D. B. Corp (DBCORP) Investor presentation summary

Market presence and reach

• Operates across 12 states with 61 editions in 3 languages, covering 58% of India's landscape and 47% of the urban population.

• Holds dominant or leading positions in key states like Madhya Pradesh, Rajasthan, Gujarat, and Maharashtra.

• Print readership has grown from 3.2 million in 1996 to 66.3 million in 2024.

• Digital platforms, including Dainik Bhaskar and Divya Bhaskar apps, have seen significant growth, with Dainik Bhaskar app reaching 17.2 million monthly active users by June 2024.

• MY FM radio network covers 7 states, 403 towns, and 29,389 villages, reaching over 112 million people.

Financial performance

• Achieved highest-ever revenue (₹2,482 Cr), EBITDA (₹703 Cr), and PAT (₹426 Cr) in FY24, with YoY growth of 14%, 95%, and 152% respectively.

• Total revenue grew at an 18% CAGR over 3 years, with advertisement revenue at 20% CAGR.

• EBITDA and PAT grew at 28% and 44% CAGR over 3 years, respectively.

• Q1 FY25 saw total income of ₹6,163 million, EBITDA margin of 31%, and net profit of ₹1,179 million.

• Maintains a strong balance sheet with zero debt, high ROCE (28.2%) and RONW (21.5%) in Q1 FY25.

Industry positioning and growth

• Outperformed the print media industry with 45% growth vs. industry’s 18% over the last decade.

• Print segment remains robust, with newspapers being the most trusted news source across demographics.

• Print ad revenue and circulation have shown consistent growth, with circulation up 70% since FY13.

• Print segment revenue projected to grow from ₹271 billion in 2023 to ₹288 billion by 2026.