Music vertical revenue CAGR of 20-23% over 3-5 years
Management expects the music vertical to grow at 20-23% CAGR, driven by subscription expansion, ARPU growth, and format diversification.
SAREGAMAINDIA / guidance tracker
Keep management guidance in view.
Saregama India · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
revenue
Music vertical EBITDA margin of 60-65%
Annual EBITDA margin guidance for the music vertical is 60-65%, with net margins expected to improve 300-500 bps over 3-5 years.
New content budget of ₹300-350 crore for FY27
The company plans to spend ₹300-350 crore on new music content in FY27, part of the ₹1,000 crore cumulative spend over FY25-27.
Un40 festival to break even by FY28
The newly launched music festival IP 'Un40' is expected to break even by FY28, with losses reducing in year two.