Saregama posts highest ever quarterly EBITDA of Rs. 1,327 Mn in Q4 FY26, recording a YoY growth of 31%, with quarterly Revenue from Operations growing at 19%
SAREGAMA · price
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Saregama India reported its highest-ever quarterly EBITDA of Rs. 1,327 Mn in Q4 FY26, up 31% YoY, driven by strong growth in its Music segment. Quarterly revenue from operations grew 19% YoY to Rs. 2,874 Mn. However, full-year FY26 revenue declined 16% to Rs. 9,846 Mn (vs Rs. 11,713 Mn in FY25), primarily due to an 78% drop in Live Events revenue (Rs. 618 Mn vs Rs. 2,852 Mn) as FY25 included the high-revenue Diljit Dosanjh tour, and a 44% decline in Video revenue to Rs. 1,084 Mn. Music segment remained robust with annual revenue of Rs. 8,144 Mn (up 17%) and EBITDA of Rs. 5,167 Mn (up 22%). Q4 EBITDA margin expanded to 46% from 42% a year ago. PAT for Q4 was Rs. 741 Mn, up 24% YoY. The company is investing heavily in content (Rs. 2,354 Mn in new music + Rs. 1,047 Mn in catalogue purchases) and holds strategic stakes in Bhansali Productions and Pocket Aces.
Saregama's strong Q4 driven by Music Licensing and Artiste Management signals a healthy shift toward higher-margin IP-based revenue. The FY26 revenue decline is largely a lapping effect from the prior year's blockbuster live events; the core Music business remains in excellent health. EBITDA margin expansion to 46% is a positive signal for profitability-focused investors.