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Tag: Videocon d2h

  • FY-16: Videocon d2h adds 16.8 lakh subs, Op Profit up 32.5 percent

    FY-16: Videocon d2h adds 16.8 lakh subs, Op Profit up 32.5 percent

    BENGALURU: Videocon d2h Limited (Videocon d2h) led by executive chairman Saurabh Dhoot reported 16.8 lakh net subscriber additions during the year ended 31 March 2016 (FY-16, current year). The company reported a subscriber base of 118.6 lakh at the end of the current year as compared to 101.8 at the end of the previous fiscal (FY-15), hence a growth of 16.5 percent in FY-16 as compared to FY-15. Gross subscribers increased by 26.5 lakh in FY-16. Incremental subscriber churn in the current year reduced by 7 basis points to 0.73 percent as compared to 0.80 percent in FY-16.The company claims to have added the largest number of subscribers amongst its peers in India for the sixth year in a row in FY-16.

    Videocon d2h reported simple EBIDTA (Operating Profit, Earnings before Interest-Depreciation-Tax-Amortisation) of Rs 789.52 crore (EBIDTA margin of 27.6 percent) for FY-16 which was 32.5 percent more than the Rs 595.64 crore (25.5 percent EBIDTA margin) in FY-16.

    Revenue in the current year increased 22.2 percent to Rs 2,855.86 crore from Rs 2,337.71 crore in the previous year. Subscription and Activation revenue in FY-16 grew 26.4 percent to Rs 2,607 crore compared to Rs 2,063 crore in FY-15.

    Note: 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.

    Average Revenue per User (ARPU) in FY-16 increased by Rs 11 from Rs 196 in the previous year to Rs 207 in FY-16.

    The DTH major reported a lower loss in FY-16 at Rs 92.21 crore as compared to a loss of Rs 272.66 crore in FY-15.

    Total Expenditure (TE) in FY-16 increased 17.8 percent to Rs 2,675.19 crore (93.7 percent of revenue) from Rs 2,270.75 crore (97.1 percent of revenue) in FY-15.

    Videocon d2h reported higher content costs for FY-16, which increased to 37.8 percent of revenue as compare to 36.2 percent of revenue in the previous year.

    Fourth Quarter of 2016 numbers

    The fourth quarter – quarter ended 31 March 2016 (Q4-16, current quarter), has been a great quarter for the company in terms of financial and operational performance.

    For Q4-16 Videocon d2h added 5.9 lakh net subscribers. The company reported 5.2 percent quarter-over-quarter (q-o-q) growth in subscribers for Q4-16 at 118.6 lakh as compared to 112.7 lakh in the immediate trailing quarter Q3-16. Gross subscribers increased by 7.9 lakh in Q4-16. Incremental subscriber churn in Q4-16 increased 16 basis points to 0.58 percent year-over-year (y-o-y) from 0.42 percent but declined 15 basis points q-o-q from 0.73 percent.

    Simple EBIDTA in the current quarter increased 33.7 percent y-o-y to Rs 216.20 crore (28 percent EBIDTA margin) from Rs 161.71 crore (25.9 percent margin) and increased 9.4 percent q-o-q from Rs 197.71 crore.

    Subscription and activation revenue in the current quarter grew 20.9 percent y-o-y to Rs 706 crore and grew 6.2 percent q-o-q from Rs 665 crore. SAC in the form of hardware subsidies at Rs 1,776 per subscriber during Q4-16 was higher than the Rs 1,726 in the immediate trailing quarter. SAC in FY-15 averaged Rs 1,984

    ARPU in the current quarter increased by Rs 12 y-o-y from Rs 202 in the corresponding year ago quarter to Rs 214 in Q4-16. ARPU in Q4-16 increased q-o-q by Rs 3 from Rs 211 in Q3-16.

    Videocon d2h reported lower y-o-y and q-o-q loss in Q4-16. Loss in the current quarter declined to Rs 21.18 crore as compared to a loss of Rs 75.74 crore in the corresponding year ago quarter and a loss of Rs 22.05 crore in the immediate trailing quarter.

