
Saregama Records Highest Quarterly EBITDA of Rs. 1,327 Mn in Q4 FY26, Driven by Strong Revenue Growth
Mumbai, 14 May 2026: Saregama, a company associated with the RPSG Group, has announced its Financial Results for the quarter and Financial Year ended 31 March 2026, reporting a robust performance across several key verticals. The company posted an Adjusted EBITDA of Rs. 1,327 Mn in Q4 FY26, marking a year-over-year (YoY) growth of 31%. Overall Revenue from Operations grew by 19% to reach Rs. 2,874.The quarterly performance saw the operational Profit Before Tax (PBT) grow by 37% to Rs. 1,050 Mn.
Financial Highlights for FY26
The company showcased significant growth in its flagship segments during the financial year:| Segment | Metric | Annual Figure | YoY Growth |
|---|---|---|---|
| Music (Licensing + Artiste Management + Retail) | Revenue | Rs. 8,144 Mn | 17% |
| EBITDA | Rs. 5,167 Mn | 22% | |
| Net Margin | Rs. 3,768 Mn | 28% | |
| Live Events | Revenue | Rs. 618 Mn | (78%) |
| Video (Films + TV + Digital Series + Short format) | Revenue | Rs. 1,084 Mn | (44%) |
The combination investment for the year in New Music and Catalogue Purchase reached a record high, totaling Rs. 3,401 Mn (Rs. 2,354 Mn for New Music and Rs. 1,047 Mn for Catalogue Purchase).
Quarterly Financial Performance Summary
The consolidated financial data reveals strong quarterly growth in key operational metrics:| Particulars (INR Mn) | Q4 FY26 | Q3 FY26 | QoQ Change | Q4 FY25 | YoY Change | FY26 | FY25 | YoY Change |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,874 | 2,604 | 10% | 2,408 | 19% | 9,846 | 11,713 | (16%) |
| • Music: Licensing + Artiste Management | 2,267 | 2,038 | 11% | 1,715 | 32% | 7,449 | 6,104 | 22% |
| • Music: Retail | 162 | 157 | 3% | 154 | 5% | 695 | 837 | (17%) |
| • Video | 322 | 187 | 72% | 491 | (34%) | 1,084 | 1,920 | (44%) |
| • Live Events | 123 | 222 | (45%) | 48 | 157% | 618 | 2,852 | (78%) |
| Adjusted EBITDA | 1,327 | 1,210 | 10% | 1,016 | 31% | 4,047 | 3,566 | 13% |
The Adjusted EBITDA for the quarter was Rs. 1,327 Mn. Operational PBT increased by 37% to Rs. 1,050 Mn in Q4 FY26.
Operational Highlights
In the Music vertical, the company released major content including the Telugu film song 'Aaya Sher' from 'The Paradise', the super hit Tamil album 'Parasakthi', and the Hindi film album 'Do Deewane Seher Mein' starring Mrunal Thakur. Overall, Saregama released over 1,200 films and non-film tracks across Hindi, Bhojpuri, Punjabi, Tamil, Telugu, Malayalam, and Kannada languages.The Live Events business saw expansion, hosting the 2-day multi-genre festival 'UN40' in Bengaluru, which featured over 25 artists, and expanding its devotional presence through concerts featuring Backstage Siblings and Manoj Muntashir. The comedy vertical was also strengthened with shows featuring artists like Viraj Ghelani and Manhar Seth.
The company leveraged its intellectual property (IP) in high-impact campaigns with brands such as Open AI, Skoda, Lakme, and The Coca Cola Company.
Furthermore, Saregama added 33 artistes in Q4 FY26, expanding its total roster to over 300 artistes. Its digital footprint across owned and controlled channels surpassed 650 Mn+ followers and subscribers.
Strategic Focus Areas
The company is actively building its IP pipeline through strategic investments. In the Video segment, the company scaled down its Films Production business and invested in Bhansali Productions, securing a significant minority ownership basis valuation.In Live Events, the portfolio diversified across multiple genres, including the company's first Music Festival IP, UN40, and various devotional concerts. The Live Events sector’s size was noted to be at INR 1,45,000 Mn with a projected 3-year Compound Annual Growth Rate (CAGR) of 11%.
For the Music sector, the company highlighted that its large IP portfolio includes over 180K+ songs, 70+ films, and 55+ digital series. The management noted the increasing potential in India's music subscription penetration, which remains low globally.
The company’s financial position saw total assets stand at 23,220 INR Mn as of 31 March 2026, compared to 20,952 INR Mn in the previous year. Net worth increased to 16,927 INR Mn.
SAREGAMA Stock Price Movement
Shares of Saregama India Limited are surging at 2:27 PM today, rising by 10.60% to reach ₹370.55. This strong movement is driven by robust investor interest, with the stock currently trading on a volume of 20.08 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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