Saregama’s revenue jumps 25% in Q2 FY20 from ₹1259 Million to ₹1575 Million

• Saregama sees 25% Q-o-Q growth in consolidated revenue from operations
• Licensing Income continued on its growth trajectory and registered 21% growth in revenue on Y-o-Y basis in H1 FY20.
• In spite of lower footfalls in Consumer Durable and Telecom outlets during this festival season, Carvaan sales managed to grow. The number of units sold went up by 14% Q-o-Q to 250 K, and 19% on half yearly basis to 469K

One of India’s oldest music labels and the youngest movie studio, Saregama, recorded a 25% jump in its consolidated Revenue from Operations in the second quarter to ₹1575 million as compared to ₹1259 million in the first quarter.

On the other hand, Saregama a consolidated PAT for the second quarter as ₹194 million in comparison to ₹12 million in last quarter and ₹157 million in last year same quarter.

The music label’s licensing Income continued on its growth trajectory and registered a 21% growth in revenue on Y-o-Y basis in H1 FY20.

In spite of lower footfalls in Consumer Durable and Telecom outlets during this festival season, Carvaan sales managed to grow. The number of units sold went up by 14% Q-o-Q to ₹2,50,000, and 19% on half yearly basis to ₹4,69,000.

The company continued its focus on increasing its penetration in mid and small-towns through awareness campaign and distribution network expansion.

This was a great quarter for the films division, Yoodlee, which licensed 4 movies during this quarter; out of which 2 movies were delivered to Hotstar.