Dish TV Narrowing Loss amidst OTT Competition

Dish TV India Ltd reported a reduced net loss of Rs 303.95 crore in Q4 FY26, compared to Rs 402.19 crore last year. Revenue fell 29.27%, impacted by OTT competition and shifting consumer habits. CEO Manoj Dobhal emphasized strategic focus on platform expansion and hybrid entertainment capabilities.

Direct-to-home satellite television content distribution platform Dish TV India Ltd on Tuesday reported a narrowing of its consolidated net loss to Rs 303.95 crore in the March quarter of FY26.

The company had reported a net loss of Rs 402.19 crore in the January-March quarter a year ago, Dish TV said in a regulatory filing.

Revenue from operations fell 29.27 per cent to Rs 243.07 crore in the March quarter of FY26. It was at Rs 343.66 crore in the corresponding quarter.

''Performance during the quarter continued to be impacted by multiple external and macroeconomic factors, including intensifying competition from OTT and digital platforms, evolving consumer viewing preferences and consumption behaviour, persistent inflationary pressures affecting overall spending patterns, and continued currency depreciation, which collectively impacted the operating environment and business performance,'' said Dish TV in its earnings statement.

The company continued to focus on platform expansion, operational efficiencies, consumer engagement, and strengthening hybrid entertainment capabilities, it added.

In the December quarter, Dish TV's subscription revenues were at Rs 156.3 crore, down 47.19 per cent.

Total expenses of Dish TV were at Rs 484.34 crore, up 16.1 per cent in the fourth quarter of FY26.

The total income at Rs 253.87 crore in the March quarter was down 27.53 per cent year-on-year.

CEO Manoj Dobhal said consumer viewing preferences continue to evolve towards more connected and integrated entertainment experiences across screens and platforms.

''During the quarter, we continued making strategic progress through the expansion of our VZY Smart TV portfolio, stronger industry engagement through Content India 2026,'' he said.

For the entire FY26, Dish TV's net loss widened to Rs 807.39 crore. Its total consolidated revenue was at 1,191.98 crore, down 25.21 per cent in the financial year ended March 2026.

Shares of Dish TV India Ltd on Tuesday settled at Rs 3.38 on BSE, down 3.15 per cent from the previous close.