Zee Entertainment Enterprises Limited submitted its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026 (Q1 FY27) to BSE Limited and National Stock Exchange of India Limited in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Performance Highlights

  • Operating Revenue: ₹19,073 million in Q1 FY27, representing a 5% year-over-year increase from Q1 FY26 (₹18,248 million) but a 6% quarter-over-quarter decrease from Q4 FY26 (₹20,248 million).
  • EBITDA: ₹789 million in Q1 FY27, a significant decline of 65% year-over-year from Q1 FY26 (₹2,280 million). The quarter showed recovery from negative EBITDA of ₹-2,686 million in Q4 FY26.
  • EBITDA Margin: 4.1% in Q1 FY27, compared to 12.5% in Q1 FY26 and -13.3% in Q4 FY26.
  • Profit After Tax (PAT): ₹743 million in Q1 FY27, a 48% decrease year-over-year from ₹1,437 million in Q1 FY26.
  • Cash Position: Cash and cash equivalents stood at ₹22,109 million as of June 30, 2026, comprising:
  • Mutual fund investments: ₹11,800 million across HDFC, Tata, SBI, Aditya Birla, Bandhan, and ICICI Prudential funds
  • Fixed deposits: ₹2,172 million with AU Small Finance Bank, ICICI Bank, and HDFC Bank
  • Subsidiary FDs: ₹3,772 million
  • Bank balance and other treasury investments: ₹4,364 million

Operational Highlights

  • Content Performance: Released 38 shows and movies during the quarter, including 15 originals
  • Viewership: Zee Network achieved its highest viewership share in over 7 years during Week 24 of 2026
  • Digital Performance: Z5 platform recorded approximately 50 billion minutes of watch time across platforms, with 83% of FIFA watch time coming from LIVE matches
  • Reach: Achieved 400+ million reach (Live + Non-Live)
  • Brand Perception: 73% of Indian viewers felt highly positive about Zee as a brand for bringing FIFA World Cup 2026 to India
  • Sports Rights: Secured broadcast rights for key FIFA events for 8 consecutive years (2026-2034)

Business Segment Performance

  • Advertising Revenue Impact: Middle East crisis affected advertising revenue, partially offset by FIFA performance
  • Studio Business: Growth driven by other language movies including "Tumbad Chi Manjula" and "Rakaasa"
  • International Revenue: Q1 FY27 breakdown:
  • Advertising revenue: ₹460 million
  • Subscription revenue: ₹1,035 million
  • Other Sales & Services: ₹155 million

Expenditure Analysis

  • Total Expenditure: ₹18,284 million in Q1 FY27, increased by 15% year-over-year from ₹15,968 million in Q1 FY26
  • Programming Expenses: Increased due to FIFA 2026 and expanded content offering across platforms
  • Strategic Investments: Continued selective investment in growth initiatives (KidZ, Bullet, Live, etc.)
  • A&P Expenses: Higher spending due to FIFA 2026 along with launch of sports channels

Balance Sheet Position (as of June 30, 2026)

  • Total Assets: ₹142,546 million
  • Non-Current Assets: ₹23,117 million (including fixed assets of ₹8,823 million)
  • Current Assets: ₹119,429 million (including inventories of ₹66,866 million and trade receivables of ₹17,442 million)
  • Total Liabilities: Not fully detailed in disclosure

ESG Performance

  • S&P Global ESG Score: 51 out of 100 in Media, Movies and Entertainment sector, placing Zee in the 96th percentile and top 5% of global players in the sector (industry average: 22)
  • NSE Sustainability Rating: 73, categorized as "Leader" (updated April 2, 2026)
  • Environmental Initiatives: Evaluating renewable energy integration, implementing water conservation, transitioning company vehicles to EVs
  • Social Initiatives: Comprehensive health screening for employees and families, Employee Satisfaction Survey 2026, complete Insider Trading Policy training compliance
  • Information Security: Maintains ISMS aligned with ISO/IEC 27001:2022 standard

Additional Information

  • The document includes standard safe harbor statements regarding forward-looking statements
  • Operating metrics are based on internal company data with inherent measurement challenges
  • Previous period figures have been regrouped and/or reclassified where necessary