Zee Entertainment shares tumble nearly 7% on slipping into loss in Q4; ₹2/share dividend recommended

At around 11:30 AM, the stock was trading at ₹82.41 per equity share, down by 6.01%.

The scrip has fallen 7% in the past week and 6% over the month. On a year-to-date basis, it has lost 9%.

While the share hit a 52-week high of ₹151.70 on July 4, 2025, it touched a year’s low of ₹68 apiece on March 23, 2026.

Zee Entertainment Q4 results

The company reported a consolidated net loss of ₹102.4 crore during the quarter under review, compared to a profit of ₹188.4 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

Zee Entertainment’s operating revenue declined 7% year-on-year (YoY) to ₹2,024.8 crore in Q4 FY26, as against ₹2,184.1 crore in the same period of the preceding fiscal year. While its domestic advertising revenue witnessed healthy traction in January and February, it was impacted in March due to the ongoing Middle East crisis.

Its international business recorded ₹50.6 crore in advertising revenue, ₹99.9 crore in subscription revenue and ₹6.5 crore in other sales and services in Q4 of FY26.

At an operational level, it reported an EBITDA (earnings before interest, tax, depreciation and amortisation) loss of ₹268.6 crore in the quarter ended March 31, 2026, compared to a positive EBITDA of ₹285.2 crore in the year-ago period.

Final dividend

Zee Entertainment’s board of directors recommended a dividend of ₹2 per equity share of ₹1 each for FY26, subject to the approval of the members of the ensuing annual general meeting (AGM).

Other updates

Its board of directors also approved an additional investment of up to ₹100 crore in the optionally convertible debentures (OCDs) of its subsidiary, ZBullet Enterprises (ZBEL).

The investment in ZBEL, which was incorporated to launch a micro drama app named ’Bullet,’ offering short-form content, will be made in one or more tranches and as per the agreed-upon terms and conditions.

The investment would help ZBEL to meet ongoing business requirements and other general administrative purposes.

Zee Entertainment has a total market capitalisation of ₹7,916.60 crore as of May 20, 2026, according to data on the NSE.