Jagran Prakashan Limited (JPL), India's leading media conglomerate and publisher of the country's most-read daily 'Dainik Jagran', has announced robust financial results for the second quarter of fiscal year 2026 (Q2FY26), demonstrating resilience in a dynamic media landscape.

Financial Highlights

JPL reported a significant uptick in its standalone performance for Q2FY26:

The company's consolidated results also showed positive momentum:

Segment Performance

Print Business

The print business led the growth with advertisement revenue increasing from ₹237 crores to ₹270 crores, while operating profit rose from ₹64 crores to ₹84 crores.

Digital Business

Jagran New Media (JNM) maintained its position amongst the top 15 in India's news/information category, reaching approximately 65 million unique visitors.

Radio Segment

Music Broadcast Limited (MBL) maintained an 18% market share in Q2FY26, with 42% of total clients advertising on Radio City.

Outdoor and Events

This segment registered a 16% revenue growth, driven by asset-based businesses.

Key Developments

• JPL has distributed ₹1,900 crores to shareholders through dividends and buybacks, maintaining a net cash position of over ₹1,000 crores at the group level.
• The company paid an interim dividend of ₹6 per equity share (300% on face value of ₹2 per share) on June 12, 2025, for the financial year ending March 31, 2025.

Outlook

Jagran Prakashan's strong performance in advertisement revenue and profit growth suggests a positive outlook for the media sector. The company's ability to maintain market leadership in print while expanding its digital footprint positions it well for future growth.

As the media landscape continues to evolve, JPL's multi-platform approach and strong financial position provide a solid foundation for navigating market challenges and capitalizing on emerging opportunities.

Note: All financial figures are in Indian Rupees (₹).

Jagran Prakashan Limited (JPL), India's leading media conglomerate and publisher of 'Dainik Jagran', has announced its financial results for the second quarter of fiscal year 2026, showcasing resilient performance amidst evolving market dynamics.

Financial Highlights

For Q2FY26, JPL reported:

The company's standalone performance showed robust growth, with operating revenue increasing by 10.1% year-over-year to ₹413.77 crore. Advertisement revenue, a key driver of growth, surged by 12.9% to ₹276.15 crore, reflecting the company's strong market position and effective monetization strategies.

Digital Initiatives and Diversification

JPL's digital revenue stood at ₹20.27 crore, slightly lower than the ₹20.69 crore reported in Q2FY25. However, the company's focus on digital monetization remains strong, with initiatives aimed at expanding its digital footprint and enhancing content offerings across vernacular markets.

The company's digital properties, operated by Jagran New Media (JNM), continue to perform well, maintaining a position among the top 15 in the news and information category with approximately 65 million unique visitors.

Segment Performance

Print Media

Dainik Jagran, the flagship brand, reported an operating revenue of ₹299.29 crore, up from ₹266.44 crore in the same quarter last year, with an improved operating margin of 23.01%.

Radio

The radio segment faced challenges with Music Broadcast Limited (MBL) reporting a decline in operating revenue to ₹37.84 crore from ₹54.83 crore in Q2FY25, resulting in an operating loss.

Strategic Focus

Jagran Prakashan is actively pursuing a strategy centered on digital monetization and advertising recovery, particularly in tier-2 and tier-3 markets. The company aims to achieve 10-12% top-line growth through:

1. Print advertising revival
2. Cost optimization measures
3. Strategic content expansion across vernacular markets

Outlook

Despite challenges in certain segments, JPL's overall performance demonstrates resilience and adaptability in a rapidly evolving media landscape. The company's focus on digital initiatives, coupled with its strong print presence, positions it well for future growth.

As Jagran Prakashan continues to navigate the changing media consumption patterns, its emphasis on digital monetization and content diversification is expected to drive sustainable growth in the coming quarters.

Investors and industry observers will be watching closely to see how JPL's strategies unfold, particularly in terms of balancing traditional print media with digital expansion to capture emerging opportunities in the Indian media market.