#Saregama Q3 FY 22 Con Call 🧵
🎵🎶
Updates -
1. The company will keep riding the Digital wave.
2. 9 Month revenue at - 400cr, 25% Growth YoY
3. PBT Stands at 130cr
4. Content charge for the quarter was 11.5cr
5. Q3FY22 OIBCID is 42%
Profitability of the business is going up
🎵🎶
Updates -
1. The company will keep riding the Digital wave.
2. 9 Month revenue at - 400cr, 25% Growth YoY
3. PBT Stands at 130cr
4. Content charge for the quarter was 11.5cr
5. Q3FY22 OIBCID is 42%
Profitability of the business is going up
Deals-
1.Music - Signed 2 deals with OTT platforms - Planet Marathi & Chingari
2.Also licensed their music to brands like Nestle, Amazon, PhonePe, Vivo, Himalaya etc
Films-
1. No films released by Yoodlee in this quarter.
1.Music - Signed 2 deals with OTT platforms - Planet Marathi & Chingari
2.Also licensed their music to brands like Nestle, Amazon, PhonePe, Vivo, Himalaya etc
Films-
1. No films released by Yoodlee in this quarter.
2.Yoodlee has already pre licenced 2 web series with OTT,
3.shooting of these are still on going and might go live in Q4 of 22 or Q1,23.
Yoodlee Films -
1.Yoodlee films have already shown profits, the film business has very thin margins.
3.shooting of these are still on going and might go live in Q4 of 22 or Q1,23.
Yoodlee Films -
1.Yoodlee films have already shown profits, the film business has very thin margins.
2.Saregama only makes pre licensed movies, i.e. they pre sell the movies / web series before making them
3. They currently have no plans to make big budget Bollywood movies or Theatre movies.
3. They currently have no plans to make big budget Bollywood movies or Theatre movies.
Carvaan -
1.Sold 1,41,000 carvaan units.
2. Management has said the footfalls have reduced in the retail stores for carvaan.
3.Other products the soundbars were listed at 40% discount on MRP that was a strategic decision and still making profits on them even after selling at a
1.Sold 1,41,000 carvaan units.
2. Management has said the footfalls have reduced in the retail stores for carvaan.
3.Other products the soundbars were listed at 40% discount on MRP that was a strategic decision and still making profits on them even after selling at a
discounted rate.
4.Saregama has no plans to invest in marketing of Carvaan till the Covid situation improves.
Business Updates-
1.Saregama has plans to go with the biggest stars from the music industry to make music.
2.They have acquired music from few movies-
4.Saregama has no plans to invest in marketing of Carvaan till the Covid situation improves.
Business Updates-
1.Saregama has plans to go with the biggest stars from the music industry to make music.
2.They have acquired music from few movies-
i)Rocky Aur Rani Ki Prem Kahani
ii)Gangu Bai
iii)Shankar
iv)Sanjay leela’s films
v)Upcoming Vicky Kaushal’s movie…ETC.
Music revenue realisation-
1. Free Model-
Saregama gets paid every time someone listens to their music - 10 Paise (per stream)
ii)Gangu Bai
iii)Shankar
iv)Sanjay leela’s films
v)Upcoming Vicky Kaushal’s movie…ETC.
Music revenue realisation-
1. Free Model-
Saregama gets paid every time someone listens to their music - 10 Paise (per stream)
2. Paid Model-
If the listener opts for the paid subscription at any music platform then 50% is directly kept by the platform and remaining 50%’s a pool is being created.
EG.- User pays 100 rs as a subscription fee, 50 rs is kept by the platform
If the listener opts for the paid subscription at any music platform then 50% is directly kept by the platform and remaining 50%’s a pool is being created.
EG.- User pays 100 rs as a subscription fee, 50 rs is kept by the platform
and a pool is created for the remaining 50 rs, If the user only listens to Saregama songs then whole 50 rs is Saregama’s revenue.
Saregama claims to have its whole Library of songs on all the music platforms.
Saregama claims to have its whole Library of songs on all the music platforms.
QIP Update-
1. Saregama had raised 750cr in QIP few months back
2. These funds are currently parked in fixed deposits and debt funds.
3. Saregama has plans to use these funds strictly for the music side of the business.
4. Management is also hinting at starting artist management.
1. Saregama had raised 750cr in QIP few months back
2. These funds are currently parked in fixed deposits and debt funds.
3. Saregama has plans to use these funds strictly for the music side of the business.
4. Management is also hinting at starting artist management.
Future Guidance-
1.Music business to grow at 25% - 30% YoY
2.Films business to grow at 20% - 25% YoY
3.OIBCID to grow at 32% - 33%
4. CEO Vikram Mehra is very bullish on there will be substantial growth in the number of paid subscribers from India in upcoming years.
1.Music business to grow at 25% - 30% YoY
2.Films business to grow at 20% - 25% YoY
3.OIBCID to grow at 32% - 33%
4. CEO Vikram Mehra is very bullish on there will be substantial growth in the number of paid subscribers from India in upcoming years.
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