Zomato – Table d'hôte Zomato is well positioned to take advantage of India’s food delivery market, growing way faster than other EMs. The company is planning to raise INR 82,500mn through an IPO to invest in its current business and initiate new delivery-focussed business streams (scaling to delivering any product). Concerns p...

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Mcap: INR 8bn | Sell | TP: INR 14, CMP: INR 24 | Downside: 42% §Q4FY21 revenues declined 7.4% YoY to Rs 425mn despite a low base, as traditional verticals were continuously under strain, losing to the digital amidst COVID. However, it grew 4.5% QoQ in Q4, contributing 11% YoY to overall volume growth. EBITDA stood at INR 29mn...

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Digital business remains a drag View Zee has reported a domestic ad revenue decline of 20% YoY, largely in line with industry estimates, despite a hefty ad revenue gain due to Zee Anmol moving towards FTA in June ’20. Ad growth challenges are expected to persist throughout H1FY22 due to lock-down in most sta...

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Existing subscribers form a large chunk of views on Zee5 Salman starrer Radhe released yesterday on Zee5/Zee Plex platforms; our channel checks indicate that the film is expected to garner almost 2.5-3mn views in the first weekend, however a large portion of this are expected to be through existing Zee5 subscribers; we expect...

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TV Monthly Monitor - April’21 - Viewership shifts, yet rankings intact Listed broadcasters’ overall performance Zee: Rankings intact, viewership weakness in GECs offset by strong come-back in the movies genre Zee reported a mixed performance in April, as group level ranking within the key...

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• Consolidated revenues declined by 5% YoY to INR 13,480mn during the quarter, impacted by the second wave of COVID-19 pandemic, while revenues declined 1% QoQ led by the high base of festive season during Q3FY21.
• Ad revenues during the quarter declined 5% YoY to INR 8490mn while Subscription revenues remained flat YoY at I...
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