Media Q4 Results Preview - Another Subdued Quarter: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We believe the weakness in the media sector will likely persist in Q4 FY24. The quarter ending March is seasonally soft for advertising, but paired with a weak content pipeline too is likely to result in subdued distribution revenues for both Zee Entertainment Enterprises Ltd. and Sun TV Network Ltd. The movie exhibition business is likely bearing the brunt – Q4 FY24 occupancy can be pegged at ~22.5%. Even average ticket price may ebb sequentially given some of the movies released during the period had promotional offers running to boost footfalls. We think stock price volatility in the media space is here to stay in the near term. However, given the correction in Zee Entertainment and Sun TV, we think downside risk hereon is limited. Hence, we upgrade Zee Entertainment to Hold and retain Hold for Sun TV; maintain Buy for PVR-Inox as long-term thesis remains intact despite near-term hurdles..Click on the attachment to read the full report:.Consumer Durables Q4 Results Preview - Southern India To Drive Cooling Products Growth: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Media Q4 Results Preview - Another Subdued Quarter: ICICI Securities

The movie exhibition business is likely bearing the brunt – Q4 FY24 occupancy can be pegged at ~22.5%.

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Media Q4 Results Preview - Another Subdued Quarter: ICICI Securities

The movie exhibition business is likely bearing the brunt – Q4 FY24 occupancy can be pegged at ~22.5%.

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