Shemaroo Entertainment released its earnings conference call transcript for Q3FY26, revealing mixed performance amid ongoing market challenges. The company reported revenue of ₹161 crores for the quarter with significant losses, while digital segments showed promising growth trends.

Financial Performance Overview

The company's financial results for Q3FY26 reflected the challenging market environment. Revenue from operations declined marginally by 2% year-on-year, while the company reported substantial losses due to ongoing inventory charge-offs.

For the nine-month period, revenue from operations stood at ₹444 crores, declining 8% year-on-year, with EBITDA loss of ₹178 crores and net loss of ₹147 crores.

Strategic Inventory Management

CEO Hiren Gada highlighted the company's strategic inventory reduction initiative, now in its eighth quarter. The inventory has been reduced from ₹727 crores in December 2023 to ₹417 crores in the current quarter. New initiatives expenses for Q3FY26 amounted to ₹34 crores, and adjusting for this investment, the EBITDA loss from existing operations would have been ₹33 crores.

Digital Business Growth

Despite traditional media challenges, the digital segment demonstrated robust performance. Digital media revenues grew 14% year-on-year to ₹81 crores in Q3FY26. The company's YouTube presence continued expanding, with Shemaroo Film Gaane surpassing 74 million subscribers and Shemaroo Entertainment crossing 61 million subscribers. The entire portfolio garnered over 9.5 billion views during the quarter.

Market Challenges and Outlook

COO Arghya Chakravarty noted that traditional businesses faced pressure from the re-entry of major broadcasters on free-dish, packed sports calendar, and continued FMCG advertising softness. However, management expressed cautious optimism about FMCG advertising recovery in coming quarters as GST rate cut impacts stabilize.

CFO Amit Haria reported current debt levels at ₹310 crores for nine months FY26, with management expecting stabilization around current levels. The company anticipates the inventory charge-off exercise to conclude by March 2026, positioning for improved operational performance in the next financial year.

Shemaroo Entertainment Limited has announced an earnings conference call to discuss its unaudited financial results for the quarter ended December 31, 2025 (Q3/9M-FY26). The call is scheduled for January 30, 2026, at 12:00 PM IST, in compliance with Regulation 30(6) of SEBI (LODR) Regulations, 2015.

Conference Call Details

The earnings discussion will be conducted by Valorem Advisors and will feature key members of the company's senior management team. Investors and analysts will have the opportunity to engage directly with the leadership regarding the company's third-quarter performance.

Management Participation

The conference call will be represented by three senior executives who will provide insights into the company's quarterly performance and address investor queries.

Access Information

Participants can join the conference call through multiple channels, ensuring broad accessibility for domestic and international investors. The company has provided comprehensive dial-in options to accommodate participants from various regions.

Domestic Access:

• Universal Dial In: +91 22 6280 1341
• Alternative Number: +91 22 7115 8242

International Toll-Free Numbers:

• USA: 1866 746 2133
• UK: 0808 1011 573
• Singapore: 800 101 2045
• Hong Kong: 800 964 448

Digital Participation

In addition to traditional dial-in options, the company has arranged for online participation through a Diamond Pass link hosted by Valorem Advisors. The investor kit and additional resources will be available on the same platform at www.valoremadvisors.com/shemaroo .

The conference call details and related materials will also be accessible on the company's official website at www.shemarooent.com , ensuring transparency and easy access for all stakeholders interested in the company's Q3FY26 financial performance.