ZEEL designing omni-channel business model for future growth: CEO Punit Goenka

Zee Entertainment aims to build a more robust foundation for future growth by harnessing its capabilities to design an omni-channel business model, said CEO Punit Goenka in his address to the shareholders at the 43rd Annual General Meeting of the company.

“Our clear focus during the year was on implementing sharp, result-oriented steps in line with our strategic growth plan. Your company is transforming for the next era and building a strong springboard to propel into the future with a robust roadmap for long-term success,” he said in the address.

“We exercised a prudent cost discipline that also resulted in a cost calibration of certain key business segments. This enabled us to streamline the businesses to accrue gains in this evolving landscape, by seamlessly combining our core strength of content creation with emerging technologies. Your company aims to build a more robust foundation for future growth by harnessing its capabilities to design an omni-channel business model,” Punit Goenka added.

“Substantial efforts are being undertaken to integrate data-led decisions into content creation, embedding technology deeper into our operations. We are building a future-ready talent pool, equipping them with the skills and mindset needed to thrive in a highly competitive landscape,” he said.

Meanwhile, Chairman R Gopalan, in his address to the shareholders said that in an industry where change has been the only constant, ZEE’s ability to swiftly adapt to the shifts has proven to be its unique strength.

“The company maintained a steady outlook on performance across all aspects of the business with emphasis on content quality and cost effectiveness. The management team has taken significant efforts to enhance offerings across languages and cater to the evolving consumers’ palette. Steps being taken in this direction remain consistent, and we are starting to witness viewership gains across markets in the current financial year,” shared Gopalan.

“Concerted action taken in the digital segment with a firm focus on profitability has enabled your company to significantly reduce losses from the segment. The efforts have further enabled your company to deliver a higher dividend of Rs. 2.43 per equity share, in line with its commitment to enhance shareholder value,” he mentioned.

Talking about the company’s vision for the future, Gopalan shared that with an aim to maximize revenue generation, ZEE has identified certain new growth avenues that aptly synergize with its core business segments.

“The Board has also augmented its capabilities and strengthened its composition with members that have well-rounded expertise across various domains. We are taking the right steps, keeping future requirements in view, by encouraging innovation in every aspect of the business, whether in content, delivery, technology. During the year, we have taken considerable efforts to further strengthen the compliance standards, risk management frameworks, key policies and enhanced disclosures in the interest of all stakeholders,” he said.