| Management target | Revenue 21.5% Next 3-5 years |
|---|
| Margins | Steady-state margins on fully amortized songs rise to ~90%. |
|---|---|
| Order book | FY27 release slate already secured across Hindi and regional languages. |
| Demand visibility | Strong digital demand; YouTube subscribers grew to 206Mn in FY26. |
| Management confidence | High; visibility through secured Bhansali and regional film slates. |
Growth
FY26 revenue reached ₹9,846Mn; Music segment grew 17% YoY. Operational PBT rose to ₹2,926Mn.
Outlook
Guided 20-23% annual music revenue growth and 3-5% net-margin improvement over next 3-5 years.
Risks
Live events business remains lumpy; retail (Carvaan) volumes declining as company shifts to high-margin SKUs.
Last quarter's promises, checked
Delivered
- Guided H2 growth recovery → delivered H2 growth of 26% (= BEAT)
- Guided Pocket Aces breakeven → delivered breakeven in FY26 (= BEAT)
- Guided 20-23% music revenue CAGR → delivered 17% FY26 growth (= BEAT)
Missed
- Guided ₹1,000Mn content spend over 3 years → delivered ₹235Mn FY26 spend (= MISS)
Investor Presentation filed with BSE, NSE: SAREGAMA. Summary written with AI assistance from the document.
Saregama India Ltd: key numbers
- Share price
- ₹503.75
- Market cap
- ₹9,713 Cr
- Revenue (annual)
- ₹984.6 Cr
- Net profit (annual)
- ₹207.1 Cr
- P/E (TTM)
- 44.0×Sector 27.8×
- 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.
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- Call
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