Saregama India Limited · NSE:SAREGAMA

Saregama India — Q2 FY27 Earnings Presentation

27 slides from Saregama India's earnings presentation, Nov 4, 2026

  1. Slide 1: Regulation 30 cover letter to stock exchanges

    Date: 4th November, 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 S

  2. Slide 2: Press release: Q2 FY27 financial highlights

    Revenue from Operations at INR 3,143 Mn (37% YoY growth), Adjusted EBITDA at INR 1,180 Mn (39% YoY growth) and PBT at INR 858 Mn (43% YoY growth) Mumbai, 04th November 2026: Saregama, a RPSG Group company, announced its Financial Results for the quarter ended 30th September 2026. Q2 FY27 Financial H

  3. Slide 3: Press release: operational highlights and management comment

    Backstage Siblings, Manoj Muntashir, Manhar Seth, Carvaan Live’s Sing with Kishore, etc.  During the quarter, Saregama collaborated with marquee brands such as Google, Cadbury, Apple, Tanishq, Reliance, etc. for high-impact, integrated campaigns, leveraging its IPs to drive strong brand engagement.

  4. Slide 4: Saregama India Limited Quarterly Presentation Q2 FY27

    QUARTERLY PRESENTATION | Q2 FY27 SAREGAMA INDIA LIMITED QUARTERLY PRESENTATION Q2 FY27

  5. Slide 5: Own the IP in perpetuity, then compound it

    QUARTERLY PRESENTATION | Q2 FY27 OWN THE IP IN PERPETUITY. 1,80,000+ 700MN+ Songs Owned Digital Fanbase THEN COMPOUND Master & underlying works, in perpetuity, global Subscribers & followers across the portfolio IT ACROSS EVERY FORMAT THAT INDIA’S DIGITAL BOOM OPENS UP. ₹4,047 MN 26% Adjusted EBITDA

  6. Slide 6: FY26: All-time high Adjusted EBITDA

    QUARTERLY PRESENTATION | Q2 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

  7. Slide 7: Diversified across segments, partners and revenue sources

    QUARTERLY PRESENTATION | Q2 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

  8. Slide 8: Two moats that compound: owned catalogue and audience

    QUARTERLY PRESENTATION | Q2 FY27 Two Moats That Compound: An Owned Catalogue in Perpetuity, and A Large Owned Audience. PROPRIETARY IP DIGITAL FANBASE 1,80,000+ 700 Mn+ Film (Bhansali) | TV & digital series | Short-form Songs owned - master & underlying works, in perpetuity, Subscribers & followers

  9. Slide 9: Operational Highlights

    QUARTERLY PRESENTATION | Q2 FY27 QUARTERLY PRESENTATION | Q2 FY27 OPERATIONAL HIGHLIGHTS 6

  10. Slide 10: The Music Engine: steady revenue growth and margins (quarterly)

    QUARTERLY PRESENTATION | Q2 FY27 The Music Engine: Steady Revenue Growth and Margins Quarterly Performance Music Revenue Music EBITDA Music Net Margin 1,324 2,513 1,653 2,429 1,540 2,306 1,165 2,195 1,366 1,398 1,271 996 1,802 1,869 1,860 927 1,110 1,123 884 1,693 1,660 798 1,005 1,025 793 762 61% 6

  11. Slide 11: The Music Engine: trailing 12 months

    QUARTERLY PRESENTATION | Q2 FY27 The Music Engine: Steady Revenue Growth and Margins Trailing 12 Months (TTM) Music Revenue Music EBITDA Music Net Margin 32% 31% Growth 33% Growth 9,443 5,957 8,790 Growth 4,369 5,540 8,144 5,167 4,002 7,584 4,785 3,768 7,191 4,529 3,280 3,371 46% 63% 46% 46% 63% 63%

  12. Slide 12: One music catalogue, monetised across multiple revenue streams

    QUARTERLY PRESENTATION | Q2 FY27 One Music Catalogue, Monetised Across Multiple Revenue Streams Steady Subscriber Momentum YouTube Subscribers (Mn) 10+ 05+ 20+ 218 211 206 202 Digital Brand 194 Theatrical Content Sync Deals Sync Deals Sync Deals Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Healthy Long-T

  13. Slide 13: New music across Hindi and regional markets

    QUARTERLY PRESENTATION | Q2 FY27 New Music Across Hindi and Regional Markets 650+ Total Songs Released 250+ Film music. 400+ Non-film music. The Paradise Renigunta 2 Meesaya Murukku 2 (Telugu- Film album) (Tamil – Film album) (Tamil – Film album) 10+ Languages & Categories Hindi. Tamil. Bhojpuri. Pu

  14. Slide 14: Data-driven acquisition is landing hits

    QUARTERLY PRESENTATION | Q2 FY27 Data-driven acquisition is landing hits – at industry scale, across languages. Key Highlights for H1 FY27 #1 #1 Daily Top Music Trending Music Videos Global Videos India YouTube 10+ YouTube 70+ #1 India Superhits Top 50 JioSaavn #1 Telugu: India Superhits Top 50 JioS

