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Revenue
₹1,007 Cr
verified against source
Revenue YoY
4%
reported change
EBITDA
₹117.6 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
DB Corp reported a steady Q4 FY26 with consolidated revenue of ₹589.6 crore (+4% YoY) and PAT of ₹62.2 crore (+18.8% YoY), driven by 6% advertising growth in print, partially offset by flat circulation. EBITDA margin expanded ~200bps YoY to ~20%, aided by cost control. Digital MAUs stood at 20 million, maintaining leadership in Hindi/Gujarati news apps. Radio segment added 7 new stations, all breakeven within 3 months. Management guided for continued single-digit ad growth in FY27, but flagged 6-8% newsprint cost inflation in Q1 FY27, which may pressure margins. Key risk: circulation volumes declined ~2% YoY to 39 lakh copies amid structural headwinds and delivery boy shortages.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects continued strong single-digit advertising growth in FY27, with April showing double-digit growth.
- Management believes maintaining EBITDA margin at current levels (24-26%) is achievable despite newsprint cost pressures.
- Newsprint prices expected to rise 6-8% in Q1 FY27 due to global supply dynamics and rupee depreciation.
- Company plans to spend ~₹120 crore on buying out rented properties for printing presses and offices to reduce rental costs.
Risks flagged
- Newsprint prices expected to rise 6-8% in Q1 FY27, which could compress margins if not offset by ad revenue growth.
- Circulation dropped ~2% YoY to 39 lakh copies; structural headwinds and delivery boy shortages may persist.
- Digital business has 20M MAUs but no clear timeline for meaningful revenue; new hire yet to show results.
- PM's call for restrained discretionary spending may affect advertising in jewelry, real estate, and auto sectors.
Key quotes
- We believe that the maintaining of this number this margin should be achievable.
- Print as a medium continues to perform consistently for us and continues to demonstrate resilience despite the perception in some sections that print is a declining medium.
- We are slowly and gradually trying to buy out these properties so that we don't have to pay the rent.
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