Saregama India reported strong FY25 revenue growth of 46% to ₹1,171.3 Cr, with Adjusted EBITDA up 18% to ₹356.6 Cr.

However, EBITDA margins compressed to 30% from 38% in FY24. The company significantly boosted content investment, with content charges rising 48% to ₹128.2 Cr and total content investment reaching ₹1,000 Cr.

This fuels a strategic pivot towards being a new-age content label, with post-2000 songs now contributing 56% of music licensing revenue.

Diversification continues across Artist Management (230+ influencers via Pocket Aces), Video, and Live Events.

The retail segment is shifting to e-commerce for improved profitability.