Hindustan Media Ventures sees strong Q2 growth, print revenue up 7%

Hindustan Media Ventures Limited (HMVL) announced strong financial results for the quarter and half-year ended September 30, 2025. Consolidated total revenue reached INR 499 crore in Q2 FY26, a 4% increase year-over-year (YoY) and an 11% sequential rise. Consolidated EBITDA improved significantly by 33% YoY to INR 44 crore, with EBITDA margin rising from 7% to 9%. Net cash stood at INR 947 crore.

The Print business saw substantial growth, with operating revenue up 7% YoY to INR 358 crore, driven by a 10% increase in advertising revenue. Operating EBITDA for Print soared by 106% to INR 40 crore, raising the margin from 6% to 11%. The Hindi Print segment, in particular, posted a 14% YoY increase in operating revenue to INR 197 crore.

In contrast, the Digital segment experienced revenue growth of 10% YoY to INR 61 crore, primarily due to key digital properties gaining traction. However, operating EBITDA for Digital declined by 30% YoY to (INR 30) crore, resulting in a margin of -49%, reflecting continued investments in growth-oriented strategy. The Radio business also recorded a slight decrease in operating revenue of 8% YoY to INR 32 crore, with operating EBITDA declining by 24% to (INR 4) crore.