Punit Goenka confident about ZEE’s growth amid legal and industry challenges
Subscribe to enjoy similar stories. Mumbai: At the 42nd Annual General Meeting (AGM) of Zee Entertainment Enterprises Ltd (ZEEL), CEO Punit Goenka addressed shareholders’ concerns, outlining strategies for growth and updates on ongoing legal challenges. He reaffirmed the company’s commitment to navigating the evolving media landscape while creating long-term value for stakeholders.
On financial projections, Goenka outlined ZEEL’s goal of achieving 8-10% revenue growth and an 18-20% margin over the next three years. While television remains the largest contributor to both revenue and margin, he stated that digital and music businesses are poised for faster growth. “All businesses in our portfolio are expected to grow positively in the near term, with digital and music likely to outpace the linear television segment," he added.
Goenka emphasized the importance of focusing on new growth engines, including digital platforms and music, to drive future profitability. “We are streamlining cost structures, optimizing investments, and accelerating growth in key areas like music and digital. These steps aim to restore the company’s growth and margin profile and deliver stronger shareholder value," he said.
Highlighting ZEE5 as a key driver, he added, “The peak investments for ZEE5 are behind us, and quarterly losses are trending downward. By FY25, we expect ZEE5 to align with our financial expectations." He also underscored the broader opportunities available to ZEEL due to its strong presence in 190 countries and operations across 20 languages. “Our ability to resonate with audiences, coupled with a strong free cash generation profile and a healthy balance sheet, positions us to capitalize on industry growth opportunities," he
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