Saregama India Limited announced its audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2026, as approved by the Board of Directors at its meeting held on 14 May 2026. The company delivered its highest ever quarterly Adjusted EBITDA of Rs 1,327 Mn in Q4 FY26, recording a year-on-year growth of 31%, while quarterly Revenue from Operations grew 19% to Rs 2,874 Mn. Vice Chairperson Avarna Jain described it as "another path breaking year for Saregama with highest ever EBITDA, driven by clear strategy of aggressive investments and diversification of IP monetization." The statutory auditors, M/s. B S R & Co. LLP, issued an unmodified audit opinion on both the standalone and consolidated financial results for the year ended 31 March 2026. In compliance with Regulations 30 and 47 read with Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the financial results in all editions of Financial Express (English) and Aajkaal (Bengali) on 15 May 2026.

Q4 Consolidated Financial Performance

On a consolidated basis, Saregama reported robust operational metrics for the quarter. The Adjusted EBITDA margin expanded to 46% from 42% in Q4 FY25, while Operational Profit Before Tax (PBT) reached Rs 1,050 Mn, a 37% YoY increase. Consolidated net profit for the quarter rose to Rs 741 Mn compared with Rs 599 Mn year-on-year, translating to a Diluted EPS of Rs 3.86.

The following table summarises the Q4 consolidated operational performance:

FY26 Full-Year Financial Performance

For the full financial year FY26, Saregama reported revenue from operations of Rs 9,846 Mn, with Adjusted EBITDA of Rs 4,047 Mn (up 13% YoY) and PAT of Rs 2,062 Mn (up 1% YoY). The Music segment, comprising Licensing, Artiste Management, and Retail, was the primary growth driver with annual revenue of Rs 8,144 Mn, registering 17% YoY growth. Music annual EBITDA stood at Rs 5,167 Mn, a 22% YoY increase, while the annual Net Margin reached Rs 3,768 Mn, growing 28% YoY. The company's combined investment in New Music (Rs 2,354 Mn) and Catalogue Purchase (Rs 1,047 Mn) was the highest ever recorded.

The following table provides a full-year performance overview:

Segment-Wise Performance

The Live Events segment reported annual revenue of Rs 618 Mn, a de-growth of 78%, primarily due to the absence of revenue from Diljit Dosanjh's India tour in FY25. Key Live Events highlights included the CAP-MANIA Tour with Himesh Reshammiya across Mumbai, Delhi, Ahmedabad, Pune, and Dubai, and the Aura Tour by Diljit Dosanjh staged in Malaysia, Hong Kong, Australia, and New Zealand. The company also launched its first Music Festival IP, "UN40", a 2-day multi-genre festival held in Bengaluru in March 2026, attracting 12,000+ attendees across 25+ artists including Talwiinder, Himesh Reshammiya, Aditya Rikhari, Paradox, and Thaikkudam Bridge. The Video segment revenue stood at Rs 1,084 Mn, as the company consciously scaled down its Films Production business and invested in Bhansali Productions instead. The TV show "Sevanthi" crossed the 2,150+ episode mark as a slot leader on Udaya TV, and the Saregama Dice TV Shows (Tamil) YouTube channel garnered 405 Mn+ views in Q4 FY26.

Balance Sheet and Cash Flow

Saregama's consolidated balance sheet as at 31 March 2026 reflected a net worth of Rs 16,927 Mn compared to Rs 15,834 Mn as at 31 March 2025. Total assets stood at Rs 23,220 Mn versus Rs 20,952 Mn in the prior year. Key balance sheet metrics are presented below:

On the cash flow front, net cash generated from operating activities for FY26 stood at Rs 806 Mn compared to Rs 3,854 Mn in FY25. The company spent Rs 1,864 Mn on new content and Rs 3,358 Mn on consideration paid for acquisitions during the year. Dividend paid during FY26 amounted to Rs 868 Mn.

Operational and Strategic Highlights

During Q4 FY26, Saregama added 33 artistes, taking its total roster to 300+ artistes with an aggregate digital reach of over 410 million. The company's digital footprint across owned and controlled channels touched 650 Mn+ followers and subscribers across YouTube, Instagram, and Facebook. Key music releases included the Telugu film song "Aaya Sher", the Tamil film album "Parasakthi", the Hindi film album "Do Deewane Seher Mein" starring Mrunal Thakur, and non-film releases such as "Chura Liya" by Sanam and "Lahanga Jhalkauwa" by Nitesh Rana. The company released 1,200+ film and non-film tracks spanning Hindi, Bhojpuri, Punjabi, Tamil, Telugu, Malayalam, Kannada, and other languages. Saregama also collaborated with marquee brands such as Open AI, Skoda, Lakme, Ajio, and The Coca Cola Company for integrated campaigns. The company is leveraging Generative AI to transform video content creation, targeting up to ~70% cost savings and ~80% faster execution.

Board Meeting and Corporate Governance

The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on 14 May 2026, which commenced at 11:00 A.M. and concluded at 12:45 P.M. The Board also authorised Key Managerial Personnel — Managing Director Vikram Mehra and Company Secretary Nayan Kumar Misra — to determine materiality of events or information for disclosure purposes under Regulation 30(5) of the SEBI Listing Regulations. Additionally, the Board approved an updated Insider Trading Prohibition Code pursuant to the applicable provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The newspaper publication intimation was submitted to the stock exchanges by Company Secretary and Compliance Officer Nayan Kumar Misra on 15 May 2026.

Saregama India Limited has released the audio recording of its analyst and investor conference call held on Thursday, 14th May, 2026. The call was convened to discuss the company's financial and operational performance for the quarter and financial year ended on 31st March, 2026. The disclosure was made pursuant to Regulation 30 and Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The event was hosted by Emkay Global Financial Services Ltd via its Emkay Connect platform. The session featured key management personnel including Vikram Mehra, Managing Director, and Pankaj Kedia, Executive Director, Investor Relations.

Access Information

The audio link for the conference call is now available on the company's official website. Stakeholders can access the recording to review the management's commentary on the quarterly results.

The intimation regarding the availability of the audio link was signed by Nayan Kumar Misra, Company Secretary and Compliance Officer (Membership No: A26243), on behalf of Saregama India Limited.