Saregama has announced robust financial results for the quarter and year ended March 31, 2026. The company achieved its highest-ever quarterly EBITDA of Rs. 1,327 million, representing a 31% year-on-year growth. Revenue from operations for the quarter grew by 19%. For the full fiscal year, the company demonstrated solid performance in its music segment, while actively diversifying into new live event IPs and strategic investments to secure future content pipelines.
Quarterly Financial Performance
The company delivered a strong financial performance in Q4 FY26, marked by a record quarterly EBITDA of Rs. 1,327 million. This performance reflects a 31% growth compared to the same period in the previous year. Operational PBT reached Rs. 1,050 million, demonstrating a 37% year-on-year increase, while quarterly revenue from operations grew by 19%.
Music Segment and Content Investments
The music segment remains a core driver, with annual revenue of Rs. 8,144 million, reflecting a 17% year-on-year growth. The annual EBITDA for this segment reached Rs. 5,167 million, up 22%. A significant strategic move was the record-high combined investment of Rs. 3,358 million in new music and catalogue purchases during the year, ensuring a long-term content moat. The company also added 33 new artistes in the final quarter, bringing the total roster to over 300 artistes with a massive digital reach of 410 million.
Live Events and Strategic Video Initiatives
The Live Events portfolio saw diversification with the successful launch of the UN40 music festival, which attracted 12,000+ attendees over two days. While annual live event revenue saw a decline compared to the previous year—primarily due to a one-off impact from a major tour in FY25—the segment continues to scale through comedy and devotional verticals.
In the video segment, the company is executing a strategic pivot by scaling down its internal film production business and investing in Bhansali Productions. This partnership grants the company exclusive access to high-quality Hindi film music, effectively securing its content pipeline for the future. Additionally, the company is leveraging Generative AI to enhance video content creation, reporting ~70% cost savings and up to 80% faster execution in its processes.
Source: BSE
