s Total Expenses in the current quarter reduced by 87 per cent YoY to Rs 7.57 crore (63 per cent of TIO) as compared to Rs 58.40 crore (74.9 per cent of TIO) and increased by 19.6 per cent from Rs 6.33 crore (71.4 per cent of TIO) in Q1-2016.

     

    Tips cost of production/distribution of films in Q2-2016 reduced 93.4 per cent YoY to Rs 3.31 crore (27.6 per cent of TIO)  from Rs 50.44 crore (64.7 per cent of TIO) and increased 28.3 per cent to Rs 2.58 crore (29.1 per cent of TIO) in the immediate trailing quarter.

     

    The company’s finance costs in Q2-2016 at Rs 3.31 crore (27.6 per cent of TIO) was 15.4 per cent YoY as compared to Rs 2.87 crore (3.7 per cent of TIO), but was 2.2 per cent lower than the Rs 3.39 crore (38.2 per cent of TIO) in Q1-2016.

     

    Employee Benefit Expense in the current quarter at Rs 1.41 crore (11.7 per cent of TIO) was 9.1 per cent lower than the Rs 1.55 crore (2 per cent of TIO) in Q2-2015 and was almost flat (0.9 per cent lower) as compared to the Rs 1.42 crore (16 per cent of TIO) in the immediate trailing quarter.

  • Q2-2016: Den Network’s QoQ revenue up 2.1%

    Q2-2016: Den Network’s QoQ revenue up 2.1%

    BENGALURU: Den Networks Ltd (Den Networks) reported 2.1 per cent growth in consolidated Total Income from operations (TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 271.29 crore as compared to the Rs 265.60 crore in Q1-2016. TIO in the current quarter however was per cent per cent lower than the Rs 291.72 crore in the corresponding year ago quarter.

     

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

     

    The company’s consolidated net loss in Q2-2016 increased to Rs 75.23 crore as compared to the loss of Rs 51.89 crore in Q1-2016 and a loss of Rs 20.45 crore in Q2-2015.

     

    Cable Distribution Network revenue in Q2-2016 increased 1.4 per cent to Rs 263.06 crore as compared to Rs 259.46 crore in Q1-2016, but declined 9.4 per cent from Rs 290.28 crore in Q2-2015. This segment reported lower operating loss in Q2-2016 at Rs 32.11 crore as compared to the Rs 34.92 crore in Q1-2016 and an operating profit of Rs 8.64 crore in Q2-2015.

     

    Den’s Cable Subscription Revenue net of activation and LCO share in Q2-2016 declined three per cent QoQ to Rs 115 crore from Rs 119 crore and was flat YoY at Rs 115 crore. Placement Income in the current quarter declined six per cent QoQ and YoY to Rs 111 crore from Rs 118 crore. Activation revenues increased 80 per cent QoQ to Rs 27 crore from Rs 15 crore and increased 64 per cent from Rs 17 crore.

     

    Den’s Broadband revenue increased 58 per cent in the current quarter to Rs 8.23 crore as compared to the Rs 5.21 crore in Q1-2016 and Rs 1.44 crore in the corresponding year ago quarter. Operating loss from broadband however increased to Rs 23.07 crore in Q2-2016 as compared to the operating loss of Rs 19.67 crore in the immediate trailing quarter and an operating loss of Rs 10.7 crore in Q2-2015.

     

    Subscription Status and TV Shop

     

    The company says that it has seeded 3.5 lakh set top boxes (STB) in the current quarter as compared to 1.85 lakh in the previous quarter. Den has already seeded 26 lakh STBs in Digital Addressable Systems (DAS) Phase III areas. Its digital customer base at the end of the current quarter was 76 lakh as compared to 72 lakh in the previous quarter and 66 lakh in Q2-2015.

     

    In the case of broadband, the company added 21,000 subscribers in the current quarter as compared to 12,000 in Q1-2016. Its total broadband subscriber base in Q2-2016 was 57,000 as compared to 35,000 in Q1-2016 and 16,000 in Q2-2015.

     

    For its TV Shop, it has a reach of 380 lakh and added Videocon DTH to the distribution reach. Monthly GMV (Gross Merchandise Value) rate was Rs 17 crore as compared to the Rs 12 crore in the previous quarter.

