Saregama Reports 9% YoY Growth In Q1 FY25 Financial Results

Saregama, a company of the RPSG Group, has announced its financial results for the quarter ended June 30, 2024. The company reported an adjusted EBITDA of Rs.680 million in Q1FY25, up 9% from Rs.623 million in Q1FY24. The profit before tax stood at Rs.507 million, driven by increased content investments.

Key Operational Highlights:

This quarter saw the release of several chart-topping songs and albums:

• "Tauba Tauba" from the movie "Bad Newz" dominated charts on platforms like Spotify, YouTube, Wynk, and various radio stations.
• "Kalki 2898 AD", starring Prabhas, Amitabh Bachchan, and Deepika Padukone, was another significant release.
• "Mandakini" featured the hit song "Vatteppam," which topped Malayalam charts.
• Badshah's "Disco" from the Punjabi movie "Shinda Shinda No Papa" was another highlight.
• Non-film releases included Raftaar's "Morni" (Hindi), Neel Kamal Singh's "Kaala Chasma Laga Lijiye" (Bhojpuri), Kajal Maheriya's "Piyu Maano Maru" (Gujarati), and Swati Mishra's devotional song "Suno Krishna Pyaare".

In total, the company released over 330 originals and premium recreations across multiple languages, including Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi, and Bengali. Additionally, more than 900 derivatives such as LoFi, Trap Mix, Cover, and Acoustic versions were released, contributing to the popularity and growth of Saregama's catalog.

Saregama's music was featured in several notable projects:

• "Citadel Season 2" on Amazon Prime.
• Dharma Productions' "Sunny Sanskari ki Tulsi Kumari" (Hindi).
• "Chandramukhi-2" and "Thiruchitrambalam" (Tamil).
• "Permalu" (Malayalam).
• "The Family Star" and "Toofan" (Telugu).

Additionally, Saregama's tracks were used in ad films by major brands such as HUL, Dabur, Aditya Birla Group, and Sabyasachi.

The company also launched its third Saregama Talent, Arjun Tanwar, with the release of his song "Banjaare". During the quarter, over 30 influencers and artists were added to Saregama's roster, bringing the total to over 150, with more than 100 million followers and subscribers across Instagram and YouTube.

Yoodlee Films and Live Events:

• Yoodlee Films released two Punjabi movies: Gippy Grewal's "Shinda Shinda No Papa" and the sequel "Ni Main Sass Kuttni", both of which received positive audience responses.
• Saregama Live launched the “Dil Luminati” tour featuring Diljit Dosanjh, with 11 concerts held across the USA and Canada in Q1FY25.
• The live comedy show “That’s So Viraj- With Friends” was launched, featuring Clout exclusive artist Viraj Ghelani.

Saregama's digital footprint expanded significantly, with followers and subscribers across its owned and controlled channels on YouTube, Instagram, and Facebook reaching 262 million.

Avarna Jain, Vice Chairperson of Saregama India, commented, “FY25 has begun on a strong note with our new music releases topping charts across different platforms and Punjabi films also getting an excellent response from viewers. Diversification also gained momentum with successful live events and the launch of our third Saregama talent. We have another exciting fiscal year ahead and expect the company to reach new heights.”

Saregama's robust performance in Q1FY25 highlights its continued growth and diversification across the music and entertainment industry. With a strong pipeline of new releases and strategic initiatives, the company is well-positioned for sustained success in the coming fiscal year.