Q3 2026 DB Corp Ltd Earnings Call Transcript
Key Points
- D B Corp Ltd (BOM:533151) maintained stable advertising revenues on a like-to-like basis, showing a 6% growth excluding last year's election-driven revenue.
- The company's Print business and EBITDA margin expanded by 100 basis points to 29% due to effective cost management and operating efficiencies.
- The digital business remains a key growth pillar, with Dainik Bhaskar's news apps recording around 21 million monthly active users, maintaining its position as the number one Hindi and Gujarati news app.
- The company successfully reduced total operating costs by 2% on a quarter-on-quarter basis.
- The company is optimistic about the potential increase in newspaper circulation due to government initiatives in states like Uttar Pradesh and Rajasthan, which have made newspaper reading compulsory in schools.
- Advertising revenues for Q3 FY26 declined by 7.8% year-on-year due to the absence of election-related advertising and a shift in festive advertising spend to Q2.
- Total revenue for the quarter stood at INR6,293 million, reflecting a year-on-year decline of 4% due to a high base from the previous year.
- The Radio segment experienced a softer advertising environment, with revenues at INR410 million and a decline attributed to the absence of election-related advertising.
- The government advertising category saw a significant decline of 24% over nine months, impacting overall advertising revenue.
- The digital segment is currently not EBITDA positive, with ongoing investments required to acquire and retain users.
Ladies and gentlemen, good day, and welcome to D.B. Corp Limited Q3 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
We have with us today the senior management team of D.B. Corp Limited, Mr. Pawan Agarwal, Deputy Managing Director; Mr. Girish Agarwal, Promoter Director; Mr. Lalit Jain, Chief Financial Officer; Mr. Mushtaq Ali, Senior Vice President, Finance and Accounts, and Mr. Prasoon Kumar Pandey, Head, Investor and Media Relations, who will represent D.B. Corp Limited on the call.
The management will be sharing the key operating and financial highlights for the quarter ended December 31, 2025, followed by a question-and-answer session. Please note that some of the statements made in today's discussion may be forward-looking in nature and may involve risks and uncertainties. Documents relating to the company's financial performance have been e-mailed to you and are available on the website of the stock exchanges and the company's Investors section. Trust you have been able to go through the same.
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