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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Entertainment Network (India)
Entertainment Network (India) (ENIL) investor relations material
Entertainment Network (India) Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary4 Nov, 2026
Executive summary
Q2 FY27 revenue declined amid subdued advertising and festive-date shifts; cost actions and lower digital losses supported EBITDA growth.
Standalone domestic revenue was ₹1,136.5 Mn, down 16.1% YoY; standalone EBITDA rose 9.5% to ₹112.6 Mn.
Consolidated revenue from operations was ₹11,670.19 lakh and net loss was ₹485.47 lakh; six-month consolidated net loss was ₹1,086.45 lakh.
Digital revenue grew 4.6% to ₹33 Mn, reaching 29.0% of domestic revenue; digital EBITDA losses narrowed 23.3% to ₹75.2 Mn.
Financial highlights
Consolidated Q2 revenue from operations was ₹11,670.19 lakh versus ₹14,113.93 lakh YoY; total expenses were ₹13,039.43 lakh versus ₹15,408.04 lakh.
Consolidated Q2 loss before tax was ₹611.73 lakh; net loss was ₹485.47 lakh versus ₹408.92 lakh YoY.
Standalone Q2 revenue from operations fell 16.1% to ₹11,365.00 lakh; EBITDA rose 9.5% to ₹112.6 Mn, while PAT loss widened 8.7% to ₹38.8 Mn.
Consolidated EBITDA increased 5.9% to ₹120.5 Mn; international business revenue was ₹31.8 Mn.
Six-month standalone revenue was ₹22,440.77 lakh and net loss was ₹838.37 lakh, versus ₹871.84 lakh YoY.
Outlook and guidance
No formal guidance; Q3 showed early signs of advertising improvement, which management expects to continue.
Festive dates shifted event revenue into Q3; management expects event-business growth in coming quarters and years, while prioritizing profitable growth.
Gaana’s Q4 EBITDA breakeven remains an ambition; higher subscriber acquisition costs could delay it by one or two quarters.
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Latest events from Entertainment Network (India)
- FY19 growth accelerated as radio, solutions and digital expanded, despite concert losses.ENIL
Q4 18/19 - 76% income growth accompanied by expansion-led losses and a larger media footprint.ENILQ4 07/08
- FY22 losses narrowed as radio recovered and Mirchi Plus advanced the digital-first pivot.ENILQ4 21/22
- Strategic ad restraint cut FY18 earnings, while listenership, margins and digital reach strengthened.ENILQ4 17/18
- Expansion broadened reach, but demonetization and launch costs sharply reduced FY17 earnings.ENILQ4 16/17
- Radio growth restored profitability and asset-sale proceeds prepared for Phase III expansion.ENILQ4 10/11
- Radio profits improved, but OOH and events kept consolidated results in the red.ENILQ4 09/10
- Pandemic losses deepened as Mirchi accelerated its digital-first transformation.ENILQ4 20/21
- Revenue and earnings fell, but solutions margins and market share advanced.ENILQ4 19/20
Next Entertainment Network (India) earnings date
Q3 26/2710 Feb, 2027
Entertainment Network (India)
Next Entertainment Network (India) earnings date
Q3 26/2710 Feb, 2027
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