Print Advertising Lifts HT Media's Q1 Revenue 15% To Rs 497 Crore

HT Media's consolidated revenue rose 15% to Rs 497 crore in the first quarter of FY27, driven by print advertising growth.

• Consolidated revenue: Rs 497 crore, up 15% year-on-year, quarter ended June 30, 2026
• Print ad revenue: Rs 295 crore, up 15% from Rs 256 crore
• Print operating revenue: Rs 376 crore, up 16%; operating EBITDA up 244% to Rs 50 crore; margin at 13%, up from 4%
• Consolidated EBITDA: Rs 90 crore, up 224%; margin at 18%, up from 6%
• Profit after tax (before exceptional items): Rs 47 crore, up from Rs 4 crore; PAT margin at 9%, up from 1%
• Hindustan (Hindi) ad revenue: Rs 139 crore, up 20%; English portfolio (Hindustan Times, Mint): up 12%

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Print Advertising Doing The Heavy Lifting

The headline numbers make print advertising, not circulation or digital, the growth engine behind the quarter: print ad revenue rose 15% year-on-year to Rs 295 crore, while circulation revenue stayed nearly flat at Rs 52 crore against Rs 51 crore a year earlier. That combination, advertising doing almost all the work while circulation barely moves, is a familiar pattern for print businesses at this stage, but the scale of the operating EBITDA jump, up 244% to Rs 50 crore with margin expanding to 13% from 4%, points to cost management amplifying the advertising gain rather than the ad growth alone explaining the profitability swing.