India's print media industry is likely to report revenue growth of 20 percent in the next fiscal year, according to a report by rating agency Crisil. The likely growth in revenue from Rs 18,600 crore in fiscal 2021 to Rs 27,000 crore will be driven by recovery in its two major revenue streams – advertisements and subscriptions.
The report, released yesterday, cautioned that this "won’t be enough to reclaim the pre-pandemic highs of over Rs 32,000 crore". The higher cost of newsprint will also "tear as much as 300-350 basis points" off the operating margin, according to an analysis of print media companies accounting for 40 percent of the sector's revenue.
