Transcript of the Conference Call for Investors and Analysts held on Monday, May 11, 2026

DB Corp Limited held its Q4 & FY2026 earnings call. Q4 FY26 saw consolidated advertising revenue grow 6% YoY to INR 4,067M, with EBITDA up 15.6% to INR 1,176M and PAT up 18.8% to INR 622M. For the full year FY26, total revenue was flat at INR 24,408M, but excluding last year's election impact, print advertising revenue grew 6.3% and EBITDA margin expanded by 66 bps to a robust 28%. The management noted that newsprint prices have risen to INR 49,000/ton average in Q4 and expects a further 6-8% increase in Q1 FY27 due to cost pressures and global supply dynamics. Digital business maintains ~20 million MAUs, with new focus on Uttar Pradesh market. Radio business contributed INR 358M in ad revenue, with 7 new My FM stations becoming EBITDA positive within 3 months of launch. Capex of INR 120-140 crore is being deployed to buy out rental properties to save on lease costs.