Saregama FY26 profit rises as music and artist business strike a chord

MUMBAI: The cash registers are humming and the playlists are paying off for Saregama India Limited. The music and entertainment company closed FY26 with a modest but steady rise in profitability, as growth in its core music catalogue and booming artist management business helped offset weakness in events and video operations. For the year ended March 31, 2026, consolidated profit stood at Rs 206.22 crore, up marginally from Rs 204.24 crore in FY25. Revenue from operations, however, slipped to Rs 984.62 crore from Rs 1,171.36 crore a year earlier, largely due to a sharp decline in the events business.

Despite the softer topline, operational performance stayed resilient. Profit before tax rose to Rs 284.08 crore from Rs 276.07 crore in FY25, while quarterly earnings delivered a stronger finish to the year.

For the January-March quarter, revenue from operations rose 19.35 per cent year-on-year to Rs 287.44 crore, compared to Rs 240.82 crore in the same quarter last year. Quarterly profit climbed to Rs 74.14 crore from Rs 59.86 crore, reflecting improved profitability across key entertainment verticals.

The company’s music segment once again played lead vocalist in the earnings mix. Annual revenue from music rose to Rs 683.52 crore from Rs 624.84 crore, while segment profit jumped sharply to Rs 364.09 crore from Rs 292.33 crore.

Artist management emerged as one of the fastest-growing businesses in the portfolio. Revenue from the segment nearly doubled to Rs 130.87 crore in FY26 from Rs 69.31 crore in FY25, while segment profit surged to Rs 12.70 crore from just Rs 2.73 crore a year ago.

The video business also showed signs of recovery. The segment posted a profit of Rs 1.51 crore in FY26 against a loss of Rs 3.95 crore in the previous year, although annual revenue declined to Rs 108.41 crore from Rs 191.98 crore.

The events division, however, hit a sour note. Revenue from events dropped sharply to Rs 61.83 crore from Rs 285.23 crore in FY25, with the segment slipping into a loss of Rs 7.11 crore against a profit of Rs 22.94 crore a year earlier.

Operationally, the company kept a close watch on costs. Advertisement and sales promotion expenses fell to Rs 61.20 crore from Rs 90.41 crore, while finance costs remained largely stable at Rs 5.44 crore.

On the balance sheet front, Saregama India Limited reported total assets of Rs 2,321.96 crore as of March 31, 2026, compared to Rs 2,095.16 crore a year earlier. Equity attributable to owners rose to Rs 1,692.68 crore from Rs 1,583.38 crore.

The company’s music catalogue continues to remain its biggest strength at a time when streaming, short-video consumption and catalogue monetisation are driving India’s entertainment economy. And while events may have missed a beat this year, Saregama’s broader entertainment orchestra still managed to stay in tune with profitability.