Saregama India Limited reported a consolidated net profit of ₹519 million for the quarter ended June 30, 2026 (Q1FY27), marking a 42% year-on-year increase from ₹365 million in Q1FY26. Consolidated revenue from operations rose 27% year-on-year to ₹2,636 million, outpacing the company's FY27 guidance. The strong financial performance was primarily driven by the Music segment, which saw a 39% YoY growth in revenue to ₹2,306 million, alongside significant expansion in Live Events. The results were approved by the Board of Directors on August 4, 2026, and reviewed by statutory auditors B S R & Co. LLP.

The Board meeting authorized Managing Director Vikram Mehra, Chief Financial Officer Abhishek Kapoor, and Company Secretary Nayan Kumar Misra to determine materiality of events for disclosure purposes pursuant to Regulation 30(5) of the SEBI Listing Regulations. The unaudited financial results were prepared in accordance with Ind AS 34.

Consolidated Financial Highlights

The following table summarizes the key consolidated financial metrics for the quarter:

Standalone net profit stood at ₹5,260 lakhs in the previous reporting period context, but consolidated PAT margin improved to 20% from 18% year-on-year. Other income decreased significantly to ₹42 million from ₹142 million in the prior year period.

Segment Performance

The Music segment remains the primary revenue driver, accounting for approximately 83% of total business mix as per FY26 data, contributing ₹2,131 million from Licensing and Artist Management and ₹175 million from Retail. Live Events showed substantial growth, with revenue rising 214% to ₹160 million, driven by concerts, devotional shows, and stand-up comedy. In contrast, the Video segment saw a decline in revenue to ₹170 million from ₹357 million year-on-year, as the company pivots away from own film production.

The following table provides a snapshot of segment-wise revenue performance:

Key Analytical Observations

A notable analytical observation is the divergence between operating profitability and comprehensive income due to non-cash valuation adjustments. While the company reported a solid profit before tax of ₹705 million, total comprehensive income was boosted by asset revaluations. Additionally, the group absorbed a share of net loss of ₹12 million from its associate, Bhansali Productions Private Limited, contrasting with a profit share in previous periods.

Operational highlights include the release of 750+ tracks generating 250 million+ streams and views across Spotify and YouTube. The company added 33 artistes in Q1FY27, taking the total roster to 309 artistes with an aggregate digital reach of over 440 million. YouTube subscribers grew to 211 million, up from 160 million in Q1FY26.

Saregama India Limited has issued a revised invitation for its Q1FY27 earnings conference call scheduled for Tuesday, August 4, 2026, at 3:00 PM IST, correcting a technical error that previously blocked investor access. The company notified the National Stock Exchange of India Limited and BSE Limited on July 29, 2026, that the link provided in its earlier intimation on July 28, 2026, was inaccessible due to a technical glitch. This update ensures stakeholders can register and join the session to discuss the company’s financial and operational performance for the quarter. The correction is critical for maintaining transparency and allowing investors timely access to management insights following the release of quarterly results.

The conference call is being conducted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Saregama India Limited confirmed that all other details from the original intimation remain unchanged, with only the functional registration link updated. The revised invite has been uploaded to the company’s website and submitted to both exchanges for record.

Key Participants

Senior leadership will address queries during the session. The key participants include:

Dial-in Details

Emkay Global Financial Services Ltd is facilitating the conference call infrastructure. Participants can join via universal access numbers or international toll-free lines. Pre-registration is recommended to avoid wait times.

Universal Access: +91 22 6280 1325 / +91 22 7115 8226

For further assistance, Pranav Kshatriya from Emkay Global Financial Services Ltd can be contacted at +91 22 6612 1350 or via email at pranav.kshatriya@emkayglobal.com .