Jagran Prakashan Ltd(JAGRAN)

NSE: JAGRANBSE: 532705

₹ 60.04+0.65%refreshed 26 Oct, 02:58 pm ISTMarket cap: ₹ 1,307 crWebsite: www.jplcorp.inUpdated: 24 Oct 2026

About

Jagran Prakashan publishes Dainik Jagran and Mid-day. It also runs Radio City FM through Music Broadcast Ltd (MBL), along with digital news platforms and an outdoor and events business. Revenue was Rs 1876.22 Cr in FY26. Printing, publishing and digital brought in 78.6% of it, other businesses 12.2% and FM radio 9.3%. Radio City had a 19% radio market share in Q1 FY27.^[1][2][3]

Business segments

Printing, publishing and digital: Rs 1478.94 Cr revenue in FY26, 78.6% of the total, with a 15.0% EBIT margin.^[2]
Others (outdoor and events): Rs 228.69 Cr in FY26, 12.2% of revenue. Its share is 6.3 percentage points higher than at the start of the FY2018-FY2026 period.^[2]
FM radio: Rs 174.43 Cr revenue in FY26, 9.3% of the total, with an EBIT margin of -33.1%.^[2]

Print: advertising and circulation

Print advertising revenue rose 3% in FY26 to Rs 1,039 cr from Rs 1,005 cr, against a FY25 base lifted by the Kumbh Mela.^[4]
Print circulation revenue fell 3% in FY26, from 338 cr to 329 cr.^[4]
In Q1 FY27, group advertising revenue rose 13% YoY. Dainik Jagran's ad revenue went from 209 cr to 236 cr.^[3]
Print circulation revenue was flat YoY at 85 cr in Q1 FY27. Management says circulation has stabilised.^[3]
Dainik Jagran's operating margin was 26.3% in Q4 FY26 vs 23.8% a year earlier, with operating revenue flat.^[4]

Radio (Radio City / MBL)

Radio City's market share was 19% in Q1 FY27, 17% in Q4 FY26 and 18% in Q3 FY26.^[3][4][5]
MBL revenue fell 26% in FY26 to Rs 174 cr after expenses were cut 40%. It made a Q4 FY26 operating profit of Rs 1.5 cr vs a loss of Rs 10.5 cr a year earlier.^[4]
In Q1 FY27, MBL revenue fell 10% to 44.5 cr while expenses fell 26%. Operating profit rose from 0.94 cr to 8.92 cr.^[3]
The top 25 radio advertisers' share was 21.8% in Q1 FY27, up from 15.6%. New clients made up 29% of Radio City's clients.^[3]
Non-FCT revenue made up 19% of radio revenue in FY26.^[4]

Digital

Digital revenue fell 6% in FY26, from 97 cr to 92 cr. Management cited changes to Google's algorithms and AI-driven search.^[4]
Digital (print) revenue grew 31% to 24.58 cr in Q1 FY27. The operating loss narrowed to -3.07 cr from -4.69 cr.^[3]
Digital unique visitors: ~48 Mn in Jun'26, ~44 Mn in Mar'26, ~51 mn in Nov'25 and ~65 mn in Sep-25.^[3][4][5][6]

Outdoor, events and Mid-day

Outdoor & Events revenue grew 11% in FY26 to Rs 229 cr, helped by asset-based outdoor and activation work. Its margin was 7.0%.^[4]
Outdoor & Events revenue grew 12% to 62.95 cr in Q1 FY27. Its margin was 9.0% vs 10.7%.^[3]
Mid-day was relaunched with a new look and design in January 2026. Its operating loss narrowed to -1.15 cr in Q1 FY27 from -2.63 cr.^[5][3]

Stated plans

The company says it will keep investing in digital platforms and expects radio-digital integration to produce meaningful revenue.^[3]
Management expects print circulation revenue to improve as a result of its stabilisation initiatives.^[3]

Governance and recent developments

The FY26 annual report proposes re-appointing four promoter whole-time directors for 5 years from 1 Oct 2026, at INR 21.6 lakh/month each with annual increments of up to 15%.^[7]
Chairman Mahendra Mohan Gupta (85) is proposed to continue as a non-executive director until 30 Sep 2031.^[7]
The FY25 annual report disclosed a promoter dispute in which petitioners sought to divide businesses including MBL, Mid-day and I-next.^[8]
Net cash was above Rs 1,200 cr as of FY26.^[4]

Market Cap

₹1,307 Cr

High / Low

₹80 / 59

Stock P/E

6.9

Price / Book

0.7

Book Value

₹93

EPS

₹9.1

No. of Shares

21.77 Cr

ROCE

12.8%

ROE

9.9%

OPM

14.4%

Debt / Equity

0.02

Sales

₹1,876 Cr

Net Profit

₹185 Cr

Promoter holding

69.0%

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Signal history

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Jagran Prakashan Ltd(JAGRAN)

About

Business segments

Print: advertising and circulation

Radio (Radio City / MBL)

Digital

Outdoor, events and Mid-day

Stated plans

Governance and recent developments

Signal history

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