Mumbai: D B Corp Ltd (DBCL), a print media company and publisher of Dainik Bhaskar, Divya Bhaskar, Divya Marathi, and Saurashtra Samachar, announced its financial results for Q4 and full year ended March 31, 2025. Despite macroeconomic headwinds and a high base in Q4 FY2024, the company sustained strong profitability and reaffirmed its leadership in both print and digital news ecosystems.
Financial Highlights
For FY2025, DBCL reported:
- Total Revenue of ₹24,212 million versus ₹24,821 million in FY24
- Advertising Revenue of ₹16,899 million, marking a robust 13% CAGR over 3 years
- Circulation Revenue at ₹4,734 million
- EBITDA at ₹6,270 million and Net Profit at ₹3,710 million, delivering a 38% CAGR over 3 years
- The print business EBITDA margin stood strong at 30%
- Newsprint costs reduced by 13% YoY to ₹47,550 PMT
However, in Q4 FY2025, the company experienced a temporary slowdown:
- Total Revenue dipped to ₹5,668 million (↓11.7% YoY)
- Advertising Revenue fell to ₹3,841 million (↓14% YoY)
- EBITDA and Net Profit came in at ₹1,017 million and ₹523 million respectively, impacted by cyclical softness and a high base
Radio Division – MY FM
MY FM continued to deliver positive performance:
- FY25 Ad Revenue grew 4.4% YoY to ₹1,663 million
- FY25 EBITDA increased 1.3% YoY to ₹558 million
- Q4 performance saw ad revenues of ₹376 million and EBITDA of ₹107 million
Strategic & Editorial Developments
DBCL executed significant circulation drives including the “Jeeto 14 Crores” campaign and scaled field operations with a 900-member team. Editorial highlights included:
- Commemorative coverage on 75 Years of Param Vir Chakra
- A decade milestone for No Negative Monday
- Investigative coverage on issues such as the NEET PG scam and Sahara land irregularities
Digital Milestones
DBCL’s digital ecosystem continued its rapid ascent:
- Dainik Bhaskar App now reaches 16.1 million MAUs, up from 2 million in 2020
- Divya Bhaskar App has grown to 3.5 million MAUs
- A clear focus on hyperlocal, video-first, and premium journalism has driven both engagement and monetization potential
MY FM’s Community-Focused Campaigns
The radio arm engaged audiences with thematic programs such as Rangrezz and Dekhta Hai, while forging collaborations with brands like Gujarat Titans and Honda BigWing, especially targeting Tier II & III cities.
Commenting on the performance, Sudhir Agarwal, Managing Director, noted the Q4 dip was due to “a modest slowdown” and emphasized the strong momentum in circulation and digital growth. He added, “With a positive macro outlook supported by factors such as the upcoming 8th Pay Commission, favourable tax policies, and a predicted normal monsoon, DBCL is well-positioned for sustained growth in FY2026.”
