Analyst Meet / AGM - Analyst Meet
Management expects double digit sales growth in FY'17
The company held its investor meet on 11th July 2016 and was addressed by Rakesh Goswami -CGM (F & A) and P. K. Pandey - Head Investor & Media
Key Highlights
Ad revenue growth has revived in June'16 quarter. Strong volume pick up across sectors like education, auto, consumer durables, realty etc. States in which the revival is seen is MP, Chattisgarh, Rajasthan, Gujarat and Bihar.
Bihar government completed 1st year in July'16. Ad budgets are high from the State.
The company will also benefit from the cover price hikes taken earlier. Also management expects to hike further as the year FY'17 progresses.
Newsprint prices are higher by around 3-4% YoY.
Company expects operating leverage to kick in and thus, margins to be better in FY'17.
Radio also did well in June'16 quarter and 3 more channels will be operational in FY'17.
Management expects around 13% ad revenue growth in FY'17
Receivable and inventory days to improve further from around 68 and 40 days currently to under 50 and 35 days respectively in next 2 years.
Overall, management expects a double digit sales growth in FY'17 and in FY'18 as well.
Powered by Capital Market - Live News