Industry sees double-digit ad growth during festival season
Business Standard|September 26, 2022
Ad spend projected to be ₹30,000 crore this time - growth of 15% over last year's ₹26,000 crore
Industry sees double-digit ad growth during festival season

After losing two festival seasons to Covid-led restrictions, 2022 is seeing an uninhibited celebration of festivals. This is pushing up discretionary spend, which is attracting advertisers and brands, who are ready to capitalise on the momentum.

The festival season has begun with Onam and Ganesh Chathurthi held earlier this month in Kerala and Maharashtra, respectively.

Navratri, celebrated in the west and north, will begin on Monday. On the other hand, Durga Puja, Dussehra and Diwali will be celebrated next month across the country.

Top advertising and media agency executives estimate ad growth this festival season at around 15 per cent compared to last year. Spends are likely to surpass 2019 levels for the second time in a row.

This story is from the September 26, 2022 edition of Business Standard.

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This story is from the September 26, 2022 edition of Business Standard.

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