iWorld
TIPS Industries doubles revenues over two years
Mumbai: TIPS Industries Ltd (Tips Music), a leading Indian music label which creates and monetises music, announced its financial results for the quarter & financial year ending 31 March 2023.
Key financial performance:
Key financial highlights:
1. Highest ever quarterly revenue growth. Revenue for Q4 FY23 was Rs 52 cr, a growth of 52 per cent y-o-y and 2 per cent q-o-q. For FY23 revenues stood at Rs 186.8 cr up by 38 per cent y-o-y.
2. The content cost for the year was Rs 62.4 cr which has risen by 95 per cent over the previous year and for Q4 FY23 the content cost was Rs 19 cr, up 120 per cent y-o-y.
3. For FY23 the company released 896 new songs from which 240 new songs were released during Q4 FY23. Out of 240 new songs, 141 were new film songs and 99 non-film songs.
4. Latest releases including PS-1, performed exceptionally well. Two songs of Freddy have crossed over 55 million views, and the Yo Yo Honey Singh “Yai Re” has crossed over 35 million views.
5. YouTube subscribers now stand at 82.1 million. For FY23 YouTube views were 112.7 billion up 89 per cent y-o-y while for Q4 FY23 views were 33.6 billion, which is a growth of 105 per cent y-o-y.
6. Successfully completed buyback of the maximum permissible amount of Rs 40.1 cr during the year. Also, the board has recommended a dividend of Rs 0.5 per equity share taking the FY23 payout ratio to 60.8 per cent (buyback + dividend).
Commenting on the results, chairman & MD Kumar Taurani said, “I am thrilled to announce that we have had an eventful and successful quarter. We have reported our highest ever quarterly sales growth. This achievement is a result of our dedication to providing must have hits to listeners. On the business front, we have released 240 new songs during the quarter, including 141 new film songs and 99 non-film songs. Our latest releases, including PS-1, have performed exceptionally well. We are proud to say that we have been consistently gaining market share and improving our rankings. We are confident that we will continue to do so in the future and are committed to providing the best products and services to our customers. We have also successfully completed a buyback of the maximum permissible amount in this quarter and recommended a dividend of Rs 0.5/share (post-split), which is the highest ever in our company’s history. The buyback and the dividend cumulatively bring our payout ratio to 60.8 per cent for FY23, which is a testament to our commitment to creating value for our shareholders. We are grateful for the support and trust of our stakeholders and are committed to creating sustainable value for all stakeholders.”
e-commerce
Insight Cosmetics partners with Pinda for homegrown beauty push
New campaign ‘Kudiye… ghar ki yaad nahi aayi tujhe?’ celebrates toxin-free, skin-first Indian formulations over imported ideals.
MUMBAI: Insight Cosmetics has just turned the beauty narrative on its head and it’s doing it with a very familiar face. The fast-growing Indian beauty brand has teamed up with Udaybir Sandhu, better known as Pinda from the hit series Dhurandhar 2, for a campaign that proudly puts “Made in India” at the centre. Titled “Kudiye… ghar ki yaad nahi aayi tujhe?”, the film taps into that deeply relatable feeling of rediscovering something better right at home, challenging the long-held notion that international always equals superior.
Instead of chasing global trends, Insight is highlighting what it does best: skin-first, ingredient-conscious, toxin-free formulations designed specifically for Indian skin tones, textures and climates. The campaign positions sattu-level honesty and performance as the new standard confident, rooted and globally competitive.
Insight Cosmetics director and spokesperson Mihir Jain said, “Insight has always believed that India doesn’t need to look outward for validation. We have the talent, the understanding, and the capability to create world-class beauty products right here. Pinda represents that same confidence rooted, real, and unapologetically Indian.”
Pinda added, “There’s real pride in representing something that’s ours. For too long, we’ve been told that better comes from outside. Insight is changing that. This is about backing what’s made for us, trusting what understands us, and owning our identity with confidence.”
The collaboration rests on four clear pillars, proudly homegrown innovation, a strict toxin-free promise, a genuine skin-first approach, and deep cultural relevance that speaks to a generation both rooted in India and globally aware.
In a market long dazzled by foreign labels, Insight Cosmetics and Pinda are quietly proving that the most powerful beauty move is the one that feels like home. The campaign doesn’t just sell products, it sells a mindset, that the best glow is the one you already recognise. And right now, that glow is proudly, unapologetically Indian.
