20% Full-Year Revenue Growth Target
Management reiterated 20% revenue growth guidance for FY26 despite downgrading from earlier 30% target. Requires approximately 25-27% growth in H2 (Q3+Q4 combined) to achieve annual target.
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Tips Music · forward-looking guidance across the available source record.
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revenue
Content Cost at 20-25% of Revenue
Content cost as percentage of topline expected to be 20-25% for FY26, down from 15% in Q2. Focus on quality over quantity with selective acquisition.
50 New Songs by March 2026
Approximately 50 songs from big artists planned for release by March 2026, including collaborations with Paradoxx, Luck and others, driving H2 revenue acceleration.
YouTube Shorts Revenue-Sharing Model from June 2026
Current fixed-deal YouTube Shorts contract expires June 2026; management expects renegotiation to shift toward revenue-sharing model with platforms.
FY26 Revenue Growth Target
Management maintained 20% revenue growth guidance for FY26 despite Q3 performance tracking below the quarterly run-rate needed. Confident of achieving target with Q4 performance.
FY26 PAT Growth Upwardly Revised
PAT growth guidance upgraded to 25% from 20% previously, reflecting margin expansion and operational efficiency. Assumes content cost of ~18% of revenue for the full year.
FY27 Growth Target 20-25%
Management targets 20-25% revenue and PAT growth for FY27 with planned release of 4-5 Hindi films including David Dhawan and Diljit Dosanjh starrers, plus non-film music.
FY27 Revenue Target Rs 450 Crore
Aspirational revenue target of Rs 450 crore for FY27 mentioned by management, contingent on successful content acquisitions and timely film releases.