Saregama India Limited · NSE:SAREGAMA
Saregama India — Q1 FY27 Earnings Presentation
25 slides from Saregama India's earnings presentation, Aug 4, 2026
Slide 1: Regulation 30 cover letter to NSE and BSE
Date: 4th August, 2026 The Manager, The General Manager, Listing Department, The Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Phiroze Jeejeebhoy Towers, Block G, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 051 Mumbai – 400 001 Sym
Slide 2: Q1 FY27 financial highlights press release
Revenue from Operations at INR 2,636 Mn (27% YoY growth), Adjusted EBITDA at INR 1,124 Mn (69% YoY growth) and PBT at INR 705 Mn (38% YoY growth) Mumbai, 04th August 2026: Saregama, a RPSG Group company, announced its Financial Results for the quarter ended 30th June 2026. Q1 FY27 Financial Highligh
Slide 3: Operational highlights, management quote and about Saregama
• The Live Events business scaled up its devotional and stand-up comedy formats with shows of renowned artistes such as Jaya Kishori, Manoj Muntashir, Backstage Sibling, Manhar Seth etc. • During the quarter, Saregama collaborated with marquee brands such as Visa, HUL, Myntra, Godrej, Bharat Matrimo
Slide 4: Saregama India Limited Quarterly Presentation Q1 FY27
QUARTERLY PRESENTATION | Q1 FY27 SAREGAMA INDIA LIMITED QUARTERLY PRESENTATION Q1 FY27
Slide 5: Own the IP in perpetuity, then compound it
QUARTERLY PRESENTATION | Q1 FY27 OWN THE IP IN PERPETUITY. 1,80,000+ 680MN+ Songs Owned Owned THEN COMPOUND Master & underlying works, in perpetuity, global Audience IT ACROSS EVERY Subscribers & followers across the portfolio FORMAT THAT INDIA’S DIGITAL BOOM OPENS UP. ₹4,047 MN 26% Adjusted EBITDA
Slide 6: FY26: All-time high Adjusted EBITDA
QUARTERLY PRESENTATION | Q1 FY27 FY26 : All Time High Adjusted EBITDA, Headline Revenue Up Excluding One-off Live-events Base KEY FINANCIAL METRICS Revenue from Operations Adjusted EBITDA Music Content Charge Operational PBT (INR Mn) (INR Mn) (INR Mn) (INR Mn) 2,926 Live Events business is lumpy 4,0
Slide 7: Diversified across segments, partners and revenue sources
QUARTERLY PRESENTATION | Q1 FY27 Diversified Across Segments, Partners and Revenue Sources - No Single Point of Dependence. 83% MUSIC 6% LIVE EVENTS 11% VIDEO Licensing | Artiste Mgt. | Retail Concerts | Festivals | Devotional | Film (Bhansali) | TV & digital series | (Carvaan, Vinyl) Stand-up Comed
Slide 8: Two moats that compound: owned catalogue and owned audience
QUARTERLY PRESENTATION | Q1 FY27 Two Moats That Compound: An Owned Catalogue in Perpetuity, and A Large Owned Audience. PROPRIETARY IP DIGITAL FANBASE 1,80,000+ 680 Mn+ Film (Bhansali) | TV & digital series | Short-form Songs owned - master & underlying works, in perpetuity, Subscribers & followers
Slide 9: Operational Highlights
QUARTERLY PRESENTATION | Q1 FY27 QUARTERLY PRESENTATION | Q1 FY27 OPERATIONAL HIGHLIGHTS 6
Slide 10: The Music Engine: steady revenue growth and margins
QUARTERLY PRESENTATION | Q1 FY27 The Music Engine: Steady Revenue Growth and Margins. Music Revenue Music EBITDA & % Music Net Margin & % 1,653 1,324 2,429 2,306 2,195 1,398 1,366 1,271 996 1,869 1,860 927 1,802 1,693 1,110 1,123 884 1,660 1,578 1,005 68% 1,025 793 762 798 68% 55% 62% 62% 847 59% 61
Slide 11: One music catalogue, monetised across multiple revenue streams
QUARTERLY PRESENTATION | Q1 FY27 One Music Catalogue, Monetised Across Multiple Revenue Streams Steady Subscriber Momentum YouTube Subscribers (Mn) 15+ 10+ 10+ 160 194 202 206 211 Theatrical Digital Brand Sync Deals Content Sync Deals Sync Deals Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Healthy Long-T
Slide 12: New music across Hindi and regional markets
QUARTERLY PRESENTATION | Q1 FY27 New Music Across Hindi and Regional Markets 750+ 10+ 250 Mn+ Total Songs Released Languages Streams & Views Hindi. Tamil. Bhojpuri. Punjabi. Haryanvi. Marathi. from music content released in Q1 FY27 200+ Film music. 550+ Non-film music. Devotional. Ghazal. Remix. Ins
Slide 13: Data-driven acquisition is landing hits across languages