    TE in Q4-16 increased 19.4 percent y-o-y to Rs 721.77 crore (93.6 percent of revenue) from Rs 605.55 crore (96.7 percent of revenue) and increased 5.4 percent q-o-q from Rs 684.58 crore (93.6 percent of revenue)

    Content cost in Q4-16 was lower in terms of percentage of revenue at 37.5 percent as compared to 38.4 percent in Q4-15 and 38.5 in Q3-16.

    Company speak

    Videocon d2h executive chairman Dhoot said, “Fiscal 2016 has been a landmark year for Videocon d2h, as it was the first fiscal year after our NASDAQ listing, and it has been a great journey. I am delighted to share that our strong net subscriber additions, rising revenue realization and operating leverage benefit resulted in 31.5 percent Adjusted EBITDA growth for fiscal 2016, in spite of increases in service tax rates and the implementation of a new ‘clean India initiative’ tax during the year.”

    “During the year, we accomplished numerous technological advancements, such as the development of HD Smart Connect Set Top Box, our new connected set-top box which allows customers to view normal DTH services as well as internet and over-the-top content and applications. This development demonstrates our expertise and innovation in creation, delivery and execution of technologically advanced products,” revealed Dhoot.

    Speaking on the business outlook for the DTH sector, Videocon d2h CEO Anil Khera said “There have been a series of industry developments in fiscal 2016, which we believe will provide for growth opportunities in the DTH sector in India. The implementation of Phase III digitization of the Digital Addressable Cable TV System program of the government of India that began in January 2016 was an example of such a development. It led to a surge in new subscriber additions for various distribution platforms. While the momentum slowed down as many state high courts issued a temporary stay order against digitization, we are still seeing higher subscriber additions from Phase III markets as compared to previous years.”

    “In addition, the deadline for Phase IV digitization is December 31, 2016, which we believe covers approximately 80 million (8 crore) television homes,” added Khera.

  • FY-16: Videocon d2h adds 16.8 lakh subs, Op Profit up 32.5 percent

    FY-16: Videocon d2h adds 16.8 lakh subs, Op Profit up 32.5 percent

    BENGALURU: Videocon d2h Limited (Videocon d2h) led by executive chairman Saurabh Dhoot reported 16.8 lakh net subscriber additions during the year ended 31 March 2016 (FY-16, current year). The company reported a subscriber base of 118.6 lakh at the end of the current year as compared to 101.8 at the end of the previous fiscal (FY-15), hence a growth of 16.5 percent in FY-16 as compared to FY-15. Gross subscribers increased by 26.5 lakh in FY-16. Incremental subscriber churn in the current year reduced by 7 basis points to 0.73 percent as compared to 0.80 percent in FY-16.The company claims to have added the largest number of subscribers amongst its peers in India for the sixth year in a row in FY-16.

    Videocon d2h reported simple EBIDTA (Operating Profit, Earnings before Interest-Depreciation-Tax-Amortisation) of Rs 789.52 crore (EBIDTA margin of 27.6 percent) for FY-16 which was 32.5 percent more than the Rs 595.64 crore (25.5 percent EBIDTA margin) in FY-16.

    Revenue in the current year increased 22.2 percent to Rs 2,855.86 crore from Rs 2,337.71 crore in the previous year. Subscription and Activation revenue in FY-16 grew 26.4 percent to Rs 2,607 crore compared to Rs 2,063 crore in FY-15.

    Note: 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.

    Average Revenue per User (ARPU) in FY-16 increased by Rs 11 from Rs 196 in the previous year to Rs 207 in FY-16.

    The DTH major reported a lower loss in FY-16 at Rs 92.21 crore as compared to a loss of Rs 272.66 crore in FY-15.

    Total Expenditure (TE) in FY-16 increased 17.8 percent to Rs 2,675.19 crore (93.7 percent of revenue) from Rs 2,270.75 crore (97.1 percent of revenue) in FY-15.

