Our operating teams have risen to the occasion by persevering through tough timesinnovating to get business back on the rails and ensuring that our consumer connect keepsgrowing unfettered. Our group devised and implemented pandemic-appropriate work measuresand arranged for healthcare and vaccinations for all employees and their families;creating an environment that fostered hope and positivity amidst the gloom. The managementstrategically pruned costs to reset the business in the new normal. And our shareholderspersevered with us all through o_ering words of guidance and support. The net result hasbeen that the business returned to its growth trajectory by Q4 and FY 2020-21 was themost profitable year in the history of the group with all business lines deliveringhighest ever operating margins reduced leverage and a much healthier bottomline.
During the year our 56 domestic TV channels continued to inform and entertain theIndian masses as Television grew in stature as the primary mode for home-bound people toremain connected to the world outside. News operations continued unabated even during thepeaks of the pandemic as a vital service for >95% of TV viewing households that areour consumers. In Entertainment we were the last amongst peers to stop originalprogramming telecasts forced by the pandemic-led lockdown shuttering content production.We were also the first to restart Hindi GEC original content broadcasts underscoring ourresponsibility towards paying consumers.
Digital got a major fillip during the lockdown as both News and Entertainmentplatforms witnessed increased engagement. The Digital medium became preferred choice formany advertisers during the pandemic. The new growth engine of Digital subscription tookcentrestage as Voot Select grew in stature early in its lifecycle. Voot Select was thefastest to 1 mn Direct-to-Consumer paying subscribers amongst peers; despite thelimiations on quantum of original content due to the lockdown. TV18 has viewed the crisisas an opportunity to rethink business models and is emerging stronger and ready for thepost-Covid-19 world. We continue to push the envelope in content creation expandpartnerships and distribution and deploy innovative and e_cient solutions in operationsamidst ever-changing ground-realities. We hope to marry our hard-fought gains inprofitability with industry-leading growth in a more conducive business environment as wego forward. Our plans to invest in digital growth and our resolve to excel in televisionremain constant amidst a dynamic business environment.
|Adil Zainulbhai |