Inventory charge-offs to conclude by FY26 end
The accelerated inventory write-off exercise, ongoing for eight quarters, will conclude by the end of this financial year (March 2026), with Q4 also seeing charges of ₹30-35 crore.
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Shemaroo Entertainment · forward-looking guidance across the available source record.
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Q4 FY26 will be a loss quarter
Management explicitly stated that the March quarter will be a loss quarter due to the final round of accounting charge-offs related to the inventory write-down.
Debt expected to stabilize and focus on repayment next year
Debt levels of ₹310 crore are expected to stabilize around current levels for FY26, with management confident that operating cash flow generation in FY27 will prioritize debt repayment.
FY27 planning assumes moderate soft advertising environment
Annual operating plans for next year are being built on continuation of moderate soft to moderate advertising market assumptions, not aggressively optimistic scenarios, as FMCG de-stocking effects stabilize.