Saregama Q2 Net Profit: A Slight Decline to Rs 44 Crore
Saregama, a prominent player under the RPSG Group umbrella, reported a 2% year-on-year decline in net profit for Q2, arriving at Rs 44 crore for the quarter ending September.
Financial Highlights
– Revenue from Operations: Decreased by 5%, totaling Rs 230 crore.
– Adjusted EBITDA: Remained stable at Rs 85 crore.
– Interim Dividend: The board declared Rs 4.50 per share, reflecting a 450% payout on the face value of Re. 1 each.
Music Portfolio Expansion
During the quarter, Saregama significantly broadened its music offerings:
– Film Releases:
– Tamil album Idli Kadai featuring Dhanush
– Bengali album Dhumketu
– Malayalam album Sahasam
– Non-Film Music Releases:
– Badshah’s hit Kokaina
– Honey Singh’s Mashooqa
– Tracks Launched: Over 1,500 tracks across nine languages.
Growth in Live Events and Collaborations
– Increased engagement in live events, featuring:
– Diljit Dosanjh’s Aura Tour
– Second edition of Disco Dancer in Dubai
– Strategic partnerships with leading brands:
– Hero, Flipkart, Myntra, Titan, L’Oréal, NPCI, and Britannia for integrated campaigns.
Digital Presence
Saregama’s digital footprint also expanded, achieving:
– New Artistes Onboarded: 18, bringing the total to over 230.
– Cumulative Followers: Exceeded 200 million across platforms.
– Reached a digital audience of 400 million through channels like YouTube, Instagram, and Facebook.
Future Outlook
Avarna Jain, Vice Chairperson of Saregama India, remarked, H1 FY26 showed stability amidst challenging industry conditions. The outlook for the second half is promising with key projects and partnerships ahead. Saregama is well-positioned with an aggressive investment strategy and diversification across business segments.
In conclusion, while Saregama’s Q2 net profit reflects a marginal decline, its robust initiatives in music expansion, live events, and strategic partnerships illustrate a dynamic approach to navigating the industry’s landscape.