Financials
Zee Entertainment’s net profit rises 604% in June ’21 quarter
New Delhi: Zee Entertainment Enterprises’ consolidated net profit rose 604 per cent to Rs 213.8 crore in the quarter ended June 2021 as against Rs 30.37 crore during the previous quarter ended June 2020. The company announced its Q1 FY22 results on Friday.
Sales rose 35.29 per cent to Rs 1774.98 crore in the quarter ended June 2021 as against Rs 1312.03 crore during the previous quarter ended June 2020. With lockdowns in most states, TV viewership again jumped during the quarter, though lower than Q1 of last year.
Domestic ad revenues for both Q1FY22 and Q1FY21 were impacted by lockdowns. However, the impact this year was much lower, reflected in 127.9 per cent YoY growth. Compared to Q1FY20, domestic ad revenues were lower by 22.7 per cent.
In terms of subscription revenue, the network said embargo on pricing change due to NTO 2.0 litigation continued to hurt domestic television pay revenue growth. The 2 per cent growth over Q1FY21 was driven primarily by digital business.
The programming cost increased YoY as original content production largely continued across the states during the lockdown at alternate locations. Increase in marketing cost on a YoY basis was on account of the release of Radhe and continued investments in ZEE5. The marketing costs in Q1FY21 was lower on account of much lower original content production.
Lower ad revenues on one hand and increase in costs due to lockdown Rs. 271mn on the other affected EBITDA for the quarter.
Bengali, Telugu, Kannada and Hindi movies continued strong performance, however, Zee TV, Zee Marathi and Zee Tamil performance was soft during the quarter, indicating headroom for growth in key markets. The company also said it will revamp the programming line-up for Hindi, Marathi and Tamil programming in Q2.
Streaming platform ZEE5 witnessed 80.2mn global monthly active users and 7.1mn global daily active users in Jun ’21. It recorded a total of 190 minutes’ average watch time per viewer per month in Q1. As many as 11 original movies and shows were released during the quarter.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