    Videocon d2h reported higher content costs for FY-16, which increased to 37.8 percent of revenue as compare to 36.2 percent of revenue in the previous year.

    Fourth Quarter of 2016 numbers

    The fourth quarter – quarter ended 31 March 2016 (Q4-16, current quarter), has been a great quarter for the company in terms of financial and operational performance.

    For Q4-16 Videocon d2h added 5.9 lakh net subscribers. The company reported 5.2 percent quarter-over-quarter (q-o-q) growth in subscribers for Q4-16 at 118.6 lakh as compared to 112.7 lakh in the immediate trailing quarter Q3-16. Gross subscribers increased by 7.9 lakh in Q4-16. Incremental subscriber churn in Q4-16 increased 16 basis points to 0.58 percent year-over-year (y-o-y) from 0.42 percent but declined 15 basis points q-o-q from 0.73 percent.

    Simple EBIDTA in the current quarter increased 33.7 percent y-o-y to Rs 216.20 crore (28 percent EBIDTA margin) from Rs 161.71 crore (25.9 percent margin) and increased 9.4 percent q-o-q from Rs 197.71 crore.

    Subscription and activation revenue in the current quarter grew 20.9 percent y-o-y to Rs 706 crore and grew 6.2 percent q-o-q from Rs 665 crore. SAC in the form of hardware subsidies at Rs 1,776 per subscriber during Q4-16 was higher than the Rs 1,726 in the immediate trailing quarter. SAC in FY-15 averaged Rs 1,984

    ARPU in the current quarter increased by Rs 12 y-o-y from Rs 202 in the corresponding year ago quarter to Rs 214 in Q4-16. ARPU in Q4-16 increased q-o-q by Rs 3 from Rs 211 in Q3-16.

    Videocon d2h reported lower y-o-y and q-o-q loss in Q4-16. Loss in the current quarter declined to Rs 21.18 crore as compared to a loss of Rs 75.74 crore in the corresponding year ago quarter and a loss of Rs 22.05 crore in the immediate trailing quarter.

    TE in Q4-16 increased 19.4 percent y-o-y to Rs 721.77 crore (93.6 percent of revenue) from Rs 605.55 crore (96.7 percent of revenue) and increased 5.4 percent q-o-q from Rs 684.58 crore (93.6 percent of revenue)

    Content cost in Q4-16 was lower in terms of percentage of revenue at 37.5 percent as compared to 38.4 percent in Q4-15 and 38.5 in Q3-16.

    Company speak

    Videocon d2h executive chairman Dhoot said, “Fiscal 2016 has been a landmark year for Videocon d2h, as it was the first fiscal year after our NASDAQ listing, and it has been a great journey. I am delighted to share that our strong net subscriber additions, rising revenue realization and operating leverage benefit resulted in 31.5 percent Adjusted EBITDA growth for fiscal 2016, in spite of increases in service tax rates and the implementation of a new ‘clean India initiative’ tax during the year.”

    “During the year, we accomplished numerous technological advancements, such as the development of HD Smart Connect Set Top Box, our new connected set-top box which allows customers to view normal DTH services as well as internet and over-the-top content and applications. This development demonstrates our expertise and innovation in creation, delivery and execution of technologically advanced products,” revealed Dhoot.

    Speaking on the business outlook for the DTH sector, Videocon d2h CEO Anil Khera said “There have been a series of industry developments in fiscal 2016, which we believe will provide for growth opportunities in the DTH sector in India. The implementation of Phase III digitization of the Digital Addressable Cable TV System program of the government of India that began in January 2016 was an example of such a development. It led to a surge in new subscriber additions for various distribution platforms. While the momentum slowed down as many state high courts issued a temporary stay order against digitization, we are still seeing higher subscriber additions from Phase III markets as compared to previous years.”

    “In addition, the deadline for Phase IV digitization is December 31, 2016, which we believe covers approximately 80 million (8 crore) television homes,” added Khera.

