News Broadcasting
French MNC Legrand Group appoints Lecuyer as India MD
INDIA, Mumbai, 16 January, 2006: Legrand Group, a Euro 2.09 billion world specialist in products and systems for electrical installations and information networks in residential, commercial and industrial segments today announced the appointment of Mr Benoit Lecuyer as the Managing Director of its subsidiary Legrand (India). In his new role, Mr Lecuyer will be responsible for furthering Legrand’s business growth, leading its expansion in the newer segments and ensuring top customer responsiveness in India.
Mr Lecuyer, a sales & marketing veteran at Legrand for 19 years, joins India operations after a successful stint at Legrand’s South Korea operations for more than 5 years. He takes over from Mr Jean-Charles Thuard who recently got promoted and moved back to Legrand’s headquarters in France to head the marketing of the Legrand Group’s Wiring Accessories business.
Lecuyer has spent over 10 years leading Legrand’s business in Singapore and South Korea. The experience and understanding of the emerging Asian market will enable Mr Lecuyer to chart out innovative sales & marketing strategies to build a distinctive market share for Legrand in India
“The boom in the manufacturing, commercial and residential sectors in India has resulted in the increase in demand for products & systems in electrical installations and information networks. Our objective is to capitalize on this growing demand and augment our market share,” said Mr Benoit Lecuyer, newly appointed Managing Director of Legrand (India). “The end users are now demanding products and systems that are more comfortable, convenient, safer and secure. This is an opportunity for us to introduce them to the solutions that respond to the changing needs and conform to the modern living environments.”
Mr Lecuyer joined Legrand (India) in August 2005. He is excited about the immense opportunities India presents and continues to be impressed by the Indian talent.
About Legrand (India)
Legrand (India) is a subsidiary of Euro 2.9 bn, Legrand Group, a world specialist in products and systems for electrical installations and data networks. Headquartered in Mumbai, Legrand India has two ultra modern, state-of-the-art manufacturing facilities in Maharashtra, India. Legrand (India) has a large network of over 450 stockists and a large number of retail outlets. With an employee base of over 700 in India, the company is fast emerging as a leader in its core business by extending products and services that suit every segment in the local market.
About Legrand Group
Legrand Group (Euro 2.9 bn) is a world specialist in products and systems for electrical installations and data networks in residential housing and office buildings and in the industry. The group offers comprehensive solutions including home automation and building automation systems, and in particular electricity and data distribution, controls and connections, safety systems for people and property, solutions for industrial buildings and processes. Legrand has worldwide market share of 18% in wiring accessories and 15% in cable management. Legrand group with 27000 employees worldwide has nearly 20 global or regional brands that are leaders on their market. The company has manufacturing units in 60 countries with sales offices in 160 countries.
For further information, please contact:
Anita Gulvadi
Legrand (India)
022 30416256
Email: anita.gulvadi@legrand.co.in
Jasmin Lakdawala
20:20 MEDIA
022 – 26601431
Email: jasmin@2020india.com
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
