Higher ad spends, falling newsprint cost to improve print revenues, profitability in FY24: Crisil

The profitability of the print media sector will increase by 1,000 basis points (bps) to 14.5% this fiscal year as a result of rising topline and falling newsprint prices. The growth predictions are based on an analysis of Crisil-rated print media companies, which generate more than 40% of the industry's revenue.