  • Videocon d2h adds Kanak news channel to its portfolio

    Videocon d2h adds Kanak news channel to its portfolio

    MUMBAI: Videocon d2h has added Kanak news channel to its Odia bouquet.  The channel will be available on channel no. 840.

    The DTH platform has 10 general entertainment, music, movie channels and services in Odia with 6 news channels.

    Videocon d2h executive director Saurabh Dhoot said, “With Kanak News we now offer the highest number of Odia channels and services in the country. This addition affirms our resolve to rein in the market by bringing in products and services that fulfill our customer needs.’’

    “Kanak News will enhance our competitiveness in Odisha market. With this channel available in our bouquet, we hope to gain traction in our market share in the state”, added Videocon d2h CEO Anil Khera.

    The platform has a line-up of more than 550 channels and services including a host of regional channels and offers a wide range of active services like smart services including Smart English, Smart Games. The other active services include d2h Hollywood HD, d2h music, d2h spice, d2h cinema in both standard definition and HD, etc.

  • Videocon d2h adds Kanak news channel to its portfolio

    Videocon d2h adds Kanak news channel to its portfolio

    MUMBAI: Videocon d2h has added Kanak news channel to its Odia bouquet.  The channel will be available on channel no. 840.

    The DTH platform has 10 general entertainment, music, movie channels and services in Odia with 6 news channels.

    Videocon d2h executive director Saurabh Dhoot said, “With Kanak News we now offer the highest number of Odia channels and services in the country. This addition affirms our resolve to rein in the market by bringing in products and services that fulfill our customer needs.’’

    “Kanak News will enhance our competitiveness in Odisha market. With this channel available in our bouquet, we hope to gain traction in our market share in the state”, added Videocon d2h CEO Anil Khera.

    The platform has a line-up of more than 550 channels and services including a host of regional channels and offers a wide range of active services like smart services including Smart English, Smart Games. The other active services include d2h Hollywood HD, d2h music, d2h spice, d2h cinema in both standard definition and HD, etc.

  • CASBAA nets Premier League

    CASBAA nets Premier League

    Hong Kong, 18 May 2016 – CASBAA today announced four additional Corporate Members of the Association for its Q1 2016 line-up, including global sports TV behemoth, the Premier League (PL), data giant Nielsen, and the NASDAQ-listed Indian DTH platform, Videocon d2h and India based (Delhi, Mumbai, Bangalore & Hyderabad) law firm Trilegal.

    Also joining CASBAA as an Associate Member is branded multimedia broadcaster Rewind Networks of Singapore.

    CASBAA CEO, Christopher Slaughter said: “The breadth of operations and the geographies covered by our new Members reflect the Association’s values and the fast-changing shape of our industry.”

    “Each of the newcomers brings valuable industry experience, new insights and a global reach. We look forward to providing these additional members with a platform from which to make their mark on one of the world’s most dynamic media environments.”

    Premier League
    Premier League (PL) is the organizing body of the FA Premier League football association with responsibility for the Football Association league competition, centralized broadcasting and other commercial rights. The group works proactively with its Member Clubs and other football authorities to improve the quality of football in England and around the world.

    Nielsen
    Nielsen is a global performance management company dedicated to providing a comprehensive understanding of what consumers “watch and buy”. Nielsen also delivers both world-class measurement and analytics contributing to superior performance.

    Videocon d2h
    The first Indian media company to list on NASDAQ Videocon d2h is India’s fastest growing DTH service provider, offering more than 525 channels and services including India’s first 4K Ultra HD DTH channel.

    Rewind Networks
    Launched in 2013 Rewind Networks is a multimedia branded entertainment broadcaster now available in eight million households across Southeast Asia (Singapore, Malaysia, Indonesia, the Philippines and Thailand), as well as in Hong Kong and Taiwan. Platforms carrying Rewind Networks content include StarHub, SingTel TV, Astro, Indovision, SKYCable, NowTV, LeEco, CTH and CNS.

