ENTERTAIN NET. IND. LTD.

Operates the Radio Mirchi FM radio network across India alongside the Gaana music streaming platform and an events and experiential marketing business. Consolidated FY26 revenue was ₹565 crore, up 3.9% year-on-year, with domestic revenue at ₹548 crore. Radio volume market share held steady despite macroeconomic and geopolitical pressure on ad markets in Q4. The digital (Gaana) business has become the primary growth engine, with non-FCT events revenue also contributing meaningfully to the top line. Subscription pricing on Gaana was raised, with management targeting FY27 breakeven. Other operating expenses, employee costs and depreciation are the main cost lines, while royalty payments run at 60-70% of digital revenue.