The ad giant's APAC (ex-Japan) arm reported a -7.0% organic revenue loss for the quarter ended June 2023.
Despite losing clients from the media business in H1FY23, Dentsu Group president and CEO Hiroshi Igarashi has expressed faith in the new Dentsu India leadership of Anita Kotwani (media), and CEO Harsha Razdan.
They have “led to a radical shift towards more effective collaboration and a focus on client centricity. Recent client wins demonstrate a return to competitiveness,” remarks Igarashi during Dentsu Group’s announcement of its Q2FY23 results.
The ad giant’s India arm lost major clients Maruti Suzuki and Reckitt to WPP’s GroupM and Wavemaker respectively, in 2023.
The impact of such high-profile media client losses in India, and China seeing market deflation resulting in reduced spend in cyclical industries where Dentsu has greater client exposure, led to Dentsu APAC (excluding Japan) reporting a -7.0% organic revenue loss in the quarter ended June 2023.
The Group reported a revenue slide of 0.1% year-on-year, with an organic decline of -4.7%, against "strong prior-year comparables".
These appointments come after a few tumultuous years for Dentsu India that saw its entire leadership team leave the network.