Saregama Reports Strong Q1 FY27 With 39% Music Revenue Growth And Live Events Boom

Saregama India kicked off FY27 with strong growth across its core music and live entertainment businesses, reporting a solid performance for the quarter ended June 30, 2026. The RPSG Group company recorded significant gains in music revenue, rapid expansion in live events, and continued growth in its artiste management business, while advancing its strategic shift in the video segment.

The company's music business generated revenue of Rs 230.6 crore during the quarter, marking a 39% year-on-year increase. Music EBITDA rose 36% to Rs 139.8 crore, while net margin from the segment climbed 31% to Rs 99.6 crore, reflecting the continued strength of its music catalogue, licensing, and digital monetisation.

Live events emerged as Saregama's fastest-growing business, with revenue jumping 214% year-on-year to Rs 16 crore. The growth was driven by an expanding portfolio that included concerts, devotional events, experiential properties, and stand-up comedy shows.

The company's video business reported revenue of Rs 17 crore, reflecting the ongoing transition in its content strategy. Saregama has been reducing in-house film production while increasing its investment in Bhansali Productions.

On the content front, Saregama released more than 750 film and non-film tracks across Hindi, Bhojpuri, Punjabi, Tamil, Telugu, Malayalam, and Kannada during the quarter. These releases collectively generated over 250 million streams and views across Spotify and YouTube.

Key releases included the Hindi film soundtrack Krishnavataram Part 1: The Heart (Hridayam), which featured in Spotify's Weekly Top 200 Albums (India), the Malayalam film album Athiradi, and Marathi non-film single Ved Lavla, featuring managed artiste Neel Salekar.

The company also continued to strengthen its artiste management business, onboarding 33 new artistes during the quarter. Its roster now includes more than 300 artistes, with a combined digital audience exceeding 440 million followers.

Saregama further expanded its live entertainment offerings with performances by personalities such as Jaya Kishori, Manoj Muntashir, Backstage Sibling, and Manhar Seth, reflecting its strategy of diversifying beyond traditional music concerts.

Brand partnerships also grew during the quarter, with collaborations involving Visa, HUL, Myntra, Godrej, and Bharat Matrimony. The company also continued to monetise its catalogue through projects including Cocktail 2, Raakh on Prime Video, and the Gujarati film Laalo.

Saregama's digital footprint continued to expand as well, with its owned and managed channels now reaching more than 680 million followers and subscribers across platforms including YouTube, Instagram, and Facebook.

The company's Q1 FY27 performance highlights its focus on building an integrated entertainment ecosystem, with music, live events, video, and artiste management contributing to a more diversified and scalable business model.