     

    Let us look at the other numbers reported by Den:

     

    The company’s Total Expenses in Q2-2016 at Rs 335.04 crore (123.5 per cent of TIO) increased 4.6 per cent QoQ as compared to Rs 320.33 crore (120.6 per cent of TIO) and increased 12.5 per cent YoY from Rs 297.82 crore (102.1 per cent of TIO).

     

    Content cost in Q2-2016 at Rs 136.77 crore (50.4 per cent of TIO) was almost flat (increased 0.5 per cent) QoQ as compared to Rs 136.06 crore (51.2 per cent of TIO) was 25.6 per cent more than the Rs 108.91 crore (37.3 per cent of TIO) in Q2-2015.

     

    The company’s interest and finance costs in Q2-2016 increased 16.3 per cent QoQ to 21.25 crore (7.8 per cent of TIO) as compared to Rs 18.27 crore (6.9 per cent of TIO) but declined 6.4 per cent as compared to the Rs 22.90 crore (7.8 per cent of TIO) in Q2-2015.

     

    Employee Benefit Expense at Rs 34.15 crore (12.9 per cent of TIO) in Q1-2016 was 20 per cent more than the Rs 28.46 crore (9.5 per cent of TIO) in Q1-2015 and was 13.4 per cent more than the Rs 30.12 crore (11.1 per cent of TIO) in Q4-2015.

     

    Employee Benefit Expense in the current quarter increased 3.5 per cent QoQ to Rs 35.35 crore (13 per cent of TIO) from Rs 34.15 crore (12.9 per cent of TIO) and increased 36.9 per cent YoY from Rs 25.83 crore (8.9 per cent of TIO).

  • Q2-2016: Shemaroo revenue up 10% at Rs 93.62 crore

    Q2-2016: Shemaroo revenue up 10% at Rs 93.62 crore

    BENGALURU: Indian integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported 10.2 per cent higher  consolidated Total Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 93.62 crore as compared to Rs 84.96 crore in Q2-2015 and 20.4 per cent more than the Rs 77.63 crore in Q1-2016. 

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

    (2) All numbers are consolidated unless stated otherwise.

    Shemaroo’s consolidated PAT for the current quarter improved 30.7 per cent to Rs 11.20 crore (12 per cent margin) as compared to the Rs 8.57 crore (10.1 per cent margin) but declined four per cent as compared to the Rs 11.67 crore (15 per cent margin) in Q1-2016.

    Shemaroo’s EBIDTA including other income at Rs 24.34 crore (26 per cent margin) increased 14.8 per cent YoY as compared to Rs 21.20 crore (25 per cent margin) and declined by 0.6 per cent QoQ from Rs 24.48 crore (31.5 per cent margin).

    The company’s Total Expenditure (TE) in Q2-2016 at Rs 70.86 crore (75.7 per cent of TIO) increased 9.2 per cent YoY as compared to Rs 64.91 crore (76.4 per cent of TIO) and was 30 per cent more than Rs 54.50 crore (70.2 per cent of TIO) in Q1-2016.

    The company’s cost of Raw Materials consumed increased 89.4 per cent in Q2-2016 to Rs 113.58 crore (121.3 per cent of TIO) as compared to Rs 59.98 crore (70.6 per cent of TIO) in Q2-2015 and was 22.6 per cent more than the Rs 92.65 crore (119.3 per cent of TIO) in Q1-2015.

    Employee Benefit Expense (EBE) in Q2-2015 increased 30.9 per cent to Rs 6.01 crore (6.4 per cent of TIO) as compared to the Rs 4.59 crore (5.4 per cent of TIO) and was 31.2 per cent more than the Rs 4.58 crore (5.9 per cent of TIO) in Q1-2016.

    Basic and undiluted EPS in Q2-2016 was Rs 4.12; in Q2-2015 EPS was Rs 4.30 and in Q1-2016 was Rs 4.29.

  • Q2-2016: Just Dial revenue up 16.2%; PAT up 47%

    Q2-2016: Just Dial revenue up 16.2%; PAT up 47%

    BENGALURU: Indian search engine and directory services provider Just Dial Limited (Just Dial) reported a 16.2 per cent jump its total income from operations (TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) to Rs 171.27 crore as compared to the Rs 147.50 crore in Q2-2105 and 1.6 per cent growth as compared to Rs 168.62 crore in Q1-2016.

