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Karan Johar Says Dharma’s Profits Are Smaller Than People Think

He cast last year’s 50% sale to Adar Poonawalla as a step to boost profitability.

Overview

  • Johar said industrialists are often surprised by Dharma Productions’ profit-and-loss statements, calling the company “nothing” in pure profit terms.
  • He reiterated that his films are driven by creative instinct rather than calculations, saying movies are made “with our hearts.”
  • Johar confirmed that projects in the Rs 250–300 crore range or higher would need outside studio backing rather than full self-funding.
  • He pointed to last year’s deal selling a 50% stake to Adar Poonawalla, with reports citing roughly Rs 1,000 crore invested across Dharma and Dharmatic.
  • Coverage notes that the commercial underperformance of big titles such as Brahmastra and, more recently, Jigra has weighed on the banner’s earnings.