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Earnings Call

Saregama India Earnings Call: Key Takeaways

Saregama Q4FY26 revenue grew 19% YoY to ₹287cr; EBITDA up 31% to ₹133cr. Strategy pivots toward music licensing and artist management while winding down in-house film production.

Why this was an Alfa AlertNot a filter event. Results and guidance are in line with long-term targets.
Highlights
Revenue growth19% YoY for Q4; H2 growth (26%) significantly outpaced H1 (8%).
MarginsMusic margins improved to 68% in Q4 due to content phasing.
Demand visibilityStrong; 20-year opportunity in underpenetrated Indian music market.
Management confidenceHigh; citing shift from free to paid platforms and content success.

Growth

FY26 music vertical revenue grew 17% YoY to ₹814cr with 68% segment margins in Q4.

Outlook

Guided 20-23% CAGR for music vertical; ₹300-350cr new content budget for FY27; Bhansali Productions strategic investment.

Risks

Slow paid streaming penetration in India (<3%); lumpiness in live events business; previous weakness in Punjabi market.

Source

Earnings Call filed with BSE, NSE: SAREGAMA. Summary written with AI assistance from the document.

Read the document ↗

Saregama India Ltd: key numbers

Share price
₹643.85
Market cap
₹12,414 Cr
Revenue (annual)
₹984.6 Cr
Net profit (annual)
₹207.1 Cr
P/E (TTM)
51.4×Sector 28.9×
Promoter holding
60.84%+0.00% QoQ
FII holding
11.88%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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