ICICI Direct: Saregama India - Licensing Revenue Growth Holds Key 
Saregama Carvaan audio player. (Image: Company website)

ICICI Direct: Saregama India - Licensing Revenue Growth Holds Key 


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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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