     

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

    The numbers in this report are unaudited and unconsolidated.

     

    Let us look at the other numbers reported by Just Dial:

     

    Just Dial’s PAT for Q2-2016 increased 47 per cent to Rs 46.30 crore (27 per cent margin) as compared to the Rs 31.49 crore (21.4 per cent margin) and increased 39.6 per cent to Rs 33.17 crore (19.7 per cent margin) in Q1-2016.

     

    Simple EBIDTA in Q2-2016 at Rs 39.72 crore (23.2 per cent margin) declined 6.8 per cent from Rs 42.6 crore (25.3 per cent margin) in Q2-2015 and declined 18 per cent from Rs 48.42 crore (28.7 margin) in the immediate trailing quarter.

     

    The company’s Total Expenditure (TE) in Q2-2016 at Rs 139.44 crore (81.4 per cent of TIO) was 25.5 per cent more than the Rs 111.11 crore (75.4 per cent of TIO) in Q2-2015 and 9.9 per cent more than the Rs 126.93 crore (75.3 per cent of TIO) in Q1-2016.

     

    Employee Benefit Expense (EBE) is the major expense head for Just Dial. EBE in Q2-2016 at Rs 96.18 crore (56.2 per cent of TIO) was 26.9 per cent more than the Rs 75.78 crore (51.4 per cent of TIO) in Q2-2015 and was 9.2 per cent more than the Rs 88.11 crore (52.3 per cent of TIO) in Q1-2016.

  • Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

    Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

    BENGALURU: The Essel Group’s education company Zee Learn Limited (Zee Learn) reported 34.9 per cent higher Total Income from Operations (TIO, revenue) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 30.70 crore as compared to the Rs 22.76 crore in Q2-2015. Q2-2016 TIO was however 14.2 per cent lower than the Rs 35.79 crore in Q1-2016.

     

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

     

    The company’s marketing, advertisement and publicity expense (marketing expense) for Q2-2016 at Rs 1.78 crore (5.8 per cent of TIO) was 13.2 per cent more than the Rs 1.58 crore (6.9 per cent of TIO) in Q2-2016. Marketing expense in the current quarter was 61.9 per cent lower than the Rs 4.68 crore (13.1 per cent of TIO) in the immediate trailing quarter.

     

    Let’s look at the other numbers reported by Zee Learn:

     

    The company’s Profit After Tax (PAT) declined 5.6 per cent to Rs 1.08 crore (3.5 per cent margin) from Rs 1.14 crore (five per cent margin) and declined by 72.8 per cent from Rs 3.96 crore (11.1 per cent margin) in Q1-2016.

     

    Zee Learn’s Total expenditure (TE) in Q2-2016 at Rs 25.43 crore (86.1 per cent of TIO) was 37.8 per cent more than the Rs 19.18 crore (84.3 per cent of TIO) in Q2-2015 but was 9.3 per cent lower than the Rs Rs 29.14 crore (81.4 per cent of TIO) in Q1-2016.

     

    Employee Benefit Expense (EBE) in Q2-2016 at Rs 7.25 crore (23.6 per cent of TIO) was 24.2 per cent higher than the Rs 5.84 crore (25.7 per cent of TIO) in Q2-2015 and was 17.5 per cent more than the Rs 6.17 crore (17.2 per cent of TIO) in Q1-2016.

     

    In Q2-2016, Zee Learn’s operating cost at Rs 0.85 crore (2.8 per cent of TIO) was 65.8 per cent more than the Rs 0.51 crore (2.2 per cent of TIO) in the corresponding year ago quarter and was 52.7 per cent more than the Rs 0.56 crore (1.6 per cent of TIO) in Q1-2016.

     

    Other expense in Q2-2016 at Rs 7.46 crore (24.3 per cent of TIO) was 36 per cent more than the Rs 5.49 crore (24.1 per cent of TIO) but was three per cent lower than the Rs 7.69 crore (21.5 per cent of TIO) in Q1-2016.

     

    Zee Learn says that on 28 June, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other Current Assets to the extent of the above amount. On settlement of the claim by the insurance company, the difference in loss claim and actual claim received, if any, will be charged to the Statement of Profit and Loss Account.

