Saregama India has announced a robust performance for the quarter ended 31st March 2026, achieving its highest ever quarterly EBITDA of Rs 1,327 million, marking a 31% year-on-year growth. Revenue from operations for the quarter grew by 19%. The company continues to focus on aggressive investment in content and IP, driven by a diversified monetization strategy across its Music, Live Events, and Video segments.
Quarterly Financial Highlights
For the quarter ended March 31, 2026, Saregama reported a revenue from operations of Rs 2,874 million, representing a 19% year-on-year growth. Operational Profit Before Tax (PBT) reached Rs 1,050 million, a significant 37% increase compared to the same period in the previous year. This performance highlights the company’s sustained growth and operational efficiency.
Fiscal Year 2026 Performance
The annual results for FY26 show the company’s music business leading the way, with annual revenue of Rs 8,144 million, a 17% year-on-year growth. Music EBITDA reached Rs 5,167 million with a 22% growth, while net margins improved by 28%. The company achieved this through a record-breaking combined investment in new music (Rs 2,354 million) and catalogue acquisitions (Rs 1,047 million).
Strategic Growth in Digital and Live Segments
Saregama has significantly strengthened its digital footprint, reaching over 650 million followers and subscribers. The company also expanded its roster, adding 33 new artistes in the final quarter, bringing the total to over 300 artistes. The Live Events segment continues to diversify, with the successful launch of the 2-day multi-genre festival ‘UN40’ in Bengaluru, which saw over 12,000 attendees.
Future Outlook and Strategic Investments
Looking ahead, the company aims for a music revenue growth of 20-23% annually, with net margins expected to improve by 3-5%. Strategic investments remain central to this goal, including a significant minority stake in Bhansali Productions to secure exclusive access to marquee music IP. By leveraging generative AI to reduce content production costs by approximately 70% and increasing execution speed by up to 80%, Saregama is well-positioned to maintain its leadership in India’s entertainment landscape.
Source: BSE
