HT Media Annual Report FY 17
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ENRICHING AND EMPOWERING At HT Media, our objective has always been to empower people INDIA with information and insight that enrich their lives. Our insightful information is unbiased, and enables our readers to make informed JOVPJLZ^P[OHIYVHKLYWLYZWLJ[P]L>LLTWV^LY0UKPHI`ZOHWPUN public opinion with our impartial news and views. A GLIMPSE OF HT MEDIA /;4LKPHPZHTVUN0UKPH»ZWYLMLYYLKTLKPHJVTWHUPLZPUWYPU[ radio and digital segments. Our pivotal print businesses include º/PUK\Z[HU;PTLZ»º/PUK\Z[HU»HUKº4PU[»0U[OLKPNP[HSZWHJL^L manage multiple web portals. With FM Radio Stations ‘Fever’ and º9HKPV5HZOH»^LLUQV`HZPNUPÄJHU[WVZP[PVUPU[OLRL`THYRL[Z HT Media’s foray into education empowers and transforms the youth. Our ‘Bridge School of Management’ sets high standards for management studies, while ‘Studymate’ is a popular mode of tutorials for school students. Through information, education and entertainment, HT Media is committed to bring a positive change in the lives of its readers, listeners and students. OUR BRANDS THAT SPEAK FOR US PRINT DIGITAL EDUCATION HINDUSTAN TIMES SHINE.COM STUDYMATE 0UKPH»ZWYLMLYYLK,UNSPZO Leading job portal connecting An education initiative in newspaper; No.1 newspaper in job-seekers and recruiters Delhi-NCR for supplementary Delhi-NCR and No.2 in Mumbai in [\[VYPHSZMVYJSHZZLZ=000?00 terms of readership DIGITAL QUOTIENT Mobile marketing and engagement BRIDGE MINT solution provider across mobile, World-class management school A business daily, specialising in social media and internet space offering Business Management/ insightful coverage of business Predictive Business Analytics and economy; distributes a weekly HINDUSTANTIMES.COM programmes at its centres located newspaper ‘MintAsia’ in Singapore English news website in Gurgaon and Noida and Kuala Lumpur LIVEMINT.COM HT CAMPUS HINDUSTAN Business news website An education portal that offers The leading Hindi newspaper of comprehensive information on 0UKPH5VYLHKLYZOPWPU)POHY LIVEHINDUSTAN.COM courses offered in colleges/ Jharkhand and Uttarakhand and Hindi news website institutions in the country No. 2 in Uttar Pradesh and Delhi DESIMARTINI.COM HT CITY & HT CAFE Movie reviews and ratings site Daily supplements in HT Delhi and HT Mumbai, respectively; covering entertainment, city, campus and lifestyle RADIO OTHERS BRUNCH The Sunday magazine supplement with Hindustan Times that covers travel, music, celebrities, food and gadgets, among others FEVER HT LEADERSHIP SUMMIT NANDAN AND KADAMBINI Leading FM radio station, ;OLMVY\T^OLYL0U[LYUH[PVUHS Legacy Hindi magazines for operating in Delhi, Mumbai, HUK0UKPHU]PZPVUHYPLZSH`V\[[OLPY children (Nandan) and family Bengaluru, Kolkata, Chennai, blueprint for the future reading (Kadambini) Hyderabad and seven cities of Uttar Pradesh RADIO NASHA The brand-new FM station in Delhi and Mumbai, playing retro music 2 HT MEDIA LIMITED 01-15 16-58 59-290 A About HT Media B Statutory Reports C Financial Statements QUICK FACTS 215 MN 51 MN NO. 1 Pageviews across digital <UPX\L\ZLYZHJYVZZHSSKPNP[HS HT readership ranking in properties in March 2017 properties in March 2017 Delhi-NCR region NO. 1 350+ NO. 2 Hindustan’s readership Weeks of leadership by Radio Nasha’s rank ranking in Bihar, Jharkhand Fever FM in Delhi in