Saregama FY26 corporate presentation: growth outlook and IP strategy

Saregama filed its corporate presentation covering FY26 results and a 3-5 year outlook. FY26 revenue from operations stood at ₹9,846 Mn (down 16% YoY due to one-off Diljit Dosanjh live events base in FY25). Adjusted EBITDA hit ₹4,047 Mn at 41% margin, up 13% YoY. PAT was ₹2,062 Mn with EPS of ₹10.73. The company targets 20-23% annual music revenue growth and 3-5% net margin improvement. Strategy centres on owning 1,80,000+ songs, capturing 25-30% of new Indian music, and building a 650 Mn+ digital audience. Net debt is zero.