Whalesbook
Saregama India, a prominent entity within the RPSG Group, has posted impressive financial results for the third quarter of fiscal year 2026. The company's profit after tax (PAT) escalated by 17% sequentially, reaching ₹51.2 crore, a notable increase from the ₹43.8 crore reported in the preceding quarter.
Robust Revenue and EBITDA Growth
The entertainment major's revenue for the quarter ended December 31, 2025, stood at ₹260.4 crore, marking a 13% rise from ₹230 crore in Q2 FY26. This upward trajectory was significantly supported by a 43% year-on-year surge in EBITDA, which hit ₹121 crore, largely attributed to high-margin licensing revenue. Even when excluding revenue from live events in Q3 FY25, Saregama demonstrated strong underlying growth, with revenue up 16% and adjusted EBITDA climbing 43%.
Core Segment Performance
The music licensing and artiste management vertical, Saregama's primary growth engine, expanded by 23% quarter-on-quarter. This expansion was fueled by consistent releases and strategic investments.
Content Investments and Acquisitions
During the quarter, Saregama benefited from the release of key film music titles. Furthermore, the company significantly expanded its intellectual property (IP) catalog, releasing over 1,100 tracks across various regional languages including Bhojpuri, Punjabi, and Tamil. A strategic move included securing a significant minority ownership in Bhansali Productions, which guarantees exclusive access to its Hindi film music at a defined cost.
Artist Roster Expansion
Following the acquisition of Finnet by its subsidiary Pocket Aces, Saregama integrated an additional 60 artistes into its roster, bringing the total to over 270. These artistes collectively command a digital reach exceeding 300 million, contributing to Saregama's expansive digital footprint that now spans 550 million followers across major social media platforms.
Financial Adjustments
Saregama India's profit before tax (PBT) for the quarter was reported at ₹69.5 crore. This figure included a one-time, non-cash charge of ₹7 crore related to the implementation of new labor codes. Excluding this exceptional item, the operational PBT showed a healthy sequential growth of 27%.
Avarna Jain, vice chairperson of Saregama India, expressed confidence in the company's trajectory, stating, "Q3 FY26 was a strong quarter for the company, reflecting consistent execution across our businesses. Recent developments, including new partnerships, sign-ups and projects, reinforce our confidence in a healthy growth runway in the near term, supported by our continued focus on disciplined investments and portfolio diversification.”