iWorld
Hooq to maintain its Hollywood focus in India
MUMBAI: Content differentiates the platform and hook the consumers. To become a differentiator, VoD platform Hooq differentiated its offering by not diluting its energy into various verticals.
In an interaction with Indiantelevision.com, Hooq MD India Salil Kapoor said, “We have the best of Hollywood and locals in all the markets, whereas in India, we are focusing only on Hollywood.”
“We took this call because there are 25-30 players as far as the Indian market is concerned, and the cost of content is significantly high as compared to other market primarily for the local content. In India, broadcasters and several other players focusing on the local content that has pushed the price of the local content higher. So, we decided that instead of trying and win in every vertical, i.e., Hollywood, Bollywood, Local-Regional and Original, it would be better to concentrate our energy on one,” he added.
Hooq, which offers content in Thailand, Singapore, Indonesia, Philippines and India, is one of the cheapest video-on-demand offerings in India with Rs 89 per month subscription pack, which lets viewers stream and download up to 10, 000 movies and 78 TV shows. Its content includes films owned and distributed by Sony and Warner Bros, such as Wonder Woman, Spider-Man: Homecoming, Baby Driver, Suicide Squad, Fantastic Beasts and Where to Find Them and Batman v Superman: Dawn of Justice.
Kapoor said that the platform has recently launched an additional service in India which will allow viewers to watch the latest Hollywood offerings just after their theatrical release. “We have launched TVoD service in India, in which latest movies (after theatrical release) can be watched on Hooq in a little amount of about Rs 59, while TV shows and other movies will be a part of subscription package.”
In 2018, Hooq will shift its focus towards providing content in various regional languages. Talking briefly about the same, Kapoor said, “We have launched Spiderman home coming in four languages – English, Hindi, Telugu and Tamil. This is something we will do in coming time. We are going to build up a lot of dubbed movies in our systems, so that people around the country can get taste of it.”
“Although, English content is very popular on Hooq but we also want to give our subscribers an option of watching dubbed content, i.e., content in their own language. We have observed that people are liking it and we have observed the consumption of dubbed content picking up on website as well. However, apart from English, we see a lot of traction in Hindi, Tamil and Telugu as far as consumer interest is concerned.”
Hooq has different sources of attracting subscribers, one is through the deals with Vodafone and Airtel in which customers get free access to Hooq, and on the other side, they have the partnership with ACT Fibernet, which is a broadband player. While discussing about their distribution partnerships, Kapoor said, “We get a lot of subscribers from partners and we are planning to get into partnership with smartphone brands. We get a large chunk of customers from B to C and from B to B to C.” Currently, Hooq is in partnership with Vodafone, Airtel, ACT Fibernet and ICICI Credit Card, and Hooq will be announcing couple of tie ups soon as they currently are in advanced discussion level. Mobile handset brands like Samsung, Xiaomi and Motorola-Lenovo are on top three positions in terms of usage of watching content on Hooq.
Salil Kapoor has shifted his focus from D2h to OTT. While talking about the future of television, he said that television is not going anywhere in near future. He said, “OTT is complimentary to the television, a lot of people are shifting from watching TV in standard manner to watching it online.”
In 2018, the trend will move towards three directions according to Kapoor, which will include – first, TV shows becoming more popular than movies like Live TV or catch up TV is already picking up; second, the numbers of people getting engaged from mobile phone is high, however, the relation of engagement is much higher in the large screens, i.e., TV, will continue to grow, and third is that more and more people want to watch it on demand, so, hardware based boxes through which they can get television interface like Chromecast, dongle, and more will grow very fast. He said that international content is anyway growing In India but regional content consumption will grow fast in 2018.
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Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