Delhi and Uttarakhand 4,000+ Students studying with Studymate FINANCIAL PERFORMANCE TOTAL INCOME (` In Cr.) EBITDA (Before Exceptional items) (` In Cr.) FY 17 2,682 FY 17 528 FY 16 2,658 FY 16 479 FY 15 2,457 FY 15 436 FY 14 2,363 FY 14 475 FY 13 2,142 FY 13 376 4 yr CAGR 6% 4 yr CAGR 9% NET WORTH (` In Cr.) FY 17 2,232 FY 16 2,082 FY 15 1,902 FY 14 1,745 FY 13 1,596 ANNUAL REPORT 2016-17 3 CHAIRPERSON’S MESSAGE DEAR SHAREHOLDERS, 0UKPHYLTHPULKVULVM[OL^VYSK»ZMHZ[LZ[ growing economy in 2016-17. Despite headwinds and short-term disruptions, the country’s economy grew 7.1% last year. 0[YLTHPUZHWYLMLYYLKKLZ[PUH[PVUMVYMVYLPNU investment, ahead of China and the US for the second successive year, according [V-+00U[LSSPNLUJLH\UP[VM[OL-PUHUJPHS Times. ;OL`LHY^HZL]LUTVYLZPNUPÄJHU[ areas in FY 2016-17 was to identify ILJH\ZLP[ZH^[OL0UKPHU a digital strategy to build a news government take steps towards new media company of future, and ÄZJHSHUK[H_WVSPJPLZZ\WWVY[LKI` KL]LSVW[OLJHWHIPSP[PLZYLX\PYLK a more robust statistical framework [VILJVTLVUL0U-@ to report economic numbers. Some we created a state-of-the-art of these new measures have since integrated newsroom and last year, been implemented, most notably, the our three news brands leveraged \UPÄLK.VVKZHUK:LY]PJLZ;H_MYVT [OPZUL^ZYVVT[V\W[OLX\HSP[`HUK 1st July, 2017. relevance of their digital offerings. 0U0UKPH»ZTLKPHHUK Our website hindustantimes.com entertainment industry grew by ended the year doing around 9.1%, powered by growing demand 100 million monthly page views and for entertainment and knowledge in TPSSPVUTVU[OS`\UPX\L]PZP[VYZ HUL_WHUKPUNLJVUVT`;OL0UKPHU while livemint.com became one of the digital media ecosystem has become leading destinations for business news especially vibrant, with non-linear in the country with around TV offerings competing against 30 million monthly page views and traditional broadcasters, and TPSSPVUTVU[OS`\UPX\L]PZP[VYZ KPNP[HSVUS`UL^ZZ[HY[\WZÄNO[PUN 0U[OLLU[LY[HPUTLU[ZLNTLU[ it out with established media desimartini.com became the companies. At stake are relevance, No.2 movie entertainment content Not surprisingly, one of salience, and of course, revenues. website in the country. our main focus areas in FY 2016-17 was to identify a NEW MEDIA, AND OLD This focus on digital hasn’t come digital strategy to build a news A growing economy, rising at the cost of our print business, media company of future, consumption, and the emergence which continues to remain one of and develop the capabilities of a thriving digital ecosystem our strengths. We have worked to YLX\PYLK[VILJVTLVUL WYLZLU[ZPNUPÄJHU[VWWVY[\UP[PLZ ensure that our three newspapers are to a company such as yours. Not PUZ[LW^P[O[OLUL^0UKPH>LOH]L surprisingly, one of our main focus HSZVTHKLZPNUPÄJHU[PU]LZ[TLU[Zin 4 HT MEDIA LIMITED 01-15 16-58 59-290 A About HT Media B Statutory Reports C Financial Statements We will continue to be innovative with our print offerings, grow our digital footprint, including with digital-only products, and expand our radio business. [YHPUPUNV\YQV\YUHSPZ[Z6\YÅHNZOPW newspaper Hindustan Times continued to maintain its strong position in the English newspaper segment, including in the country’s two biggest markets of Delhi and Mumbai. Mint remains 0UKPH»ZZLJVUK^PKLS`YLHKI\ZPULZZ events such as the Hindustan Times footprint, including with