Saregama India Shares Jump 18% After Strong Q4 Earnings Beat
In Q4 FY26, consolidated net profit rose 23.9% year-on-year to Rs 74.14 crore, while revenue increased 19.4% to Rs 287.44 crore
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Saregama India’s shares surged 18.40% to Rs 396.70 on Thursday after the company reported a strong quarterly performance, driven by robust music monetisation, artist-management growth, and record EBITDA.
Earnings Beat Expectations
In Q4 FY26, consolidated net profit rose 23.9% year-on-year to Rs 74.14 crore, while revenue increased 19.4% to Rs 287.44 crore. EBITDA jumped 50.6% to ?120.95 crore, with margins expanding to 42.08% from 33.35% last year. The company called this its “highest ever quarterly EBITDA,” with adjusted EBITDA at Rs 132.7 crore and operational PBT at Rs 105 crore.
Music Business Leads the Surge
The music segment remained the key driver, generating Rs 200.43 crore in quarterly revenue. Annual music revenue rose 17% to Rs 814.4 crore, music EBITDA grew 22% to Rs 516.7 crore, and net margin increased 28% to Rs 376.8 crore. Growth was fueled by fresh releases, stronger licensing, and a wider digital footprint.
Artist Management and IP Investments Boost Profits
Revenue from artist management more than doubled to Rs 42.46 crore, with 33 new artistes added in Q4, taking the roster past 300. Saregama’s digital reach exceeded 410 million, with an owned-and-controlled footprint of over 650 million followers and subscribers.
The company also invested heavily in new music and catalogue acquisitions, the highest ever in a single quarter and expanded its content platform via acquisitions like Pocket Aces, Finnet Media, and investments in Bhansali Productions.
Other Segments and Strategic Outlook
Video revenue was weaker year-on-year, and events remained volatile, posting a quarterly loss. Despite this, the strong performance of the music segment drove the market reaction.
“Another path-breaking year for Saregama with highest ever EBITDA, driven by aggressive investments and diversification of IP monetization,” said Avarna Jain, Vice Chairperson, Saregama India.
The share rally reflected earnings beat, margin expansion, and confidence in Saregama’s IP-led growth strategy, signaling that the company’s model is compounding rather than peaking. Management emphasized a balanced outlook toward investment and profitability, reinforcing the long-term growth narrative.