Bodhi Tree Multimedia posts 32 per cent revenue growth as FY26 profit jumps 62 per cent

MUMBAI: Content appears to be paying dividends for Bodhi Tree Multimedia. Riding on a broader production slate and a growing push into intellectual property ownership, the content producer delivered a strong set of numbers for FY26, with revenue rising nearly a third and profit climbing more than 60 per cent year-on-year.

Bodhi Tree Multimedia Ltd. reported consolidated total income of Rs 118.45 crore for FY26, up 31.96 per cent from Rs 89.76 crore in FY25. The company’s profitability improved at a faster pace than revenue, highlighting stronger operating leverage as it scales its content business.

EBITDA surged 76.47 per cent year-on-year to Rs 17.10 crore from Rs 9.69 crore a year earlier. EBITDA margin expanded to 14.44 per cent, compared with 10.80 per cent in FY25, reflecting improved operational efficiency and higher content throughput.

Profit after tax rose 61.59 per cent to Rs 7.95 crore from Rs 4.92 crore in the previous financial year. PAT margin also improved to 6.71 per cent, up from 5.48 per cent.

The company attributed the growth to increased production volumes, a wider content pipeline and stronger execution across television, OTT, digital and emerging distribution platforms.

With a catalogue spanning more than 5,000 hours of programming across over 100 shows, Bodhi Tree Multimedia is increasingly shifting away from a traditional commissioned-production model towards an IP-led strategy. The company is betting that owning and monetising content rights will create more sustainable long-term value than simply producing shows for broadcasters and platforms.

During the fourth quarter, the company produced around 200 hours of original content across television, OTT and digital platforms. It also delivered five major titles for leading broadcasters and streaming platforms, including JioStar, Zee, Dangal and Shemaroo.

Alongside its content expansion, the company strengthened its strategic footprint through acquisitions aimed at boosting both content ownership and digital monetisation capabilities.

One of the key developments during FY26 was the acquisition of a 20 per cent stake in Lehren Networks. The move gives Bodhi Tree access to one of India’s largest libraries of vintage film content and enhances its digital monetisation opportunities through YouTube content management systems.

The company also completed the acquisition of a 50.01 per cent stake in Moving Image Studios Pvt. Ltd., a move designed to strengthen its presence in unscripted programming and accelerate in-house intellectual property creation.

The expansion comes at a time when India’s media and entertainment industry continues to gather pace. Industry estimates cited by the company suggest the Indian M&E market is expected to grow from approximately USD 32 billion in 2025 to around USD 38 billion by 2028.

The OTT segment remains one of the biggest growth engines. India recorded more than 975 million OTT viewers and over 216 million paid subscriptions in 2025, while connected television households are projected to reach 191 million by 2028.

Monetisation models are also evolving rapidly. Advertising-supported video-on-demand (AVOD), FAST channels and digital-first platforms are opening new revenue streams, while regional-language content now accounts for roughly 56 per cent of paid OTT viewership.

The company believes another major opportunity lies in content ownership. According to industry estimates, less than 1 per cent of Indian content intellectual property is independently owned, leaving significant room for producers to build valuable long-term franchises and recurring revenue streams.

Commenting on the performance, Bodhi Tree Multimedia managing director and CEO Mautik Tolia said, “FY26 has been a year of strong forward movement for Bodhi Tree as we continue to shape a more scalable and future-ready content business. Our consolidated income grew 32 per cent to Rs 118.45 crore, PAT rose 62 per cent to Rs 7.95 crore, and EBITDA margins expanded meaningfully, reflecting the operating leverage we are beginning to build as we scale.”

He added that the company’s focus remains firmly on creating and owning intellectual property that can travel across formats, platforms and markets.

Tolia added, “India’s M&E market is on a strong growth trajectory, projected to reach approximately USD 38 billion by 2028. With over 975 million OTT viewers and regional content driving more than half of paid viewership, the demand environment for quality Indian IP has never been stronger. Our focus remains on disciplined IP-led content creation.”

Tolia also highlighted the company’s growing use of technology and artificial intelligence to improve content selection, production efficiency and decision-making. While acknowledging that an IP-led model requires longer monetisation cycles and continued investment, he said it enables the company to participate across the entire content lifecycle and build assets that appreciate in value over time.

With stronger financial performance, expanding margins, two strategic acquisitions and a rapidly growing digital entertainment market at its back, Bodhi Tree Multimedia is positioning itself not just as a producer of content, but as an owner of stories designed to generate value long after the credits roll.