Jagran Prakashan LimitedQ1 FY27 Results & Financial Update
Jagran Prakashan Limited: Q1 FY27 consolidated results and company financials – revenue ₹499.35 Cr, PAT ₹61.23 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Jagran Prakashan Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Jagran Prakashan Limited reported consolidated operating revenues of Rs 499.35 crores for the quarter ended June 30, 2026, marking an increase of 8.5% compared to Rs 460.05 crores in the corresponding period of the previous year.
Consolidated profit after tax for Q1 FY27 stood at Rs 61.23 crores, compared to Rs 66.76 crores in Q1 FY26, reflecting pressures from input costs and geopolitical supply chain uncertainties despite top-line expansion.
The print publishing segment continued to benefit from steady growth in advertisement revenue, which rose 14% on a consolidated basis to Rs 299.25 crores, while circulation revenue remained stable at Rs 84.78 crores.
Operating profitability in the print segment was affected by elevated newsprint prices driven by ongoing global geopolitical situations, leading to supply chain disruptions and higher raw material expenses.
The radio broadcasting business, operated through subsidiary Music Broadcast Limited, demonstrated operating margin recovery supported by strategic cost rationalization initiatives, registering an operating profit of Rs 8.92 crores compared to Rs 0.94 crores in Q1 FY26.
Digital media operations maintained strong audience engagement, with Jagran NewMedia retaining a top 15 position in the Indian news and information category with approximately 48 million unique visitors according to Comscore data.
The outdoor and events segment recorded robust operating revenue growth of 12% year-on-year to Rs 62.95 crores, driven by higher contributions from asset-based outdoor businesses and activation contracts with long-term clients.
The group maintained a solid financial position with net cash exceeding Rs 1,000 crores at the consolidated level, providing financial flexibility for ongoing operations and digital investments.
01 · Business model
What does Jagran Prakashan do?
Jagran Prakashan Limited is an Indian media conglomerate with core business operations spanning the printing and publication of newspapers and magazines, FM radio broadcasting, digital media portals, outdoor advertising, and promotional marketing and event management services.
The group publishes eight distinct publications across 13 states and union territories in five different languages, with a flagship print portfolio anchored by Dainik Jagran, which was established in 1942.
The company's subsidiary Music Broadcast Limited operates the Radio City FM network across 39 stations in 12 states and one union territory, while Midday Infomedia Limited publishes niche city-focused newspapers including Midday English, Inquilab, and Midday Gujarati.
Digital publishing operations under Jagran NewMedia and other entities maintain a large readership reach across news, information, and educational verticals, supported by specialized out-of-home advertising through Jagran Engage and below-the-line activation through Jagran Solutions.
02 · Historical context
What shaped the business before this quarter
Established in 1942 by freedom fighter Late Shri Puran Chandra Gupta, the company's flagship brand Dainik Jagran grew to become one of India's most widely read daily newspapers.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹499.35 Cr |
| Total income | ₹531.06 Cr |
| Profit before tax | ₹80.99 Cr |
| Profit after tax | ₹61.23 Cr |
| EPS | ₹2.70 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated advertisement revenue from print and digital increased by 14% year-on-year to Rs 299.25 crores, up from Rs 262.52 crores in Q1 FY26.
Digital revenues within print operations expanded by 30.8% year-on-year to Rs 24.58 crores, reflecting higher user engagement and monetization efforts across web platforms.
Consolidated circulation revenue remained steady at Rs 84.78 crores compared to Rs 84.85 crores in the corresponding quarter of the previous year.
What drove margins
Raw material expenses, primarily comprising newsprint, rose to Rs 132.05 crores from Rs 105.87 crores in Q1 FY26 due to supply chain disruptions and geopolitical factors.
Music Broadcast Limited improved its operating profit margin to 20.03% from 1.90% in Q1 FY26 as a result of strategic cost rationalization and operational efficiency measures.
Consolidated manpower costs increased moderately to Rs 112.44 crores from Rs 109.83 crores, while other expenses stood at Rs 174.37 crores.
