Jagran digital turns profitable as revenue reaches Rs 26.81 crore

Jagran’s Digital (Print) business reported an operating profit of Rs 1.16 crore in Q2FY27, reversing a Rs 2.90 crore operating loss in Q2FY26, as operating revenue rose 24% year on year to Rs 26.81 crore. Its operating margin turned positive at 4.33%, compared with negative 13.39% a year earlier.

How did Jagran Digital (Print) perform in Q2FY27?

Jagran Digital (Print) delivered Rs 26.81 crore of operating revenue and Rs 1.16 crore of operating profit in Q2FY27. Revenue was Rs 21.69 crore in Q2FY26 and Rs 24.58 crore in Q1FY27, while operating profit was a loss of Rs 2.90 crore a year earlier and a loss of Rs 3.07 crore in the preceding quarter.

The company’s separate Group Digital Business slide rounds Q2FY27 revenue to Rs 27 crore, compared with Rs 22 crore in Q2FY26, and states growth of 24%. That slide rounds the operating result to a Rs 1 crore profit from a Rs 3 crore loss and specifies that its figures exclude Radio Digital.

Digital (Print) recorded an operating margin of 4.33% in Q2FY27. This compares with negative 12.49% in Q1FY27 and negative 13.39% in Q2FY26, making Q2FY27 the only profitable quarter among the three periods shown in Jagran’s operating-margin break-up.

What changed in Jagran Digital (Print) profitability?

Jagran Digital (Print) operating profit improved by Rs 4.06 crore year on year, moving from a Rs 2.90 crore loss in Q2FY26 to a Rs 1.16 crore profit in Q2FY27. Sequentially, the operating result improved by Rs 4.23 crore from the Rs 3.07 crore loss reported in Q1FY27.

The operating margin improved by 17.72 percentage points from Q2FY26 and by 16.82 percentage points from Q1FY27. Jagran disclosed the revenue and operating-profit outcome, but did not separately provide Digital (Print) expenses, advertising revenue, other operating income, or a quantified explanation for the change in profitability.

Revenue increased by Rs 5.12 crore from Q2FY26 and by Rs 2.23 crore from Q1FY27. The simultaneous rise in revenue and move into operating profit show that the segment’s Q2FY27 result differed from both comparison periods, although the presentation does not allocate the improvement between revenue mix, pricing, costs or other operating factors.

How does Jagran Digital (Print) compare with other segments?

Jagran Digital (Print) was one of two segments in the operating-margin table that moved from an operating loss in Q2FY26 to an operating profit in Q2FY27. Radio moved to a Rs 6.15 crore operating profit from a Rs 5.49 crore loss, while Other Publications moved in the other direction, reporting a Rs 2.24 crore loss after a Rs 3.84 crore profit.

Digital (Print)’s 4.33% operating margin was below Dainik Jagran’s 16.09% and Radio’s 15.00% in Q2FY27. It was above Outdoor and Event’s 2.70% and Other Publications’ negative 3.87% margin, based on the five operating segments listed by Jagran.

Digital (Print) also had the smallest operating-revenue base among the four positive-revenue segments in that table, at Rs 26.81 crore. Dainik Jagran reported Rs 311.90 crore, Radio reported Rs 40.96 crore, and Outdoor and Event reported Rs 57.42 crore, indicating that the positive digital result came from a smaller segment than those three businesses.

What digital audience scale did Jagran disclose?

Jagran said JNM reached about 76 million unique users in the News/Information category in September 2026. The company cited Comscore MMX Multi-Platform as the source and said JNM was among the top 10 platforms in the category.

The presentation said operational metrics remained stable during the period, but did not define those metrics. It also did not provide a prior-period unique-user figure, page views, time spent, digital advertising yield, subscription income or conversion rates, so it does not establish whether the reported 76 million-user reach grew or declined.

Jagran stated that investment in its digital business is aligned with the company’s long-term vision and is critical to unlocking future value. The presentation does not disclose a digital revenue target, operating-margin target, investment amount or timetable attached to that long-term statement.

What was the wider group profitability context in Q2FY27?

Jagran’s consolidated operating revenue rose 6% year on year to Rs 493.44 crore in Q2FY27, while consolidated operating profit declined 14% to Rs 57.32 crore. The consolidated operating margin was 11.62%, compared with 14.25% in Q2FY26, placing the Digital (Print) turnaround within a quarter of lower group-level profitability.

Consolidated raw-material expense increased to Rs 136.37 crore from Rs 107.31 crore in Q2FY26. At the print-business level, Jagran attributed profitability pressure to higher newsprint prices amid supply-chain disruptions linked to the ongoing geopolitical situation.

Dainik Jagran’s operating profit fell to Rs 50.17 crore in Q2FY27 from Rs 68.87 crore a year earlier, while its operating margin declined to 16.09% from 23.01%. Other Publications also reported a Q2FY27 operating loss of Rs 2.24 crore, compared with a Rs 3.84 crore profit in Q2FY26.

Conclusion

Jagran’s segment figures show a contrasting quarter: Digital (Print) moved into a positive operating margin, Radio also returned to profit, and the reported JNM audience reached about 76 million unique users. At the consolidated level, however, operating profit and margin declined as raw-material expense increased and print profitability fell.

The next disclosures will show whether Digital (Print) can extend its positive operating result beyond Q2FY27. Management has described digital investment as part of a long-term vision, but has not disclosed a numerical profitability, revenue, user-growth or investment target for the business.