Saregama India Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Saregama reported Q2FY26 operating revenue of INR 230 Cr and PBT of INR 60 Cr. Music segment grew ~12% YoY, while Video saw degrowth due to fewer releases, expected to stabilize by year-end. Management reiterates FY26 music growth outlook of 19-20% and FY24-FY27 consolidated revenue (ex-Carvaan) growth of 30%, with adjusted EBITDA guidance of 32-33%.

Key initiatives include using Generative AI for creating new videos for older music, strengthening the Artiste Management vertical, and building a new Brand Sponsorships division. The company expects significant upside from music streaming platforms pushing for subscriptions, aligning with global trends. Management expressed confidence in long-term growth driven by digital consumption and strategic investments.