Publishing company Repro India announced Q1FY24 results:
- Consolidated Q1FY24 revenue of ~ Rs 120 crore, YoY growth of 13%.
- Digital biz vertical Q1FY24 revenue of ~ Rs 66 crore, YoY growth of 31%, and revenue share of 55%. Healthy YoY growth in all key indicators continues.
- Digital Books per day average of ~ 33k in Q1FY24 vs 24k in Q1FY23, a growth of 36%.
Publishers onboarded: YoY growth of 35%.
- Gross margins for Q1FY24 of 44% vs 43.9 % in Q1FY23
- Q1FY24 EBITDA of ~ Rs 13 crore vs ~Rs 8.9 crore in Q1FY23, YoY growth of 46%
- Q1FY24 EBITDA margin of ~ 10.9% vs 8.4% in Q1FY23.
- Q1FY24 PAT of Rs 3.04 crore vs Rs 0.18 crore in Q1FY23
- Channel partnerships – Strategic joint business plan closed with Amazon & Flipkart for FY24, on track for continued growth
- 16 new publishers onboarded on the Repro platform:
- Exclusive POD partnership with Disney (1st in the World) for the young adult catalog
- Increased traction with MNC publishers – Penguin, Harper Collins, Bloomsbury
- Innovative models – weekly flash sales on Flipkart with a growing base of Youtube influencers
- Onboarded a fast-growing tech-enabled platform for Children’s self-publishing – Bri books
- Technology investments in the quarter: Data platform – analytics & intelligence, predictive sales & forecasting, automated price interventions on channels. This will lead to higher content monetization of our digital repository due to higher buy box wins on e-commerce channels.