Saregama India Ltd (BOM:532163)

Q3 2026 Saregama India Ltd Earnings Call Transcript

Feb 3, 2026 / 11:30 AM GMT

Release Date Price: ₹327.7 (-0.58%)

Transcript

Key Points

Positve

Saregama India Ltd (BOM:532163) reported a 29% year-on-year growth in its music vertical revenue for the quarter.
The company achieved an 18% growth rate in the music segment on a nine-month basis, aligning with its guidance.
Saregama India Ltd (BOM:532163) made a strategic investment in Bansali Productions, securing exclusive access to marquee Hindi film music.
The use of generative AI video generation tools has significantly reduced time and cost for releasing music videos.
The company continues to expand its artist management vertical, adding 60 new artists this quarter, totaling 270 managed artists.

Negative

The company faced a one-time non-cash exceptional item of 7 crore due to the new labor code, impacting reported PBT.
There is uncertainty in the live events business due to infrastructural challenges in India, affecting profitability.
The winding down of the in-house movie business may impact short-term revenue from the video segment.
The company's guidance for adjusted EBITDA remains at 32-33%, despite achieving a higher percentage this quarter, due to mix stability concerns.
The music business faces challenges in maintaining growth momentum without significant changes in paid subscription adoption in India.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SARE.NS - Saregama India Ltd
Q3 2026 Saregama India Ltd Earnings Call
Feb 03, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Sariamma India Limited's earnings conference call hosted by MK Global Financial Services Limited.

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 concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aryan Tripati, MK Global Financial Services Limited.

Thank you and over to you, sir.

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Unidentified_2 [2]
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