  • Q2-2016: Inox YoY revenue up riding on higher box office, PAT quadruples

    Q2-2016: Inox YoY revenue up riding on higher box office, PAT quadruples

    BENGALURU: Inox Leisure Limited reported 33.6 per cent increase in Total Income from Operations (TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 355.38 crore as compared to the Rs 265.94 crore in Q2-2015. The company’s TIO in Q2-2016 also improved 192 basis points as compared to the Rs 348.68 crore in the immediate trailing quarter.

     

    The increase was driven by a 35.5 per cent increase in box office collection in the current quarter at Rs 243.87 crore as compared to the Rs 179.96 crore in Q2-2015 and fractionally higher than the Rs 239.38 crore in the immediate trailing quarter.

     

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

    (2) Figures include Satyam Cineplexes Limited which became wholly owned subsidiary of the company on 8th Aug 2014.

     

    Improved Box Office performance of a number of movies saw the company’s PAT in the current quarter almost quadruple (up 3.92 times) to Rs 20.51 crore (5.8 per cent margin) as compared to the Rs 5.23 crore (two per cent margin) in Q2-2015, but declined 18.8 per cent as compared to the Rs 25.26 crore (7.2 per cent margin) in the immediate trailing quarter.

     

    Performance of movies like Bajrangi Bhaijaan (Rs 53.26 crore GBOC or Gross Box Office Collection, 28 lakh footfalls); Baahubali –The Beginning (Rs 39.67 crore, 25 lakh footfalls); Welcome Back (Rs 16.1 crore GBOC, 10 lakh footfalls); Drishyam (Rs 13.72 crore GBOC, 8 lakh footfalls) and Brothers (11.03 crore GBOC, 6 lakh footfalls) drove the resurgence in revenue as well profit after tax (PAT).

     

    Footfalls, occupancy rates and average ticket price

     

    Inox reported a 30 per cent increase in footfalls in the current quarter at 145 lakh as compared to the 112 lakh in the corresponding year ago quarter and flat as compared to the 145 lakh in Q1-2016.

     

    Occupancy rate in Q2-2016 improved to 32 per cent as compared to the 26 per cent in Q2-2015 and slightly lower than the 33 per cent in the immediate trailing quarter.

     

    Average Ticket Price (APT) increased 3.6 per cent to Rs 167 in the current quarter as compared to the Rs 161 in Q2-2015 and Rs 165 in the immediate trailing quarter.

     

    Advertising, food and beverages and other operating revenues

     

    The company reported 20.2 per cent higher advertising revenue in Q2-2016 at Rs 21.40 crore as compared to the Rs 17.81 crore in Q2-2015 and was 3.2 per cent more than the Rs 20.72 in Q1-2016.

     

    Food and Beverages revenue (F&B) in Q1-2016 increased 36.5 per cent to Rs 69.24 crore as compared to the Rs 50.77 crore in Q2-2015, but declined 6.3 per cent as compared to the Rs 73.89 crore in Q1-2016.

     

    Other operating revenue increased 19.9 per cent to Rs 20.87 crore as compared to the Rs 17.40 crore in Q2-2015 and was 42 per cent more than the Rs 14.70 crore in Q1-2016.

     

    Entertainment Tax, Distributors share and F&B costs, rents, etc.

     

    Inox paid 48.7 per cent higher entertainment tax in Q2-2016 at Rs 47.57 crore as compared to the Rs 32 crore in Q2-2015 and 2.9 per cent more than the Rs 42.63 crore in Q1-2016.

     

    Distributors share (exhibition cost) in Q2-2016 at Rs 86.61 crore increased 26.1 per cent as compared to the Rs 68.71 crore in Q2-2015 and was 1.6 per cent more than the Rs 85.21 crore in Q1-2016.

     

    F&B costs in Q2-2016 increased 31.6 per cent to Rs 17.6 crore as compared to the Rs 13.37 crore in Q2-2015, but declined 4.2 per cent as compared to the Rs18.38 crore in Q1-2016.

  • Q2-2016: Zee Media EBIDTA up 9.7 percent

    Q2-2016: Zee Media EBIDTA up 9.7 percent

    BENGALURU:  Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited reported a 3.1 percent deline in Total Income from Operations (TIO) to Rs 127.04 crore in the quarter ended September 30, 2015 (Q2-2016, current quarter) as compared to the Rs 131.12 crore in Q2-2015. TIO in the current quarter was 6.1 percent lower than the Rs 135.26 crore in Q1-2016.

