DB Corp Ltd
NSE:DBCORP
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DB Corp Ltd
DB Corp. Ltd. engages in the business of publishing newspapers, radio broadcasting, event management, internet, and energy. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2010-01-06. Corp Limited is an India-based print media company, which is engaged in the sale of newspapers and magazines, and advertisement revenue. The firm also has a presence in the radio and digital sectors. The firm's segments include Print Segment, Radio Segment and Digital Segment. Its Print Segment includes newspaper, magazines and printing job work. Its Magazines & Supplements include Aha! Zindagi, Bal Bhaskar, Young Bhaskar, Madhurima, Navrang, Kalash, Dharmdarshan, Rasik and Lakshya. The Radio segment includes the broadcasting of radio 94.3 my Frequency modulation (FM). Its brands in publishing business include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarati dailies), Divya Marathi (Marathi daily) and DB Star. Digital Segment includes the Websites dainikbhaskar.com, divyabhaskar.com, divyamarathi.com, homeonline.com and moneybhaskar.com.
DB Corp. Ltd. engages in the business of publishing newspapers, radio broadcasting, event management, internet, and energy. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2010-01-06. Corp Limited is an India-based print media company, which is engaged in the sale of newspapers and magazines, and advertisement revenue. The firm also has a presence in the radio and digital sectors. The firm's segments include Print Segment, Radio Segment and Digital Segment. Its Print Segment includes newspaper, magazines and printing job work. Its Magazines & Supplements include Aha! Zindagi, Bal Bhaskar, Young Bhaskar, Madhurima, Navrang, Kalash, Dharmdarshan, Rasik and Lakshya. The Radio segment includes the broadcasting of radio 94.3 my Frequency modulation (FM). Its brands in publishing business include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarati dailies), Divya Marathi (Marathi daily) and DB Star. Digital Segment includes the Websites dainikbhaskar.com, divyabhaskar.com, divyamarathi.com, homeonline.com and moneybhaskar.com.
Revenue: Q3 FY '26 revenue declined 4% year-on-year to INR 6,293 million due to a high base from last year's festive and election-driven advertising.
Advertising: Q3 advertising revenue fell 7.8% YoY to INR 4,395 million, mainly due to the absence of election-related ads and a festive shift to Q2, but print ad growth was 6% on a like-to-like basis (excluding elections).
Margins: Q3 EBITDA margin improved to 25% (29% for print), supported by tight cost control and operating efficiencies.
Costs: Total operating costs decreased 2% QoQ, reflecting management's focus on efficiency.
Digital: Digital business remains a growth focus, with 21 million monthly active users on apps as of November 2025, but monetization is still in early stages.
Radio: Radio segment saw continued softness; revenue was INR 410 million with EBITDA of INR 127 million, impacted by election absence and lower government spend.
Newsprint: Newsprint prices remained stable in Q3; management expects only minor fluctuations going forward.
Government Ad Rates: Recent government approval for a 26% increase in print ad rates should support revenue from Q4.