MAM
IPL 4.0 takes a hit as 68 matches get average TVR of 3.8
MUMBAI: As the fourth edition of the Indian Premier league (IPL) enters the last lap of conclusion, the ratings are showing no signs of improvement.
The 68 matches fetched an average TVR of 3.8 compared to a rating of 5.5, according to data from TAM Sports (C&S, 4+, six metros). If the performance continues in this manner, this would mark the first time that the event would not have managed to reach a TVR of 4.
However, 155 million viewers have already seen the event this time compared to 143 million for the entire event last time, according to TAM Sports data for the All-India market.
During the week ended 21 May, two matches were played on Saturday. However, both of them failed to reach a TVR of 2, indicating that audiences might be suffering from an overdose of cricket.
In fact this is the first time in all the editions of the IPL that matches have not got at least a TVR of 2.
Of course, one of the matches between the Delhi Daredevils and Pune Warriors India was irrelevant in terms of seeing who would qualify for the playoffs. That match got a TVR of 1.58.
The other match on 21 May was between Kings XI Punjab and Deccan Chargers. Punjab had a chance to qualify for the playoffs but despite that, viewers were indifferent and the match got a TVR of 1.78.
The last nine matches got a TVR of 2.77. Just one match in this period reached a TVR of 4. That was the one between Mumbai Indians and Rajasthan Royals, which got a TVR of 4.11. This also was surprising considering that Shane Warne’s team won by 10 wickets.
Brands
Trent posts Rs 19,701 crore FY26 revenue, profit rises to Rs 1,968 crore
Q4 profit at Rs 455 crore; margins improve, net worth climbs to Rs 7,703 crore
MUMBAI: Retail therapy seems to be working for Trent Limited as much as for its shoppers. The Tata Group retail arm reported a steady performance for FY26, with revenue from operations rising to Rs 19,701.41 crore, up from Rs 16,668.11 crore in FY25. Total income for the year stood at Rs 20,075.87 crore, reflecting continued momentum across its retail formats.
Profit before tax came in at Rs 2,511.54 crore for the year, compared to Rs 2,076.62 crore a year earlier. After accounting for taxes of Rs 543.72 crore, net profit rose to Rs 1,967.82 crore, marking a clear improvement from Rs 1,584.84 crore in FY25.
For the March quarter, the company reported revenue of Rs 4,936.64 crore and total income of Rs 4,997.71 crore. Profit before tax stood at Rs 576.46 crore, while net profit came in at Rs 454.75 crore, up from Rs 349.92 crore in the same quarter last year.
On the cost front, total expenses for FY26 rose to Rs 17,538.54 crore, driven by higher stock purchases of Rs 11,170.44 crore and increased occupancy costs at Rs 1,652.69 crore. Employee benefit expenses also edged up to Rs 1,222.04 crore, reflecting continued expansion.
Operationally, the company maintained stable efficiency metrics. Operating margin improved to 11.88 per cent from 11.29 per cent, while net profit margin rose to 9.99 per cent from 9.51 per cent. The interest service coverage ratio stood strong at 16.76, indicating comfortable debt servicing capacity.
Trent’s balance sheet also strengthened during the year. Net worth increased to Rs 7,702.80 crore from Rs 5,914.40 crore, while total assets expanded to Rs 12,225.71 crore. The debt-to-equity ratio improved to 0.33 from 0.38, signalling a more balanced capital structure.
Cash flow from operations rose to Rs 2,630.19 crore, compared to Rs 1,668.26 crore in the previous year, even as the company continued to invest in expansion, with capital expenditure and investments weighing on investing cash flows.
With consistent growth across revenue, profitability, and margins, Trent’s FY26 performance suggests a retailer scaling steadily ringing up gains not just at the checkout, but across the balance sheet.