     

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

    (2) The figures in this report are consolidated figures unless stated otherwise

     

    ZMCL’s EBIDTA however improved 9.7 percent to Rs 6.71 crore in the current quarter as compared to the Rs 6.12 crore in Q2-2015. ZMCL’s EBIDTA in the immediate trailing quarter was higher at Rs 14.76 crore.

     

    ZMCL’s existing television channels returned positive operating results (Positive EBIDTA) of Rs 17.43 crore crore in Q2-2016. Its TV Broadcasting EBIDTA was negatively impacted to the extent of Rs 7.26 crore by its new channels, and hence the TV Broadcast business returned a positive EBIDTA of Rs 10.17 crore.  Overall, ZMCL’s EBIDTA was further impacted by a negative EBIDTA of Rs 3.45 crore from its Print Business, hence the company reported the EBIDTA of Rs 6.71 crore mentioned above in Q2-2016.

     

    While the company’s Television Broadcast business revenue grew YoY grew 1.8 percent to Rs 100.30 crore in the current quarter as compared to Rs 98.56 crore in the corresponding year ago quarter, its Print business revenue declined 7.9 percent to Rs 30.02 crore as compared to Rs 32.59 crore. TV Broadcast business revenue in Q1-2016 was higher at Rs 108.64 crore, while Print business revenue was lower at Rs 28.04 crore.

     

    Advertisement and Subscription Revenues

     

    The company’s overall advertising and subscription revenues declined both YoY and QoQ in Q2-2016. ZMCL reported 2.6 percent lower advertising revenue of Rs 90.69 crore (71.4 percent of Total Revenue) in the current quarter as compared to 93.14 crore (71 percent of Total Revenue) in Q2-2015 and was 6.3 percent lower than the Rs 96.75 crore (71.5 percent of Total Revenue).

     

    TV Business advertisement revenue increased 2.1 percent to Rs 72.59 crore in Q2-2016 as compared to the Rs 71.1 crore in Q2-2015, but declined 8.9 percent as compared to the Rs 79.72 crore in the immediate trailing quarter. TV Business Advertisement revenue from existing channels declined 3.9 percent in the current quarter to Rs 65.93 crore as compared to the Rs 68.58 crore in Q2-2015 and declined 11 percent as compared to the Rs 74.05 crore in Q1-2016. Advertisement revenue from new channels more than doubled (went up 2.7 times) to Rs 6.66 crore as compared to the Rs 2.52 crore in Q2-2015 and increased 17.3 percent as compared to the Rs 5.68 crore in Q1-2016.

     

    Overall subscription revenue in the current quarter declined 3 percent to Rs 27.24 crore (21.4 percent of Total Revenue) in Q2-2016 as compared to the Rs 28.07 crore (21.4 percent of Total Revenue) in the corresponding year ago quarter and was 5 percent lower than the Rs 28.67 crore (21.2 percent of Total Revenue) in the immediate trailing quarter.

     

    TV Business YoY subscription revenue declined 0.2 percent in the current quarter to Rs 24.44 crore as compared to the Rs 24.62crore in Q2-2015, and declined 5.4 percent as compared to the Rs 25.84 crore in Q1-2016.

     

    Let us look at the other numbers reported by ZMCL

     

    ZMCL’s Total Expenditure in the current quarter declined 3.4 percent to Rs 133.35 crore as compared to the Rs 138.01 crore in Q2-2015, but increased 0.3 percent as compared to the Rs 133.01 crore in Q1-2016.

     

    Employee Benefits Expense in Q2-2016 declined 7.2 percent to Rs 38.60 crore in Q2-2016 as compared to the Rs 41.60 crore in the corresponding year ago quarter and was 8.3 percent lower than the Rs 42.11 crore in Q1-2016.

     

    Operational Cost in Q2-2016 declined 17.5 percent to Rs 21.14 crore as compared to the Rs 25.62 crore in Q2-2015 but was 1.7 percent higher than the Rs 20.79 crore in Q1-2016.

     

    Marketing, Distribution and Business Promotion Expenses in Q2-2016 increased 66 percent to Rs 24.97 crore as compared to the Rs 15.04 crore in Q2-2015 and was 15.3 percent more than the Rs 21.65 crore in the immediate trailing quarter.

