Saregama Q3 FY26: Profit Plunges 17.7%, Revenue Halved Amidst Events & Video Decline

• Saregama India Ltd reported a 17.7% year-on-year drop in net profit to Rs 51.24 crore in Q3 FY26.
• Revenue from operations fell sharply to Rs 260 crore from Rs 483 crore in Q3 FY25, primarily due to declines in events and video revenues.
• Music revenue showed resilience, rising 10.4% to Rs 179 crore, driven by Dhurandhar's success, and artist management segment more than doubled to Rs 39 crore.
• The events business saw the sharpest contraction, with revenue plunging to Rs 22 crore from Rs 278 crore in the previous year.
• Total expenses were cut by 53.8% to Rs 191 crore, but advertising and sales promotion expenses increased 9% to Rs 22.9 crore.

Why It Matters: Saregama faced a challenging Q3 FY26 with significant profit and revenue drops, despite growth in music and artist management.