Wave II submerses advertising spends softly versus 2020 levels* Covid-Wave I defaced Q1FY21 ad revenues with decline of 61% YoY(ex- IPL)/79%/87% for TV/print/radio sectors, respectively. Nevertheless, we expect Q1FY22 tapering to diminish, versus FY20 base, at 25%/45%/35% decline, respectively, primarily on: 1) ongoing TV shoot...