     

    ZMCL’s loss in Q2-2016 increased to Rs 16.98 crore as compared to the loss of Rs 11.53 crore in Q2-2015 and the loss of Rs 7.1 crore in Q1-2016.

     

    Group CEO, News Cluster  Bhaskar Das said, “With hardly any content differentiators, news has become commoditized over the years. Fragmentation has also not helped the cause of the genre. However, we at Zee Media have been constantly investing on breaking the clutter and creating path breaking content so that we can distinctly set ourselves apart from the current normal. Our breakthrough experiments in content have borne results.”

     

    Das further added, “Zee News, the pioneer in news broadcasting in India, has turned into viewers’ first choice of late as we continue to make the content meaningful and relevant in the context of the current discourse. The bouquet of ZMCL channels and our newspaper, dna, continue to be one of India’s largest news networks and we leverage our multiple access points to reach both our viewers and advertisers, providing value to every stakeholder at every step.”

  • Q2-2016: HUL YoY marketing spends up 23.8%

    Q2-2016: HUL YoY marketing spends up 23.8%

    BENGALURU: Indian FMCG giant Hindustan Unilever Limited’s (HUL) Advertisement and Promotions expense (marketing spends, ASP) in Q2-2016 (quarter ended 30 September, 2015, current quarter) was 23.8 per cent more at Rs 1145.04 crore (14.4 per cent of Total Income from operations or TIO, approximately $176.7 million) than the Rs 925.05 crore (12.1 per cent of TIO) in Q2-2015 but was 0.7 per cent lower than the Rs 1153.39 crore (14.2 per cent of TIO) in Q1-2016.

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

    (2) All figures in this report are standalone figures filed by the company. The trends are based on the numbers submitted by the company or picked up from the company’s website. For performance of HUL’s various product lines please refer to the attached earnings release for Q1-2016.

    (3) The US dollar figures are approximately based on a conversion rate of 1US$ = Rs 64.79 at a particular time on October 19, 2015.The converted numbers have been rounded off.

    HUL chairman Harish Manwani said, “The business delivered another quarter of profitable volume-led growth. We continue to invest behind our brands and in-market executional capabilities to drive the competitiveness of our portfolio. The deflationary commodity cost environment is likely to continue in the near term and our strategy of delivering consistent and competitive growth with sustainable improvement in operating margin remains unchanged.”

    Advertising and Sales Promotion trends

    HUL’s ASP in Q1-2016 was the highest during a four quarter period starting Q1-2013 until Q2-2016 in terms of absolute rupees. Q2-2016 ASP (current quarter) in terms of percentage of TIO was the highest during the period under consideration. Further, during the period under consideration in this report, ASP in absolute rupee spends shows a marked linear increasing trend, while ASP in percentage of TIO terms shows a slight linear increasing trend. The company’s lowest ASP was in Q2-2013 at Rs 768.98 crore (12.2 per cent of TIO) in absolute rupee spends during the period under consideration, while the lowest in terms of percentage of TIO was in Q4-2014 at 11.8 per cent of TIO (Rs 840.34 crore). Please refer to Fig A above.

    If the company follows the trends of the past three fiscals, at least one or more quarter in FY-2016 will see higher ASP in terms of absolute rupees than Q1-2016.

    HUL Revenue and PAT

    Please refer to Fig B above. HUL reported 4.1 per cent growth in TIO in Q2-2016 at Rs 7955.39 crore as compared to the Rs 7639.33 crore in the corresponding year ago quarter, but was 1.8 per cent lower than the Rs 8105.13 crore in Q1-2016. The company’s TIO shows a linear increasing trend as indicated by the broken blue trend line in Fig B. TIO in Q1-2016 is the highest reported by the company during the 13 quarter period under consideration in this report.

    HUL’s PAT in Q2-2016 was lower by 2.6 per cent at Rs 962.24 crore (12.1 per cent margin) as compared to the Rs 988.1 crore (12.9 per cent margin) in Q2-2015 and was 9.1 per cent lower than the Rs 1059.14 crore (13.1 per cent margin) in Q1-2015. During the period under consideration, HUL’s highest PAT was in Q1-2013 at Rs 1331.19 crore (20.9 per cent of TIO), both in terms of absolute rupees and in percentage of TIO. While PAT in absolute rupees shows a linear increasing trend as indicated by the broken pink trend line in Fig B below, while in terms of percentage of TIO, the linear trend is declining as indicated by the broken yellow line.

