Saregama India reported strong Q1 FY27 results with revenue growing 27% year-on-year to ₹263.6 crores. Adjusted EBITDA saw a significant 69% increase. The music vertical was a key performer, growing 39% year-on-year. The company highlighted strategic progress in AI initiatives, brand partnerships, and live events, while also outlining plans for continued investment in new music content and potential expansion in subscription services.
Saregama India Reports Robust Q1 FY27 Performance
Saregama India Limited announced its financial results for the first quarter of FY27, showcasing substantial growth across key metrics. The company posted revenue from operations of ₹263.6 crores, marking a significant year-on-year increase of 27%. Adjusted EBITDA demonstrated an impressive 69% growth, reaching ₹112.4 crores, while operational Profit Before Tax (PBT) grew by 38% to ₹70.5 crores.
Music Vertical Continues Strong Momentum
The core music vertical, encompassing Licensing, Artiste Management, and Retail, recorded revenues of ₹230.6 crores, a substantial 39% increase year-on-year. Quarterly EBITDA for this segment grew 36%, with a net margin of ₹99.6 crores, up 31%. The company reaffirmed its full-year guidance for the music vertical to grow between 20% to 23% year-on-year.
Strategic Initiatives and Future Outlook
Saregama highlighted its strategic focus on leveraging new-age IP and a significant investment in new music content, expected to be between ₹300 to ₹350 crores this financial year. The company is actively exploring AI-driven content creation and process optimization. Investments in the brand partnership vertical and Live Events are also contributing to revenue diversification. Saregama sees substantial opportunity in India’s underpenetrated music market, particularly in subscription services, with a target of reaching 100 million paid subscribers.
The video vertical saw a planned revenue decline of 52% as the company consciously winds down its films business, redirecting focus through the Bhansali Productions channel. Saregama continues to expand its content offerings, including short-form content and live events, positioning itself for sustained growth driven by rising digital consumption.
Source: BSE
