Print Media industry
8 companies · ₹7,135 cr · 3 with AI deep dives · Q1FY27 report
Print ad rebounds on DAVP rate hike; newsprint at post-COVID highs and rising DSOs limit margin recovery.
- Revenue YoY
- +30.1%
- EBITDA margin
- 13.0%
- +390bps YoY
- Price, 1 year
- -14.6%
- 20% of names up
- P/E vs own 5y
- -34.0%
- 7.4x now
Exhibit 1The quarter in numbers
constant panel of 5 companies above ₹500 cr- Jun 26
- 2,196 cr
- Mar 26
- 1,986 cr
- QoQ
- +10.6%
- Jun 25
- 1,688 cr
- YoY
- +30.1%
- Peak
- 2,196 cr
- vs peak
- 0.0%
- Jun 26
- 13.0%
- Mar 26
- 13.4%
- QoQ
- -40bps
- Jun 25
- 9.1%
- YoY
- +390bps
- Peak
- 13.4%
- vs peak
- -40bps
Breadth: 100% of 5 companies grew revenue year on year (was 60% a quarter earlier) and 80% expanded margin (was 80%).
Exhibit 2What it costs
7.19x - 8.18x across the panel todayThe median name trades at 7.4x, -34.0% against this industry's own 5-year median of 11.2x, and -53.6% against its own peak of 16.0x.
Exhibit 3Structure
₹7,135 crD B Corp Ltd is 48.5% of this industry by market cap. The top 5 are 95.6% and the top 10 are 100%.
Exhibit 4Screen
P/E below the sub-industry median of 7.43x, 5y ROCE above its median of 7.6%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (8 of 8)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
Exhibit 6What managements said
from Media earnings calls · as of 2026-06-30DBCORP, HT Media, and HMVL all reported double-digit print ad revenue growth in Q1FY27, driven by explicit yield programmes and the first government DAVP rate increase in seven…
- DBCORP (Q1FY27): “Our consolidated advertising revenue continued its strong trajectory, growing by around…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
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