DB Corp ad revenue grew 18.4% in Q3FY24

Dainik Bhaskar’s track record of strong quarterly results continued with yet another quarter of robust growth across all segments, underscoring the powerful leadership position of the Group amidst a quarter that benefitted from the festive season, elections and general economic buoyance. 

Advertising revenue registered stellar growth of 18.4% YoY to Rs 4819 million against Rs 4,069-million, rounding nearly 10 quarters of consistent growth. EBIDTA margin continued to expand with 1,400 basis points jump in Q3FY24 (31% margin), leading to EBITDA growth of 101.7% YoY to Rs 2031-million against Rs 1,007-million. 

Print Business EBIDTA margin stood at 32% in Q3FY24. PAT grew by 156.8% YoY to Rs 1240-million against Rs 483-million. 

Sudhir Agarwal, managing director, DB Corp, said, “Dainik Bhaskar's leadership position in the print media sector is exemplified by a track record of strong growth outperformance for nearly 10 quarters now, making it the torchbearer of growth for the sector. We are encouraged by our readers, advertisers and partners who continue to repose trust in us and use our platforms of print, digital and radio to amplify their messaging.

He added, “With a slew of positive events, elections in our key markets, the cricket world cup, general economic buoyancy in our markets and the festive season, our performance in Q3FY2024 is a testament to all the efforts that we continue to put to deliver the best product, and with an omni-channel delivery mechanism working well, we believe that we should be able to extend our leadership position and fortify our financial position going ahead.”