Z
from 94 today
Zee delivered another subdued quarter with a decline in ad revenue and a significant drop in EBITDA, though subscription revenue showed robust growth. We reiterate our Neutral rating with an unchanged TP of INR100, premised on ~14x Sep’28E P/E.
Zee delivered another subdued quarter with a decline in ad revenue and slumping EBITDA, despite robust subscription revenue growth. We reiterate our Neutral rating with an unchanged TP of INR100.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
