Digital to drive media revenue growth to 8% in next two fiscals to Rs 60,000 crore

MUMBAI: The digital space will help media companies to print in an 8 per cent annual revenue growth over the next two years, taking the topline to Rs 60,000 crore, on the back of an annualized 5 per cent growth over the past five fiscals. In FY24 the topline reached Rs 47,000 crore, says a report.

Revenue growth, along with focus on cost rationalization, will expand operating margin by 500 bps to 18 per cent by fiscal 2027, Crisil Ratings said Thursday in a report based on the analysis of 20 media companies which account for 55 per cent of the industry revenue. The report did not quantify how much the topline will be in FY25.