05 · Demand, customers & order book
Where demand is coming from
Dainik Jagran retained its position as India's largest read daily newspaper with a total readership of 6.9 crores, leading the second-largest newspaper by a margin of 1.6 crore readers according to IRS 2019 Q4 data.
Jagran NewMedia reached approximately 48 million unique visitors in the news and information category, with Jagran.com attracting ~36 million unique visitors and Jagranjosh.com recording ~7 million unique visitors in June 2026.
Music Broadcast Limited reported that 29% of new clients on the radio platform advertised on Radio City during the quarter, while the share of top 25 radio spenders increased to 21.8% from 15.6%.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Dainik Jagran (excluding digital) generated operating revenue of Rs 314.15 crores with an operating profit of Rs 59.84 crores and an operating margin of 19.05%.
Midday, Naidunia, I-Next, Punjabi Jagran, Inquilab, and Sakhi posted combined operating revenue of Rs 54.45 crores and an operating loss of Rs 2.04 crores.
Music Broadcast Limited reported operating revenue of Rs 44.54 crores and an operating profit of Rs 8.92 crores, representing a 20.03% operating margin.
Digital print operations recorded operating revenue of Rs 24.58 crores and an operating loss of Rs 3.07 crores as investments in digital platforms continued.
Outdoor and event businesses achieved operating revenue of Rs 62.95 crores and an operating profit of Rs 5.64 crores, yielding an 8.96% operating margin.
Geography and market mix
The group publishes its newspaper titles across 13 states and union territories, maintaining deep regional penetration across northern and western India.
Radio City operates across 39 FM stations located in 12 states and one union territory, providing localized terrestrial and digital audio programming.
07 · Strategy & new businesses
How the company is trying to change its growth mix
The company continued investing in digital news and information platforms across Jagran NewMedia, Midday, and Radio City to capture online audience growth and long-term monetization potential.
08 · Reported developments
What changed operationally
Consolidated advertisement revenue grew by 14% year-on-year, driven by strong demand across print, radio, and digital channels.
The group received 25 awards during Q1 FY27 from various national and international bodies, including Global Media Awards (INMA) and Abby One Show Awards for Dainik Jagran.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
CRISIL reaffirmed its credit rating of AA+ Stable for long/medium-term and A1+ for short-term for Jagran Prakashan Limited, A1+ for short-term and AA/Stable for long-term for Music Broadcast Limited, and AA(-)/Stable for Midday Infomedia Limited.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Shareholder Distributions
The company highlighted a cumulative historical shareholder distribution of approximately Rs 2,100 crores through dividends (~Rs 900 crores) and share buybacks (~Rs 1,200 crores).
11 · Key Q&A
The quarter, answered directly
What does Jagran Prakashan do?
Jagran Prakashan Limited is an Indian media conglomerate with core business operations spanning the printing and publication of newspapers and magazines, FM radio broadcasting, digital media portals, outdoor advertising, and promotional marketing and event management services.
What is the clearest takeaway from Q1 FY27?
Jagran Prakashan Limited reported consolidated operating revenues of Rs 499.35 crores for the quarter ended June 30, 2026, marking an increase of 8.5% compared to Rs 460.05 crores in the corresponding period of the previous year.
What drove revenue or demand?
Consolidated advertisement revenue from print and digital increased by 14% year-on-year to Rs 299.25 crores, up from Rs 262.52 crores in Q1 FY26.
What mattered most for margins or profitability?
Raw material expenses, primarily comprising newsprint, rose to Rs 132.05 crores from Rs 105.87 crores in Q1 FY26 due to supply chain disruptions and geopolitical factors.
What changed operationally beyond the headline numbers?
The company continued investing in digital news and information platforms across Jagran NewMedia, Midday, and Radio City to capture online audience growth and long-term monetization potential.
What should the next disclosure help confirm?
Monitor international newsprint price movements and supply chain stability for potential impacts on print segment operating margins.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Newsprint Price Trends: Monitor international newsprint price movements and supply chain stability for potential impacts on print segment operating margins.
- 02
Digital Revenue Scaling: Track revenue growth and monetization milestones across digital publishing platforms, including Jagran NewMedia and digital audio initiatives.
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