Zee Entertainment Enterprises Ltd. share price target

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 1540.3 crore (vs. our estimate of | 1592.2 crore). Advertisement revenue, despite GST uncertainty led setback in June, witnessed 6% YoY growth to | 966 crore and was higher than our estimates of 4.2% YoY growth. Adjusting for sports (now exited) and RBNL (acquired recently), domestic ad revenues grew 6.9% YoY to | 868.8 crore. Subscription revenues came in at | 479.1 crore, down 9.3% YoY mainly due to absence of sports business. On a like-to-like...

while remained stable yoy. Higher depreciation and amortization along with an abnormally higher tax rate of 48% (resulted from the dividend remitted from the foreign subsidiaries and RBN acquisition) resulted into depressed bottomline. Reported PAT came in at an 2.5 bn,...

Revenue fell by 6.78% to Rs. 1527.95 Cr in Q4FY17 when compared to the previous quarter.

ZEEL's Q4 adj. domestic ad revenue growth surprised positively at 8.6% (vs. industry'sflattish ad revenue) this was largely driven by market share gain across most of its regional channels.

Zee Entertainment Enterprises Ltd (ZZEL) reported healthy Q4FY17 results on all parameters. Post demonetisation, advertising revenue was under pressure for media companies, however, the ad industry growth is back on growth track. Digitisation has played a major role in terms of bringing incremental subscription revenue for broadcasters.

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 1528.0 crore (vs. our estimate of | 1536.4 crore). Advertisement revenues remained subdued and lower-thanexpected at | 846.9 crore (decline of 2% YoY vs. our estimate of 3.3% growth), owing to post demonetisation woes. Subscription revenues came in at | 558.0 crore, down 6.1% YoY (our estimate: decline due to high base on account of catch-up revenues in Q4FY16). While domestic subscription revenues declined 2.7% YoY, the decline in international subscription revenues was steeper at 8.2% YoY. The...

Jio and cut throat competition happening over there, the de-growth in FMCG and e-com space got offset by the spurt in the telecom domain. New launches by the auto companies too supported the cause and are expected to continue in to do so in the ensuing quarters. Dominance in the regional space, mainly in the Marathi (>50 % market share) & Oriya...

Zee Entertainment Enterprises Ltd reported healthy Q3FY17 numbers amidst demonetisation woes. The company reported 3.4% yoy increase in net sales at Rs 1,639crs. EBITDA shot up by 20% yoy to Rs 515.8crs. EBITDA margin improved by 438bps yoy to 31.5% led by cost optimisation. Net profit for the quarter stood at Rs 250.8crs, a growth of 8.6% over Q3FY16.

Revenue fell by 3.32% to Rs. 1639.12 Cr in Q3FY17 when compared to the previous quarter. On the other hand, it increased by 3.39% when compared with Q3FY16