Saregama India Ltd (NSE:SAREGAMA)

Q1 2026 Saregama India Ltd Earnings Call Transcript

Aug 1, 2025 / 06:00 AM GMT

Release Date Price: ₹473.55 (-2.02%)

Transcript

Key Points

Positve

Saregama India Ltd (BOM:532163) reported a 12% year-on-year growth in its music segment, with expectations of achieving 22-23% annual growth in the medium term.
The company successfully released over 1,000 original and premium recreations across multiple languages, strengthening its music catalog.
Saregama acquired the popular Haryanvi music catalog under Nav Records, enhancing its regional music offerings and YouTube presence.
The company is focusing on artist management, adding 25 new influencers and artists, bringing the total to over 230, with a combined follower base of 200 million on Instagram and YouTube.
Saregama is maintaining a strong financial position with a 32-33% EBITDA guidance and plans to invest aggressively in new music content to ensure long-term growth.

Negative

The quarter faced challenges due to the postponement of several major movie releases, impacting revenue.
There was pressure on YouTube advertising revenue due to temporary stoppages during geopolitical tensions, affecting monetization.
The video segment incurred a small loss due to limited releases, and the company remains cautious with its investments in this area.
Working capital increased significantly, with inventory and receivables rising, which the company attributes to temporary factors.
The transition from free to paid subscriptions in the music streaming industry is slower than anticipated, affecting revenue growth.

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

SARE.NS - Saregama India Ltd
Q1 2026 Saregama India Ltd Earnings Call
Aug 01, 2025 / 06:00AM 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 Saregama India Limited. Q1 and FY26 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. Pranohatriya from MK Global Financial Services Limited.

Thank you and over to you, sir.

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