HT Media Limited — PPTs, 05-08-2025: Investor Presentation

**1. Financial Highlights:**

HT Media's Q1 FY26 consolidated revenue reached ₹451 Cr (+6% YoY), with EBITDA at ₹10 Cr (+33% YoY). The net loss significantly narrowed to ₹11 Cr, while net cash strengthened to ₹976 Cr (+14% YoY). The Print segment's operating revenue improved to ₹324 Cr (+8% YoY), achieving operating EBITDA of ₹15 Cr. Digital revenue grew to ₹56 Cr (+21% YoY), narrowing its operating loss. The Radio business, however, experienced a dip in revenue and increased operating loss.

**2. Strategic Initiatives & Growth Drivers:**

The company is accelerating Digital business growth, deepening Print offerings, and reimagining the Radio business with experiential and integrated formats, emphasizing non-free commercial time revenue. Targeted efforts are boosting Print circulation, and digital platforms like Mosaic, Shine, and OTTplay are driving momentum with differentiated offerings.

**3. Business Developments:**

Digital properties, including OTTplay, Mosaic, and Shine, continue to gain traction, contributing significantly to segment revenue expansion and improved profitability.

**4. Market Position & Competitive Advantage:**

Print maintains its leading market presence and relevance as an effective medium, demonstrated by strong advertising revenue growth year-on-year, particularly in English and Hindi segments.

**5. Investor Implications:**

The company shows positive growth potential, particularly from its robust Print and growing Digital segments, backed by improved profitability and a strong cash position. The ongoing strategic pivot in the Radio business presents an execution risk to monitor.