| 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
- ₹496.90
- Market cap
- ₹9,581 Cr
- Revenue (annual)
- ₹984.6 Cr
- Net profit (annual)
- ₹207.1 Cr
- P/E (TTM)
- 43.4×Sector 27.7×
- Promoter holding
- 60.84%+0.00% QoQ
- FII holding
- 11.50%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Saregama India Ltd
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Saregama India Ltd reported revenue from operations of ₹263.6 Cr (+27.5% YoY) and net profit of ₹51.9 Cr (+42.2% YoY) for Q1 FY27.
- Key figure
- Net profit ₹51.9 Cr · +42.2% YoY
Saregama India Investor Presentation: Key Takeaways
Saregama reports record FY26 Adjusted EBITDA of ₹4,047Mn with a 41% margin, driven by its 180,000+ song IP library and digital monetization strategy.
- Call
- Guides 22% growth
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.
Saregama India Q4 FY26 Results: Net Profit ₹74.1 Cr, Up 23.7% YoY
Saregama India Ltd reported revenue from operations of ₹287.4 Cr (+19.4% YoY) and net profit of ₹74.1 Cr (+23.7% YoY) for Q4 FY26.
- Key figure
- Net profit ₹74.1 Cr · +23.7% YoY