digital-only newspaper and continues to win Leadership Summit and Hindustan products, and expand our radio national and international awards Shikhar Samagam provide a platform business. for its work. Our Hindi newspaper for thought leaders to discuss and Hindustan is the leader in Uttarakhand, deliberate issues of relevance to Our performance so far, and our Bihar and Jharkhand, and a strong the country and even the world. At initiatives going ahead, are both second in Uttar Pradesh and Delhi. another, our thematic and industry- KYP]LUI`WLVWSL0[OHURT` focused events such as the colleagues on the Board of Directors 0U-@^LZ[YLUN[OLULKV\Y 4PU[40;,T[LJO*VUMLYLUJLHUK for their support and guidance, and radio operations by launching the Mint Annual Banking Conclave our employees for their relentless FM Radio stations in seven cities deepen our engagement with key drive to take HT Media to the next in Uttar Pradesh and Hyderabad in interest groups. And at still another, SL]LS0^V\SKHSZVSPRL[VJVU[PU\L[V HKKP[PVU[VZLJVUKMYLX\LUJ`PU+LSOP our regular community outreach thank our shareholders and vendors and Mumbai, which were launched and socio-economic development for their continued support and last year. Fever FM continues to programmes nurture our deep-rooted partnership. LUQV`HZPNUPÄJHU[WVZP[PVUPU[OL bond with society. radio markets where it operates. Thanking you, Radio Nasha has gained immense POWERING AHEAD popularity, both in Delhi As we continue our journey, we will and Mumbai, since its launch. always align ourselves with our core Shobhana Bhartia values and the preferences of the Chairperson and Editorial Director REACHING OUT UL^0UKPH Our effort to engage with audiences and society at large extends into We will continue to be innovative with [OLVMÅPULKVTHPU([VULSL]LS our print offerings, grow our digital ANNUAL REPORT 2016-17 5 MESSAGE FROM THE CEO DEAR FRIENDS, 2016-17 was a year of structural change for the economy and your Company. Our policymakers pushed through initiatives aimed at the medium-to-long-term, even as they sought to ensure the country remained VUP[ZJ\YYLU[NYV^[O[YHQLJ[VY`;OLILULÄ[Z of these initiatives will become evident over [PTLI\[[OLYLPZUVKV\I[[OL`HYLYLX\PYLK [VI\PSK[OL0UKPHVMM\[\YL At HT Media, our focus in 2016-17 SEGMENT PERFORMANCES was similar to consolidate our gains 0UWYPU[/PUK\Z[HU;PTLZ/; over the past few years, ensure continued to maintain its leadership our costs are in alignment with the in the Delhi-National Capital Region. realities of the marketplace, and build 0[YLTHPULK[OLZLJVUKTVZ[YLHK a digitally-oriented company of newspaper in Mumbai. Hindustan, the future. 0UKPH»ZSLHKPUN/PUKPKHPS`PZHSLHKLY in Bihar, Jharkhand and Uttarakhand Expectedly, given the pace of and No. 2 in Uttar Pradesh and Delhi. digital transformation of the media landscape, our print business came 0U[OLKPNP[HSZWHJL[OL*VTWHU` under pressure, even as our new OHZTHKLZPNUPÄJHU[WYVNYLZZI` businesses did well. Our new radio increasing revenue from ` 140 crore stations are up and running (and also in FY 2015-16 to ` 151.4 crore in generating revenue). The revenue and FY 2016-17. Desimartini.com VWLYH[PUNWYVÄ[VMV\YLU[PYLYHKPV witnessed growth of over 50% in 0U[OLKPNP[HSZWHJL[OL business has substantially grown visits and over 65% in page views, *VTWHU`OHZTHKLZPNUPÄJHU[ over the previous year.