Saregama India announced its Q3FY26 financial results, reporting revenue from operations of ₹260.4 crores with a quarterly growth of 13% and demonstrating strategic expansion through key partnerships and content investments. The entertainment and media company showcased mixed performance across business segments while maintaining strong operational efficiency.

Financial Performance Overview

The company's consolidated results for Q3FY26 showed revenue from operations at ₹260.4 crores compared to ₹230.0 crores in Q2FY26, recording a 13% quarter-on-quarter growth. Net profit stood at ₹51.2 crores with adjusted EBITDA reaching ₹121.0 crores, reflecting robust operational performance. The operational PBT (excluding exceptional items) for Q3FY26 was ₹76.5 crores, recording a growth of 27%.

Segment-wise Business Performance

The Music Licensing and Artist Management segment generated ₹203.8 crores in revenue, marking a 23% quarter-on-quarter growth and 29% year-on-year growth. The Events segment contributed ₹22.2 crores, remaining flat compared to the previous quarter. Excluding revenue from Live Events in Q3FY25, Saregama delivered robust year-on-year growth, with revenue up 16% and Adjusted EBITDA rising 43%.

Strategic Investment and Content Expansion

Saregama made a strategic investment in Bhansali Productions through significant minority ownership, with valuation linked to financial performance over the next three years. This arrangement provides exclusive access to marquee Hindi film music at predictable costs based on a predefined formula, while maintaining full creative control with Sanjay Leela Bhansali and financial oversight with Saregama.

The company released over 1,100 film and non-film tracks during the quarter spanning Hindi, Bhojpuri, Punjabi, Tamil, Telugu, Malayalam, Kannada, and Rajasthani languages. Major releases included blockbuster Hindi film album "Dhurandhar" starring Ranveer Singh and "Tu Meri Main Tera Main Tera Tu Meri" starring Kartik Aaryan.

Digital Expansion and Artist Management

Saregama's digital footprint reached 550 million followers and subscribers across YouTube, Instagram, and Facebook platforms. The company added 60 artists during the quarter, bringing the total roster to 270+ artists with an aggregate digital reach of over 300 million following the acquisition of Finnet by subsidiary Pocket Aces.

Live Events and Brand Collaborations

The Events business scaled up with successful music tours by Diljit Dosanjh and Himesh Reshammiya, alongside growing traction in the comedy vertical featuring Viraj Ghelani, Aanchal Agrawal, and Manhar Seth. During the quarter, Saregama collaborated with marquee brands such as Hero, Open AI, Fogg, Carat Lane, Gujarat Tourism, and Maybelline for high-impact integrated campaigns.

Vice Chairperson Avarna Jain commented that Q3FY26 was a strong quarter reflecting consistent execution across businesses, with recent developments including new partnerships and projects reinforcing confidence in healthy growth runway supported by disciplined investments and portfolio diversification.

Source:

Saregama India Limited has successfully completed its acquisition of securities in Bhansali Productions Private Limited (BPPL) for INR 325 crores on January 30, 2026. The transaction represents a significant strategic move by the entertainment company to expand its content portfolio through this substantial investment.

Transaction Details

The acquisition was executed through subscription of compulsory convertible preference shares (CCPS) in BPPL. The company informed stock exchanges that it has completed the subscription process as per the terms outlined in the Investment Agreement executed on December 16, 2025.

Investment Agreement Framework

The transaction is based on an Investment Agreement executed among three parties: Saregama India Limited, Bhansali Productions Private Limited, and Sanjay Navin Bhansali. The agreement was initially announced to stock exchanges on December 16, 2025, providing the framework for this acquisition.

The compulsory convertible preference shares structure allows Saregama to participate in BPPL's growth while maintaining specific conversion terms as outlined in the original agreement. The company has maintained transparency throughout the process by keeping investors informed about each stage of the transaction.

Regulatory Compliance

Saregama India Limited has ensured full compliance with regulatory requirements for this acquisition. The company has fulfilled all obligations under:

• Regulation 30 of SEBI Listing Regulations
• Schedule III Part A Para A (1) of SEBI Listing Regulations
• SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

All required details and documentation were submitted to stock exchanges as part of the initial intimation on December 16, 2025. The company has maintained its commitment to regulatory transparency and investor communication throughout the acquisition process.

Strategic Implications

This acquisition marks a significant investment by Saregama India Limited in content production capabilities. The INR 325 crore investment in Bhansali Productions Private Limited demonstrates the company's commitment to expanding its entertainment content portfolio and strengthening its position in the media and entertainment sector.

The completion of this transaction positions Saregama to leverage BPPL's production capabilities while maintaining its focus on content creation and distribution. The company has made this information available on its official website at www.saregama.com for stakeholder reference.