Saregama Posts Strong Q3 As Music Licensing Business Gains Momentum

Saregama India Ltd. posted solid sequential growth in the third quarter of fiscal 2026, driven primarily by its music licensing and artiste management business, according to the company’s latest financial results.

For the quarter ended December 31, 2025, Saregama reported revenue of ?260.4 crore, marking a 13 per cent increase over the ?230 crore recorded in the previous quarter. Profit after tax (PAT) for Q3 FY26 rose 17 per cent quarter-on-quarter to ?51.2 crore, underscoring an upward momentum across key business segments.

The company’s focus on high-margin music licensing and artiste management continued to pay off, with the segment growing 23 per cent quarter-on-quarter and bolstered by a steady release pipeline that spanned languages such as Hindi, Bhojpuri, Punjabi and Tamil. Over the quarter, Saregama released more than 1,100 tracks across multiple formats, reflecting its investment in diversified intellectual property.

Strategic investments also featured prominently in Saregama’s quarterly narrative. During the period, the music label secured a minority stake in Bhansali Productions, granting it exclusive access to high-profile Hindi film music under predictable commercial terms,an arrangement expected to support future licensing revenue.

In addition to core music growth, Saregama expanded its roster by onboarding 60 new artistes through its subsidiary, Pocket Aces, increasing its managed roster to over 270 artists with a combined digital footprint of more than 300 million across key social platforms. The company’s own channels collectively reach an audience of 550 million followers and subscribers.

Adjusted EBITDA remained strong for the quarter, with the company reporting elevated margin performance backed by disciplined cost management and strategic content monetisation. Revenue contributions from live events also scaled up through successful tours and collaborations.

“Q3 FY26 was a strong quarter for the company, reflecting consistent execution across our businesses,” said Avarna Jain, vice-chairperson of Saregama India. “Recent developments, including new partnerships, sign-ups and projects, reinforce our confidence in a healthy growth runway in the near term, supported by our continued focus on disciplined investments and portfolio diversification.”

Saregama’s results highlight the resilience of its core music licensing business, which continues to serve as the primary engine of growth amid changing market dynamics and evolving consumption patterns in the entertainment industry.