Music and Youth
Lower TV segment revenue adds to Saregama Q2-17 numbers downturn
BENGALURU: Indian custodians of music company Saregama Limited (Saregama) reported 14.2 per cent year-over-year (y-o-y) and 0.9 per cent quarter-over-quarter (q-o-q) declines in total income from operations (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter). The company reported TIO of Rs 47.90 crore in Q2-17, Rs 55.80 crore in Q2-16 and Rs 48.33 crore in Q1-17. The company also saw a decline in Net Sales revenue as well as License Fees revenue in the current quarter.
The company’s profit after tax (PAT) in Q2-17 declined to less than half (1/2.25 times) y-o-y to Rs 1.15 crore (2.4 per cent margin) from Rs 2.59 crore (4.6 per cent margin) and declined 34.7 per cent q-o-q from Rs 1.76 crore (3.6 per cent margin). EBIDTA including other income in Q2-17 declined 26.8 per cent y-o-y to Rs 4.06 crore and declined 12.1 per cent q-o-q from Rs 4.62 crore.
The company has two segments – Music and Television Serials (TV).
Music segment reported 5.2 per cent y-o-y decline in operating revenue to Rs 31.23 crore from Rs 39.24 crore and declined 2.7 per cent q-o-q from Rs 32.11 crore. Music segment reported 44.4 per cent y-o-y decline in operating profit to Rs 6.1 crore in the current quarter from Rs 32.94 crore and 45.8 per cent q-o-q decline from Rs 11.25 crore.
Saregama’s TV segment reported 27.1 per cent y-o-y decline in operating revenue in Q2-17 to Rs 16.67 crore from Rs 22.86 crore, but a 2,8 per cent q-o-q increase from Rs 16.22 crore. TV segment operating profit declined 53.9 per cent y-o-y to Rs 1.61 crore from Rs 3.49 crore and declined 35.6 per cent q-o-q from Rs 2.50 crore.
Let us look at the other numbers reported by Saregama
Saregama also reports revenue from three streams –‘Net Sales Income’, ‘License Fee’, and ‘Other’. Net Sales Income in Q2-17 declined 23.1 per cent y-o-y to Rs 17.93 crore (37.4 per cent of TIO) from Rs 23.31 crore (41.8 per cent of TIO), but increased 5 per cent q-o-q from Rs 17.08 crore (35.3 per cent of TIO).
License Fees income in the current quarter declined 7.9 per cent y-o-y to Rs 29.89 crore (62.4 per cent of TIO) from Rs 32.44 crore (58.1 per cent of TIO) and declined 4.1 per cent from Rs 31.18 crore (64.5 per cent of TIO) in Q2-16.
Other Income in the current quarter was Rs 0.08 crore; Rs 0.05 crore in Q2-16; and Rs 0.07 crore in the immediate trailing quarter.
Saregama’s Total Expense in the current quarter at Rs 48.76 crore (101.8 per cent of TIO) was 9.9 per cent less than the Rs 54.14 crore (97 per cent of TIO) in Q2-16, but was 7.0 per cent more than the Rs 48.33 crore (94.3 per cent of TIO) in Q1-17.
The company’s Royalty Fee expense in Q2-17 at Rs 4.25 crore (8.9 per cent of TIO) declined 20.4 per cent y-o-y from Rs 5.34 crore (9.6 per cent of TIO) but increased 1.2 per cent q-o-q from Rs 4.20 crore (8.7 per cent of TIO).
Saregama’s advertising and sales promotion expense in Q2-17 at Rs 4.74 crore (9.9 per cent of TIO) increased 12.9 per cent y-o-y from Rs 4.20 crore (7.5 per cent of TIO) and increased 3.7 per cent q-o-q from Rs 4.57 crore (9.5 per cent of TIO).
Employee Benefit Expense in the current quarter at Rs 8.98 crore (18.7 per cent of IO) was 21.3 per cent lower than the Rs 11.41 crore (20.4 per cent of TIO) in Q2-16 but 0.8 per cent more than the Rs 8.91 crore (18.94 per cent of TIO) in the immediate trailing quarter.
Music and Youth
TLC launches ‘World On My Plate’ with Shipra Khanna
New travel-food series premieres 29 March at 7:00 PM.
MUMBAI: Shipra Khanna just packed her bags and her flavours because when a celebrated chef takes you on a global plate tour, even the couch starts feeling like first-class. Warner Bros. Discovery India has announced the launch of World On My Plate with Shipra Khanna, a new travel and food series set to premiere on TLC on 29 March at 7:00 PM. Hosted and curated by the popular chef and television personality, the show blends food, travel and culture through an intimate and immersive lens.
Across three visually rich episodes, Shipra journeys to global destinations to explore not just what people eat, but why they eat it, uncovering the stories, traditions and human connections behind every dish. The series opens in London, weaving its iconic landmarks with diverse culinary scenes, before moving to Spain’s vineyards, olive orchards and coastal kitchens.
Warner Bros. Discovery head of advertising revenues for South Asia Tanaz Mehta said: “At TLC, our focus has always been on bringing authentic stories that reflect how people live and connect. World On My Plate builds on this by using food as a lens to explore shared traditions across geographies. We’re excited to collaborate with Chef Shipra Khanna, whose perspective brings both depth and relatability to these narratives.”
Shipra Khanna added, “Food has always been my way of connecting with people and understanding cultures. With World On My Plate, I’ve had the opportunity to step into new worlds, learn from incredible individuals, and share stories that go far beyond the plate. This show is very special to me.”
The series promises strong visual storytelling, meaningful interactions and a fresh perspective on global cuisine celebrating flavours alongside the emotions and traditions that shape them.
In a world where travel shows often feel like distant postcards, Shipra Khanna is serving up something far more personal: a passport to cultures through their kitchens, proving that the best way to understand a place is still through the plate. Tune in to World On My Plate with Shipra Khanna starting 29 March at 7:00 PM on TLC.
