| Revenue growth | 37% YoY; Music +35%, Live Events +101%. |
|---|---|
| Margins | Adj. EBITDA margin 38% vs 43% Q1, 37% Q2 FY26; Music EBITDA margin ~61%. |
| Demand visibility | H1 new content spend INR 1,850 Mn; 650+ releases in Q2. |
Growth
Music revenue INR 2,513 Mn (+35%); Music EBITDA INR 1,540 Mn (+37%); Live Events INR 447 Mn (+101%); Video INR 183 Mn (-16%).
Outlook
No quantified guidance. Highlights Carvaan 3.0, vinyl scale-up, Sun TV and Doordarshan shows, and Bhansali Productions investment.
Risks
Adj. EBITDA margin 38% vs 43% in Q1 FY27; Video declining; Live Events lumpy; other income down 55% YoY.
Last quarter's promises, checked
Delivered
- Music rev +20-23% FY guide → Q2 +35% (= BEAT; qtr only, FY pending)
Partly delivered
- Music EBITDA margin 60-65% annual → Q2 ~61% (= PARTIAL; in range, FY pending)
- Content spend INR 300-350 Cr FY → H1 INR 1,850 Mn (= PARTIAL; H1 only)
- Films wind-down over 3-4 qtrs → Q2 video INR 183 Mn, -16% YoY but up from ~INR 17 Cr in Q1 (= PARTIAL)
Investor Presentation filed with NSE, NSE: SAREGAMA. Summary written with AI assistance from the document.
Saregama India Ltd: key numbers
- Share price
- ₹643.50
- Market cap
- ₹12,407 Cr
- Revenue (annual)
- ₹984.6 Cr
- Net profit (annual)
- ₹207.1 Cr
- P/E (TTM)
- 51.4×Sector 27.7×
- Promoter holding
- 60.84%+0.00% QoQ
- FII holding
- 11.88%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Saregama India Ltd
All →Saregama India Merger & Restructuring
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Saregama India Earnings Call Transcript: Key Takeaways
Q2 revenue ₹314 Cr (+37%) and adj. EBITDA ₹118 Cr (+39%), helped by a low base and upfront recognition of old-film licensing. Management pushes a rolling-12-month view.
- Call
- Guides 20% growth
Saregama India Q2 FY27 Results: Net Profit ₹64.2 Cr, Up 46.6% YoY
Saregama India Ltd reported revenue from operations of ₹314.3 Cr (+36.7% YoY) and net profit of ₹64.2 Cr (+46.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹64.2 Cr · +46.6% YoY
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Saregama India Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026. This disclosure reports the current stake distribution among its shareholders.
Saregama India Employee Stock Options
Saregama India approved the grant of 10,50,000 employee stock options to an eligible employee at an exercise price of Rs. 496.70 per share.
Saregama India Annual General Meeting
Saregama India held its 79th AGM on September 15, 2026, via video conferencing. The meeting covered routine business, including the adoption of financial statements and audit resolutions.