  15. Slide 15: Data-driven acquisition is landing hits (continued)

    QUARTERLY PRESENTATION | Q2 FY27 Data-driven acquisition is landing hits – at industry scale, across languages. Key Highlights for H1 FY27 #5 #5 #8 Daily Top Music Top Song Trending Music Videos YouTube Hyderabad Spotify Videos India YouTube Anjaana Anjaani #3 Telugu: India Superhits #4 #8 India Sup

  16. Slide 16: Build, grow and monetise talent across the content ecosystem

    QUARTERLY PRESENTATION | Q2 FY27 Build, Grow and Monetise Talent Across The Whole Content Ecosystem. 54 340 450 100+ Mn+ Prominent Artistes added in Managed Digital footprint Brands in Q2 FY27 Artistes of Saregama Q2 FY27 Artistes Marquee Artistes Monali Thakur Palak Muchhal Danny Pandit Gurdeep Meh

  17. Slide 17: Carvaan and vinyl sales

    QUARTERLY PRESENTATION | Q2 FY27 Catering to Super-Fan Demand; Carvaan Re-Engineered for Profitability. Vinyl being Built Up. Vinyl Sales (Units '000s) Carvaan Sales (Units '000s) Carvaan: Profitable Growth 9.1 88 • Sustained retail profitability with 8.2 7.2 7.1 improving volumes through a sharper

  18. Slide 18: A multi-format live events model

    QUARTERLY PRESENTATION | Q2 FY27 A Multi-Format Live Events Model - Proven at Scale, Built to be Resilient. Concert Devotional Ilaiyaraaja – Celebrating the legacy of a legendary composer through a Manoj Muntashir. Jaya Kishori. Backstage Siblings. landmark international concert series “Raja 50” Kir

  19. Slide 19: Video content across every runtime: films and TV

    QUARTERLY PRESENTATION | Q2 FY27 Video Content Across Every Runtime: From 1-Minute Filtercopy to 120-Minute Films. Upcoming Releases A. Films Badhu Alright Che Party Animals (Hindi) Vishwambhara (Telugu) • Launched new Tamil Show, “Siragugal” on Sun TV in July 2026 Future Outlook • “Malli” has cross

  20. Slide 20: Video content: digital series and short-format

    QUARTERLY PRESENTATION | Q2 FY27 Video Content Across Every Runtime: From 1-Minute Filtercopy to 120-Minute Films. 120 Mn+ 30+ 33 Mn+ 9 Mn+ Followers & Subscribers Views generated by content released in Q2 FY27 Brand Collaborations in Q2 FY27 Followers & Subscribers C. Digital Series D. Short-Format

  21. Slide 21: Financial Highlights Consolidated

    QUARTERLY PRESENTATION | Q2 FY27 QUARTERLY PRESENTATION | Q2 FY27 FINANCIAL HIGHLIGHTS CONSOLIDATED 18

  22. Slide 22: Quarterly Financial Summary

    QUARTERLY PRESENTATION | Q2 FY27 Quarterly Financial Summary Particulars (INR Mn) Q2 FY27 Q1 FY27 QoQ Q2 FY26 YoY Revenue from Operations •Music : Licensing + Artiste Management 2,302 2,131 8% 1,653 39% •Music : Retail 211 175 21% 207 2% •Video 183 170 8% 218 (16%) •Live Events 447 160 179% 222 101%

  23. Slide 23: Adjusted EBITDA to PAT

    QUARTERLY PRESENTATION | Q2 FY27 Adjusted EBITDA to PAT Particulars (INR Mn) Q2 FY27 Q1 FY27 QoQ Q2 FY26 YoY FY26 Revenue from Operation (A) 3,143 2,636 19% 2,300 37% 9,846 Total Expenses (B) 1,963 1,512 30% 1,453 35% 5,799 Adjusted EBITDA (C=A-B) 1,180 1,124 5% 847 39% 4,047 Adjusted EBITDA Margin

  24. Slide 24: Balance Sheet

    QUARTERLY PRESENTATION | Q2 FY27 Balance Sheet Equity and Liabilities (INR Mn) As at 30th As at 31st As at 30th As at 31st Assets (INR Mn) Sep-26 Mar-26 Sep-26 Mar-26 Non-current assets Shareholder's fund 193 193 (a) Property, plant and equipment 2,342 2,220 (a) Equity share capital 18,014 16,734 (b

  25. Slide 25: Cash Flow Statement

    QUARTERLY PRESENTATION | Q2 FY27 Cash Flow Statement Particulars (INR Mn) H1 FY27 FY26 Pre-Tax Profit 1,563 2,841 Change in other operating activities (Including non-cash Items) 533 520 Change in Working capital 1,118 (1,168) Taxes Paid (357) (640) Net cash (Used in) / Generated from Operating Activ

  26. Slide 26: Financial Charts (Consolidated)

    QUARTERLY PRESENTATION | Q2 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

  27. Slide 27: Disclaimer

    QUARTERLY PRESENTATION | Q2 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

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