Saregama Q3 results: Profit surges 17% QoQ on IP expansion, blockbuster releases
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Saregama India, a part of the RPSG Group, has reported a 17% quarter-on-quarter (QoQ) surge in its profit after tax (PAT) at ₹51.2 crore for the quarter ended December 31, 2025. In Q2FY26, the company had reported a profit of ₹43.8 crore.
While high base effects from previous years impacted year-on-year comparisons, the entertainment major's QoQ performance indicates an upward momentum in its core segments.
Sequential growth and margin expansion
For the quarter ended December 31, 2025, Saregama reported a revenue of ₹260.4 crore, a 13% increase over the ₹230 crore recorded in Q2FY26.
During the quarter under review, the company’s focus on high-margin licensing revenue paid off with a 43% year-on-year (YoY) surge in its EBITDA at ₹121 crore. Excluding revenue from live events in Q3 FY25, Saregama delivered robust YoY growth, with revenue up 16% and adjusted EBITDA rising 43%.
Segmental highlights
The core music licensing and artiste management vertical remains the primary engine of growth, growing 23% QoQ. This surge was supported by a steady release schedule and investments:
Film music: Blockbuster releases included Dhurandhar (Hindi), Tu Meri Main Tera (Hindi), and The Devil (Kannada).
IP expansion: The company released over 1,100 tracks across multiple languages including Bhojpuri, Punjabi, and Tamil.
Acquisition: Saregama secured a significant minority ownership in Bhansali Productions, ensuring exclusive access to marquee Hindi film music at a predictable cost structure.
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Digital reach and exceptional items
Following the acquisition of Finnet by subsidiary Pocket Aces, Saregama added 60 new artistes to its roster, bringing the total to over 270 with an aggregate digital reach of over 300 million. The company's total digital footprint now spans 550 million followers across major social media platforms.
Saregama India’s profit before tax (PBT) of ₹69.5 crore included a one-time, exceptional non-cash charge of ₹7 crore related to the implementation of new labour codes. Excluding this item, operational PBT grew 27% sequentially.
"Q3FY26 was a strong quarter for the company, reflecting consistent execution across our businesses," said Avarna Jain, vice chairperson of Saregama India. "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.”