Q2 2025 Saregama India Ltd Earnings Call Transcript
Key Points
- Saregama India Ltd (BOM:532163) reported a 40% increase in operating revenue compared to the same quarter last year, reaching 242 crore.
- The video segment experienced significant growth, with revenues increasing from 15 crore to 72 crore, despite a reduction in capital allocation.
- The music business, including music licensing and artist management, saw a 22% increase in revenue, aligning with the company's annual guidance.
- Saregama India Ltd became the number one in Hindi music for the first time, with two albums topping various charts, including Spotify and YouTube.
- The company is strategically investing in new content, with a focus on future-proofing and maintaining leadership in the music industry.
- The PBT (Profit Before Tax) decreased year-on-year due to increased investment in new content, impacting short-term profitability.
- The retail business, particularly the Carvaan segment, saw a 40% decline as part of a strategic decision to scale down.
- There is pressure on the digital series licensing business due to ongoing mergers in the industry, which may continue for a few more quarters.
- The live events business, while high in revenue, operates on low margins, which could affect overall profitability.
- The company is in a transitional phase with high content expenses, leading to slower EBITDA growth compared to revenue growth.
Ladies and gentlemen, welcome to the Q2 FY25 result conference call of Saregama India Limited hosted by MK Global Financial Services. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation. Should you need assistance during the conference call, please? On an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Mr Pulkit Chawla and from MK Global Financial Services. Thank you and over to you, sir.
Thank you. Good afternoon, everyone and welcome to the Q2 F I 25 earnings call for Sarika India Limited from the management we have with us today, Mr Vikram Mera, managing director, Mr Panka Chavi, the CFO Mr Saket SA Group head Investor relations and EHC reporting and Mr Bachke Vice President Investor relations. Without any further delay, I shall now hand over the manage call to the management for their opening
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