Zee Entertainment Enterprises Limited (ZEEL) Earnings Call Transcripts

Zee Entertainment Enterprises Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Zee Entertainment Enterprises Limited (ZEEL:IN) reported a revenue of INR 4,700 million, marking a 71% year-on-year growth in its digital business, which achieved breakeven for the second consecutive quarter. The company faced challenges in advertising revenues, which declined 4% year-on-year due to geopolitical tensions impacting spending. Management maintained a cautious outlook for FY '27, indicating that while they expect to continue growing, the immediate advertising environment remains challenging due to ongoing macroeconomic headwinds.

Reported metrics

Guidance from management

Management maintained a cautious outlook for FY '27, emphasizing that while they expect growth, the advertising environment remains challenging due to geopolitical uncertainties.

What management said

Thanks, Mukund. Dobin, we can now open the floor for question-and-answer session. Just for the participants, just an input. PG has a hard stop at 6:15 for one of his other prior commitments. So I would request all the participants to direct your questions to PG, if any, until that time. Thanks. And Dobin, we can now open it up the floor.

No, we certainly want to invest in the music business because that's the only way to keep broadening and going ahead. And whether the question of unlocking value, that is always something that we keep considering all the time. But as of now, our objective is to just keep expanding from the 20,000 songs that we have today. Compared to my competitors, we are still a very small player. And we will keep investing and goi...

What analysts pressed on

Analysts expressed concerns about the impact of the Middle East conflict on advertising budgets and the potential for reduced discretionary spending among consumers. There were questions regarding the sustainability of revenue growth given the current macroeconomic environment.

Main topics on the call

• Digital Business Performance — ZEE5 achieved breakeven for the second consecutive quarter, with revenues growing 71% year-on-year to INR 4,700 million in Q4 FY '26. Mukund Galgali noted, "This quarter has also marked our highest ever revenues in the d...
• Advertising Revenue Decline — Overall advertising revenues declined 4% year-on-year, primarily due to the impact of the Middle East conflict on advertiser spending. Mukund stated, "March was severely impacted with the ongoing Middle East conflict whe...
• Market Share Gains — Zee Entertainment increased its network share by 80 basis points to 17.4%, with Zee TV showing robust GRP growth of 40%. Punit Goenka mentioned, "Our flagship Hindi GEC Zee TV continued to display robust GRP growth of 40...
• Strategic Investments — The company announced investments in global VFX and Phantom VFX to enhance content creation capabilities. Punit Goenka stated, "The reason we are investing in these back-end businesses... is complementary to the way the ...

Read the full Zee Entertainment Enterprises 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 27 Zee Entertainment Enterprises Limited earnings call transcripts on record, spanning January 22, 2020 to May 19, 2026. Based on this history, Zee Entertainment Enterprises Limited reports quarterly. The most recent call on file is dated May 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ZEEL

Exchange

NSEI

Country

IN

Sector

Communication Services

Industry

Media

Calls on record

27

First call

January 22, 2020

Most recent

May 19, 2026

Reporting cadence

quarterly