    Trilegal
    One of India’s top-tier law firms, Trilegal works with world’s leading corporations, funds and FIs across diverse sectors, with telecoms, media and technology as one of its key focus areas. It has expertise in M&A and JVs, PE & VC, employment law, disputes resolution, tax, competition law, policy & regulatory issues and general corporate advisory. In 2016, it won India’s “National Law firm of the Year” by Chambers & Partners.

     

  • CASBAA nets Premier League

    CASBAA nets Premier League

    Hong Kong, 18 May 2016 – CASBAA today announced four additional Corporate Members of the Association for its Q1 2016 line-up, including global sports TV behemoth, the Premier League (PL), data giant Nielsen, and the NASDAQ-listed Indian DTH platform, Videocon d2h and India based (Delhi, Mumbai, Bangalore & Hyderabad) law firm Trilegal.

    Also joining CASBAA as an Associate Member is branded multimedia broadcaster Rewind Networks of Singapore.

    CASBAA CEO, Christopher Slaughter said: “The breadth of operations and the geographies covered by our new Members reflect the Association’s values and the fast-changing shape of our industry.”

    “Each of the newcomers brings valuable industry experience, new insights and a global reach. We look forward to providing these additional members with a platform from which to make their mark on one of the world’s most dynamic media environments.”

    Premier League
    Premier League (PL) is the organizing body of the FA Premier League football association with responsibility for the Football Association league competition, centralized broadcasting and other commercial rights. The group works proactively with its Member Clubs and other football authorities to improve the quality of football in England and around the world.

    Nielsen
    Nielsen is a global performance management company dedicated to providing a comprehensive understanding of what consumers “watch and buy”. Nielsen also delivers both world-class measurement and analytics contributing to superior performance.

    Videocon d2h
    The first Indian media company to list on NASDAQ Videocon d2h is India’s fastest growing DTH service provider, offering more than 525 channels and services including India’s first 4K Ultra HD DTH channel.

    Rewind Networks
    Launched in 2013 Rewind Networks is a multimedia branded entertainment broadcaster now available in eight million households across Southeast Asia (Singapore, Malaysia, Indonesia, the Philippines and Thailand), as well as in Hong Kong and Taiwan. Platforms carrying Rewind Networks content include StarHub, SingTel TV, Astro, Indovision, SKYCable, NowTV, LeEco, CTH and CNS.

    Trilegal
    One of India’s top-tier law firms, Trilegal works with world’s leading corporations, funds and FIs across diverse sectors, with telecoms, media and technology as one of its key focus areas. It has expertise in M&A and JVs, PE & VC, employment law, disputes resolution, tax, competition law, policy & regulatory issues and general corporate advisory. In 2016, it won India’s “National Law firm of the Year” by Chambers & Partners.

     

  • Digital India is CASBAA India Forum 2016’s theme

    Digital India is CASBAA India Forum 2016’s theme

    MUMBAI: On March 22 CASBAA will host local and international speakers at the India Forum 2016, its annual discussion panel. The speakers will focus on the fast-evolving Indian broadcasting industry in the advent of the Digital India initiative.

    “The Government of India’s Digital India initiative has brought about a revolution in the country’s economy and has ushered in a plethora of opportunities for sectors to drive the overall digital revolution in India,” said  CASBAA CEO Christopher Slaughter. “We see that digital content in India is at an inflection point and the nation is at the top of digital and high-definition (HD) adoption. Further, we have observed that the content creators and broadcasters are increasingly evaluating new media and content delivery alternatives and are planning significant capital expenditure to upgrade their infrastructure in the coming years.”

    This year, corporate partners for the CASBAA India Forum 2016 include SES (Supporting Sponsor), AsiaSat, Diagnal, Eutelsat, MEASAT, Verimatrix, Videocon d2h and WWE Network (Sponsors).

    “Digital India – The Four Phases of Cable Enlightenment” is this year’s theme for the CASBAA India Forum 2016. A diverse roster of expert speakers will discuss India’s continued growth, including such topics as digitization challenges, security aspects, Indian OTT industry, advertising trends in Digital India, impact of digital advertising on traditional media, satellite industry in India among others.

    Several industry experts are expected to attend this event.   Trai chairman R.S. Sharma is expected to deliver the opening keynote address.  The inaugural address will be made by MIB Special Secretary J S Mathur and the industry keynote address will be delivered by  Tata Sky MD and CEO Harit Nagpal (Industry Keynote). Others attending the event include TRAi’s  Principal Advisor, Broadcast & Cable S K Gupta,  MIB Joint Secretary -Broadcasting R. Jaya, APT Satellite sales director for Indian and Middle East Thomas Antony ,   AsiaSat CEO William Wade,  BBC Global News COO Naveen Jhunjhunwala,  Disney India Media Networks vice president Nikhil Gandhi, Eutelsat UK MD  Nicholas Daly,  Google India Industry director   Nitin Bawankule,  Hathway CEO Jagdish Kumar, Media, Hinduja Group CEO Anthony D’Silva, Intelsat India country manager Gaurav Kharod, MEASAT CEO Paul Brown-Kenyon, MEC South Asia managing director T. Gangadhar and  Viacom18 Digital Ventures COO Gaurav Gandhi.  

  • Digital India is CASBAA India Forum 2016’s theme

    Digital India is CASBAA India Forum 2016’s theme

    MUMBAI: On March 22 CASBAA will host local and international speakers at the India Forum 2016, its annual discussion panel. The speakers will focus on the fast-evolving Indian broadcasting industry in the advent of the Digital India initiative.

    “The Government of India’s Digital India initiative has brought about a revolution in the country’s economy and has ushered in a plethora of opportunities for sectors to drive the overall digital revolution in India,” said  CASBAA CEO Christopher Slaughter. “We see that digital content in India is at an inflection point and the nation is at the top of digital and high-definition (HD) adoption. Further, we have observed that the content creators and broadcasters are increasingly evaluating new media and content delivery alternatives and are planning significant capital expenditure to upgrade their infrastructure in the coming years.”

    This year, corporate partners for the CASBAA India Forum 2016 include SES (Supporting Sponsor), AsiaSat, Diagnal, Eutelsat, MEASAT, Verimatrix, Videocon d2h and WWE Network (Sponsors).

    “Digital India – The Four Phases of Cable Enlightenment” is this year’s theme for the CASBAA India Forum 2016. A diverse roster of expert speakers will discuss India’s continued growth, including such topics as digitization challenges, security aspects, Indian OTT industry, advertising trends in Digital India, impact of digital advertising on traditional media, satellite industry in India among others.

    Several industry experts are expected to attend this event.   Trai chairman R.S. Sharma is expected to deliver the opening keynote address.  The inaugural address will be made by MIB Special Secretary J S Mathur and the industry keynote address will be delivered by  Tata Sky MD and CEO Harit Nagpal (Industry Keynote). Others attending the event include TRAi’s  Principal Advisor, Broadcast & Cable S K Gupta,  MIB Joint Secretary -Broadcasting R. Jaya, APT Satellite sales director for Indian and Middle East Thomas Antony ,   AsiaSat CEO William Wade,  BBC Global News COO Naveen Jhunjhunwala,  Disney India Media Networks vice president Nikhil Gandhi, Eutelsat UK MD  Nicholas Daly,  Google India Industry director   Nitin Bawankule,  Hathway CEO Jagdish Kumar, Media, Hinduja Group CEO Anthony D’Silva, Intelsat India country manager Gaurav Kharod, MEASAT CEO Paul Brown-Kenyon, MEC South Asia managing director T. Gangadhar and  Viacom18 Digital Ventures COO Gaurav Gandhi.  

  • Gemporia TV hops on to Tata Sky platform

    Gemporia TV hops on to Tata Sky platform

    MUMBAI: India’s live jewellery shopping channel Gemporia TV has hopped on to the Tata Sky direct to home (DTH) platform.

