Saregama India Limited has informed the Exchange regarding a press release dated July 31, 2025, titled "Press Release for Q1 FY 26".
SAREGAMA · price
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Awaiting price reaction for this filing.
Saregama India reported Q1 FY26 results with total revenue of Rs. 2,210 Mn and Revenue from Operations at Rs. 2,068 Mn, up 1% YoY but down 14% QoQ. Adjusted EBITDA stood at Rs. 664 Mn with a 32% margin, PBT was Rs. 511 Mn, and PAT came in at Rs. 365 Mn, with diluted EPS of Rs. 1.90. On the operational side, the company released 1000+ film and non-film tracks across multiple languages, acquired Haryanvi music catalogue Nav Records (6,500+ tracks, 24 Mn+ subscribers), and added 25+ influencers, taking the total talent base to 230+ with 200 Mn+ followers. Digital footprint reached 400 Mn+ across platforms, and the CAP-MANIA Tour 2025 with Himesh Reshammiya was launched. Management highlighted balanced investment and profitability despite industry headwinds.
Numbers are largely flat YoY with margins holding at 32%, but the sharp QoQ decline in revenue (-14%) and EBITDA (-35%) signals sequential pressure, mainly from the Retail and Video segments. The Nav Records acquisition and strong music releases provide growth visibility, but near-term sentiment may be cautious given the weak sequential print.