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ICICI Direct: Saregama India - Licensing Revenue Growth Holds Key 

ICICI Direct: Saregama India - Licensing Revenue Growth Holds Key 

Saregama Carvaan audio player. (Image: Company website)
Saregama Carvaan audio player. (Image: Company website)

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ICICI Direct Report

Saregama India Ltd.'s revenues for Q2 FY21 fell 31.3% YoY to Rs 108.1 crore as Carvaan sales declined to 81,000 units versus 250,000 in Q2 FY20.

Ebitda, however, was at Rs 36.9 crore, up 52.3% YoY, due to lower promotion costs (high marketing expense in base quarter) and contract manufacturing charges with a healthy Ebitda margins at 34.1%.

Consequently, profit after tax came in at Rs 28.2 crore.

Click on the attachment to read the full report:

ICICI Direct Saregama Company Update.pdf

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