ALFA Finder| Management target | Revenue 20.0% FY27 |
|---|
| Margins | Music EBITDA margins guided at 60-65%; Artiste Management margins currently lower (10%). |
|---|---|
| Demand visibility | Strong; 60% of music revenue from IP released post-2000. |
| Management confidence | High; bullish on subscription growth reaching 100M paying users soon. |
Growth
Music vertical grew 39% YoY to Rs. 230.6Cr; overall revenue growth of 27% with operational PBT up 38%.
Outlook
Guided 20-23% annual growth for Music vertical with 60-65% EBITDA margins; planned Rs 300-350Cr investment in new content.
Risks
Video vertical revenue declined 52% as company winds down film business; low paid-streaming penetration in India (3%).
Last quarter's promises, checked
Delivered
- Pocket Aces breakeven → Delivered breakeven (= BEAT)
- Music vertical growth H2 vs H1 → H1 8% vs H2 26% (= BEAT)
- Music EBITDA margin 60-65% → Delivered 68% (= BEAT)
Partly delivered
- New content releases → 1,200 songs delivered but major films delayed to FY27 (= PARTIAL)
Missed
- New content spend Rs 300Cr+ → Delivered Rs 235Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: SAREGAMA. Summary written with AI assistance from 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.
More from Saregama India Ltd
All →Saregama India Merger & Restructuring
Saregama India's board approved closing its wholly owned Dubai subsidiary, Saregama FZE, which has no ongoing operations. The closure is not expected to materially affect business operations.
Saregama India Earnings Call Transcript: Key Takeaways
Q2 revenue ₹314 Cr (+37%) and adj. EBITDA ₹118 Cr (+39%), helped by a low base and upfront recognition of old-film licensing. Management pushes a rolling-12-month view.
- Call
- Guides 20% growth
Saregama India Investor Presentation: Key Takeaways
Q2 FY27 revenue INR 3,143 Mn (+37% YoY), Adj. EBITDA INR 1,180 Mn (+39%), PAT INR 642 Mn (+47%). Music-led growth; Live Events doubled; Video down 16%.
Saregama India Q2 FY27 Results: Net Profit ₹64.2 Cr, Up 46.6% YoY
Saregama India Ltd reported revenue from operations of ₹314.3 Cr (+36.7% YoY) and net profit of ₹64.2 Cr (+46.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹64.2 Cr · +46.6% YoY
Saregama India Other Announcement
Saregama India Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026. This disclosure reports the current stake distribution among its shareholders.
Saregama India Employee Stock Options
Saregama India approved the grant of 10,50,000 employee stock options to an eligible employee at an exercise price of Rs. 496.70 per share.