    Company Speak

    During the quarter, the Domestic Consumer business grew at five per cent, with seven per cent underlying volume growth. The growth in the quarter continued to be impacted by the phasing out of Excise Duty incentives and price de-growth, as the benefit of lower commodity costs was passed on to consumers.

    Soaps and Detergents: Robust volume growth partially offset by price deflation. Skin Cleansing was driven by double digit volume growth on Dove, Pears, Hamam and Lifebuoy. The liquids portfolio registered another robust quarter.

    In Laundry, growth was led by the premium segment, with Surf maintaining its strong momentum and Rin accelerating post relaunch. Comfort Fabric Conditioner delivered another strong performance on the back of sustained market development. Household Care growth was driven by Vim, with the tubs and liquids portfolio doing well. The segment witnessed further price deflation in the quarter due to soft commodity costs.

    Personal Products: Healthy double digit growth

    Skin Care delivered broad based growth across Fair and Lovely, Pond’s, Lakme and Vaseline. Fair and Lovely continued to do well, while the performance of Pond’s was led by premium skin lightening and Lakme by Perfect Radiance and CC Cream. The facial cleansing portfolio sustained high growth.

    Hair Care maintained its momentum with another strong quarter of volume led double digit growth, as Dove growth accelerated and TRESemmé gained further ground.

    In Oral Care, Close Up registered double digit growth on the back of impactful activation.

    In Colour Cosmetics, Lakme delivered another quarter of innovation led double digit growth across the core, Absolute and 9 to 5 ranges.

    Beverages: Steady performance

    Tea growth was led by Red Label and another quarter of high growth on Lipton Green Tea, driven through impactful market activation. In Coffee, Bru Gold continued to lead category premiumisation and performed well.

    Packaged Foods: Eighth successive quarter of double digit growth

    Packaged Foods saw double digit growth across all key brands, driven by the continued focus on market development. Kissan sustained robust activation led growth across both Ketchups and Jams while Knorr growth was led by the strong performance on Instant Soups. In Ice Creams, Kwality Walls had a good quarter on sharper in-market execution and Magnum continues to perform well and delight its consumers.

    Water: Leadership sustained in a challenging market context In a soft market, Pureit continued to drive the performance of premium devices with a focus on Modern Trade and in-store execution. The business benefited from a strong performance in the e-commerce channel.

    The Board of Directors have declared an interim dividend of Rs 6.5 per equity share of face value Re 1 each, for the year ending 31 March, 2016.

  • Q1-2016: Vision Cinemas reports net sales & PAT growth of 69%

    Q1-2016: Vision Cinemas reports net sales & PAT growth of 69%

    BENGLAURU: The good days for the movie business seem to continue in this quarter also. A small three-screen multiplex with a food-court in Bengaluru, Vision Cinema Limited (Vision Cinema) reported 69.2 per cent growth in net sales/income from operations (excluding branch transfer, net of excise duty) or TIO to Rs 156.05 lakh in the quarter ended 30 September, 2015 (Q1-2015, since the company’s financial year is 1 July to 30 June) from Rs 92.22 lakh in the corresponding quarter of last year. TIO was 26.5 per cent higher than the Rs 123.4 lakh in the previous quarter (Q4-2015).

     

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

     

    Vision Cinemas PAT in Q3-2015 more than trebled (3.44 times) at Rs 39.16 lakh as compared to the Rs 11.39 lakh in Q1-2015 and 69.4 per cent more than the Rs 23.12 lakh in Q4-2015.

     

    Total expense (TE) for Q1-2016 at Rs 110.04 lakh was 45.6 per cent more than the Rs 75.58 lakh in Q1-2015 and was 12.1 per cent more than the Rs 98.13 lakh in Q4-2015.

     

    A major component of the company’s TE is ‘Purchase of Traded Goods – Distributor Share of Revenue’ (Distributor share). Vision Cinemas spent Rs 56.68 lakh in Q1-2016 towards distributor share, which was 29 per cent more than the Rs 43.93 lakh in Q1-2015 and 28.9 per cent more than the Rs 43.98 lakh in the immediate trailing quarter.

     

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