QUARTERLY PRESENTATION | Q1 FY27 Data-driven acquisition is landing hits – at industry scale, across languages. Key Highlights for Q1 FY27 Weekly Top 200 Albums Spotify - India 20+ 05+ Songs featured Languages in charts Krishnavataram Part 1: The Heart (Hridayam) #2 #4 #5 25+ 05+ Ved Lavla Local Pul
Slide 14: Build, grow and monetise talent across the content ecosystem
QUARTERLY PRESENTATION | Q1 FY27 Build, Grow and Monetise Talent Across The Whole Content Ecosystem. 33 309 440 430+ Mn+ Artistes added in Managed Digital footprint Brand Deals in Q1 FY27 Artistes of Saregama Q1 FY27 Artistes Marquee Artistes Awez Darbar Mermaid Scales RJ Karishma Visal Pandey Parad
Slide 15: Carvaan re-engineered for profitability; vinyl being built up
QUARTERLY PRESENTATION | Q1 FY27 Catering to Super-Fan Demand; Carvaan Re-Engineered for Profitability. Vinyl being Built Up. Carvaan: Margin over Volume Vinyl Sales (Units in ‘000s) Carvaan Sales (Units '000s) • Shifted focus to e-commerce and modern trade • Premium product mix with profitability-l
Slide 16: A multi-format live events model
QUARTERLY PRESENTATION | Q1 FY27 A Multi-Format Model - Proven at Scale, Built to be Resilient. Devotional Manoj Muntashir. Jaya Kishori. Backstage Siblings. 22 Shows, 11 Cities, 32K+ Audience Stand-Up Comedy Experiential Viraj Ghelani. Manhar Seth. Carvaan Live, Carvaan Luxe- Own IP shows. Establis
Slide 17: Content across every runtime: Films and TV
QUARTERLY PRESENTATION | Q1 FY27 Content Across Every Runtime: From 1-Minute Filtercopy to 120-Minute Films. Upcoming Releases A. Films Badhu Alright Che Vishwambhara (Telugu) • “Sevanthi” has crossed the 2,200+ Episode mark, Future Outlook running successfully as a slot leader in the 10:30 • Contin
Slide 18: Content across every runtime: Short-format
QUARTERLY PRESENTATION | Q1 FY27 Content Across Every Runtime: From 1-Minute Filtercopy to 120-Minute Films. 260 Mn+ 10+ 32 Mn+ 9 Mn+ Followers & Subscribers Views generated by content released in Q1 FY27 Brand Collaboration in Q1 FY27 Followers & Subscribers C. Digital Series D. Short-Format
Slide 19: Financial Highlights Consolidated
QUARTERLY PRESENTATION | Q1 FY27 QUARTERLY PRESENTATION | Q1 FY27 FINANCIAL HIGHLIGHTS CONSOLIDATED 16
Slide 20: Quarterly Financial Summary
QUARTERLY PRESENTATION | Q1 FY27 Quarterly Financial Summary Particulars (INR Mn) Q1 FY27 Q4 FY26 QoQ Q1 FY26 YoY Revenue from Operations •Music : Licensing + Artiste Management 2,131 2,267 (6%) 1,490 43% •Music : Retail 175 162 8% 170 3% •Video 170 322 (47%) 357 (52%) •Live Events 160 123 30% 51 21
Slide 21: Adjusted EBITDA to PAT
QUARTERLY PRESENTATION | Q1 FY27 Adjusted EBITDA to PAT Particulars (INR Mn) Q1 FY27 Q4 FY26 QoQ Q1 FY26 YoY FY26 Revenue from Operation (A) 2,636 2,874 (8%) 2,068 27% 9,846 Total Expenses (B) 1,512 1,547 (2%) 1,404 8% 5,799 Adjusted EBITDA (C=A-B) 1,124 1,327 (15%) 664 69% 4,047 Adjusted EBITDA Mar
Slide 22: Balance Sheet
QUARTERLY PRESENTATION | Q1 FY27 Balance Sheet Equity and Liabilities As at 30th As at 31st As at 30th As at 31st Assets (INR Mn) (INR Mn) Jun-26 Mar-26 Jun-26 Mar-26 Shareholder's fund Non-current assets (a) Equity share capital 193 193 (a) Property, plant and equipment 2,338 2,220 (b) Other equity
Slide 23: Cash Flow Statement
QUARTERLY PRESENTATION | Q1 FY27 Cash Flow Statement Particulars (INR Mn) Q1 FY27 FY26 Pre-Tax Profit 705 2,841 Change in other operating activities (Including non-cash Items) 276 520 Change in Working capital (162) (1,168) Taxes Paid (38) (640) Net cash (Used in) / Generated from Operating Activiti
Slide 24: Financial Charts (Consolidated)
QUARTERLY PRESENTATION | Q1 FY27 Financial Charts (Consolidated) Revenue from Revenue from Music Content Charge PAT (INR Mn) Operations* (INR Mn) (INR Mn) (INR Mn) 1,976 2,042 2,062 11,713 8,144 1,853 1,399 6,737 6,941 1,282 9,846 1,526 8,030 5,708 7,366 4,641 864 5,806 682 464 FY22 FY23 FY24 FY25 F
Slide 25: Disclaimer
QUARTERLY PRESENTATION | Q1 FY27 Disclaimer Saregama India Ltd. Disclaimer: In evaluating our business, we consider and use non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, PAT Margin, Debt to Equity Ratio, Return on Equity, to review and assess our operating perf