Digital transformation to drive media revenue growth to 8% by FY2027

The Indian media industry is expected to see annual revenue growth of approximately 8 per cent by FY2027, driven by the increasing dominance of digital platforms, with annual revenue reaching approximately Rs 60,000 crore.

This follows a slower annual growth of 5 per cent between FY2019 and FY2024, as consumer preferences shifted to digital platforms, according to data provided in a CRISIL report. The revenue growth, along with a focus on rationalising costs, is projected to expand operating margins by almost 500 basis points (bps) to approximately 18 per cent by FY2027.