Investor Presentation
Awaiting price reaction for this filing.
Zee Entertainment (ZEEL) filed an investor presentation outlining its growth strategy after a board meeting on May 8, 2025. The company reported strong FY25 results, with EBITDA margin expanding 390 basis points to 14.4% and cash & equivalents doubling to INR 24.1 Bn, aided by INR 2 Bn from FCCB proceeds. ZEE5 streaming losses were cut by 50% to INR 5.5 Bn, and FY25 operating revenue stood at ~INR 83 Bn with operating profit of ~INR 12 Bn. For FY-26, management targets an EBITDA margin of 18-20%, ad revenue growth of 8-10%, TV viewership share of ~17.5%, and FCF/PAT above 1.2x. The board also appointed an independent advisor to review the FY-26 business plan and approved exploring value-accretive M&A, expanding into gaming, podcasts, syndication, and connected TV.
Positive for shareholders — clear margin expansion roadmap, strong cash generation, and a defined capital allocation framework (25-30% of net profit as dividend, ~40% for growth) signal improving fundamentals and shareholder returns. Stock may react positively to the upgraded FY-26 margin guidance and reduced ZEE5 losses.