Entertainment Network (India) Limited (ENIL) Earnings Call Transcripts

Entertainment Network (India) Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Entertainment Network India Limited (ENIL) reported consolidated revenues of INR 565 crores, reflecting a year-on-year growth of 3.9%. The digital business was a standout performer, achieving revenues of INR 112.4 crores for the fiscal year, marking an impressive growth of 84%. Management maintained a cautious outlook, indicating that FY '27 could be a pivotal year for achieving breakeven in the digital segment, while also signaling ongoing challenges in the traditional radio business due to macroeconomic factors.

Reported metrics

Guidance from management

Management expects FY '27 to be a pivotal year for achieving breakeven in the digital segment, indicating a focus on sustainable growth and profitability.

What management said

So see, the way we look at it anywhere globally also subscriber -- subscription business over -- after you breakeven does drive good profitability. In this case, there is a little bit of patience to be driven because here you're coming from a free product to a pure subscription business. So it will depend on how the overall ecosystem of Spotify and other players also play in the pure subscription game. But having sai...

So I don't think India is still seeing the inflection point of music subscribe subscription. The video subscriptions had seen a COVID year where there was an inflection point. I believe the way we look at Indian market, there is 100 million population, which will -- should be paying for any subscription. That's what we target. In the last 2 years, we have seen music subscription double up. And I think that's the wa...

What analysts pressed on

Analysts expressed concerns over the flat growth in Gaana's revenue in recent quarters and the impact of geopolitical tensions on international operations. There were questions regarding the competitive landscape and pricing power in the subscription market.

Main topics on the call

• Digital Business Growth — ENIL's digital business generated INR 112.4 crores in FY '26, up 84% year-on-year, contributing approximately 48% to overall revenue. Management stated, 'The strong performance reflects the increasing scale, relevance an...
• Radio Segment Challenges — The radio segment faced headwinds with a volume market share of 25.2% amid subdued demand conditions and geopolitical tensions. Management noted, 'The slowdown was further aggravated by the ongoing geopolitical tensions ...
• EBITDA Performance — For FY '26, EBITDA excluding digital was INR 76 crores, resulting in an EBITDA margin of 18%. This indicates stable profitability despite challenges in other segments.
• Future Guidance — Management indicated that FY '27 could be a defining year for achieving breakeven in the digital segment, stating, 'We believe FY '27 is a year where we look at breakeven.'

Read the full Entertainment Network (India) Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 Entertainment Network (India) Limited earnings call transcripts on record, spanning February 10, 2020 to August 6, 2026. Based on this history, Entertainment Network (India) Limited reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ENIL

Exchange

NSEI

Country

IN

Sector

Communication Services

Industry

Media

Calls on record

25

First call

February 10, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly