Saregama India - Valuations Demanding Post Sharp Run-Up: ICICI Direct

Saregama Carvaan audio player. (Source: Company website)

Saregama India - Valuations Demanding Post Sharp Run-Up: ICICI Direct


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 revenue for Q4 FY21 increased 13.6% YoY to Rs 123.5 crore with growth led by the TV and films segment, which was up 27.8% YoY.

Carvaan sales volumes were up ~49% YoY to 110,000 units in Q4 FY21, on a depressed base.

Ebitda grew 59.9% YoY (down 14% QoQ) to Rs 34.4 crore with Ebitda margin at 27.8% (up 806 basis points YoY and down 205 basis points QoQ, respectively).

Cost reduction, mainly in promotion costs for Carvaan and lower other expenses (lack of new content), led to strong growth in operating profit YoY.

Click on the attachment to read the full report:

ICICI Direct Saregama Q4FY21 Result Update.pdf


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