    The channel will be available on channel no. 155 in Tata Sky.

    It may be recalled that Indiantelevision.com had reported earlier this month that the channel was eyeing revenue of Rs 60 – 100 crore by the end of 2016 and was looking at expanding its presence in the market by launching on Tata Sky. The shopping platform has been available on other DTH operators like Dish TV and Videocon d2h since September 2015.

    With a market presence of 11 years in the UK, the channel has seen a rapid growth in the overall jewellery retail, and claims to achieve almost eight per cent market share of all hallmarked jewellery sold in the UK. The platform also claims to sell over nine million pieces worldwide all through e-commerce and television.

    Gemporia TV co-founder Manuj Goyal said, “In India, we bring you these exquisite pieces, directly from our factories to your home, eliminating all middlemen, bringing the costs lower and at direct-to-home prices. We are enlivened with Gemporia’s expanded audience base of over 50 million homes with the launch on Tata Sky, one of the leading DTH providers in India. Our intention is to be available across DTH platforms and gradually move our presence on cable.”

    He further added, “Our product size is constantly increasing to fit the business needs. The jewellery ranges from earrings to necklaces to charms to rings for women and men, in multiple styles. Our average item value has been Rs 4216. For Sterling Silver jewellery, our sweet spot is Rs 999. For Gold Jewellery, we have seen maximum sales in Rs 5000 to 8000 pricing category. Rings are currently 50 per cent of our sales, I guess as most retailers find it challenging to stock rings in different sizes. We keep a wide variety of gemstone jewellery – Rubies, Emeralds, Sapphires, Tanzanites, Pearls, Topaz, Opals, Amethyst, Citrines, Garnets, Onyxs, Tourmalines besides Diamonds. Our presence on Tata Sky brings a whole new audience with a completely different demographic. We are excited to see how these numbers will shift.”

  • Gemporia TV hops on to Tata Sky platform

    Gemporia TV hops on to Tata Sky platform

    MUMBAI: India’s live jewellery shopping channel Gemporia TV has hopped on to the Tata Sky direct to home (DTH) platform.

    The channel will be available on channel no. 155 in Tata Sky.

    It may be recalled that Indiantelevision.com had reported earlier this month that the channel was eyeing revenue of Rs 60 – 100 crore by the end of 2016 and was looking at expanding its presence in the market by launching on Tata Sky. The shopping platform has been available on other DTH operators like Dish TV and Videocon d2h since September 2015.

    With a market presence of 11 years in the UK, the channel has seen a rapid growth in the overall jewellery retail, and claims to achieve almost eight per cent market share of all hallmarked jewellery sold in the UK. The platform also claims to sell over nine million pieces worldwide all through e-commerce and television.

    Gemporia TV co-founder Manuj Goyal said, “In India, we bring you these exquisite pieces, directly from our factories to your home, eliminating all middlemen, bringing the costs lower and at direct-to-home prices. We are enlivened with Gemporia’s expanded audience base of over 50 million homes with the launch on Tata Sky, one of the leading DTH providers in India. Our intention is to be available across DTH platforms and gradually move our presence on cable.”

    He further added, “Our product size is constantly increasing to fit the business needs. The jewellery ranges from earrings to necklaces to charms to rings for women and men, in multiple styles. Our average item value has been Rs 4216. For Sterling Silver jewellery, our sweet spot is Rs 999. For Gold Jewellery, we have seen maximum sales in Rs 5000 to 8000 pricing category. Rings are currently 50 per cent of our sales, I guess as most retailers find it challenging to stock rings in different sizes. We keep a wide variety of gemstone jewellery – Rubies, Emeralds, Sapphires, Tanzanites, Pearls, Topaz, Opals, Amethyst, Citrines, Garnets, Onyxs, Tourmalines besides Diamonds. Our presence on Tata Sky brings a whole new audience with a completely different demographic. We are excited to see how these numbers will shift.”