Powered by: Motilal Oswal

News

Buy Saregama India Ltd For Target Rs.580 By Emkay Global Financial Services Saragama's strong headline numbers masked the weakness in music licensing revenue. Consolidated revenue grew 40.3% YoY, aided by strong growth in the video segment. Music Licensing revenue growth was soft, up 8% YoY in Q2, despite the impact of select platforms moving to a paid model now being completely factored in. EBITDA margin of 25.2% fell short of our estimate on account of higher growth in the lower-margin video segment and elevated content investments. Despite some softness, mgmt ...
Buy Saregama India Ltd For Target Rs.580 By Emkay Global Financial Services
Buy Saregama India Ltd For Target Rs.580 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-21 04:14:56 pm
Buy Saregama India Ltd For Target Rs. 580 By JM Financial Services Bharti Airtel’s decision to shut down Wynk Music (Wynk), India’s third-largest music OTT platform in terms of active users, could accelerate the movement of Spotify (market leader) and JioSaavn (second largest) to a paid-subscription business model. Currently, the three market leaders are the only pure-play music OTT platforms offering free streaming services, as the rest of the players have already moved to a completely paywall-driven business model. While these developments coul...
Buy Saregama India Ltd For Target Rs. 580 By JM Financial Services
Buy Saregama India Ltd For Target Rs. 580 By JM Financial Services
Source: JM Financial Services Ltd
2024-09-02 01:37:20 pm
Buy Saregama India Ltd For The Target Rs.465 - Emkay Global Financial Services As the oldest music label in India, Saregama boasts of an enviable catalog of older-generation songs that are nearly impossible to replicate. Company is now putting the pedal to the metal on acquiring new content, to close the gap with the market leader and ensure that it remains relevant even a few decades later. The music licensing industry has flourished, with waning of piracy; Saregama has capitalized on this opportunity, consistently exceeding industry growth. We expect the steady growth...
Buy Saregama India Ltd For The Target Rs.465 - Emkay Global Financial Services
Buy Saregama India Ltd For The Target Rs.465 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-12-14 03:20:44 pm
Buy Saregama India Ltd For Target Rs.3,260 - JM Financial Music topline affected by transition of a few OTTs to paywall Saregama’s 2Q EBIT of INR 526mn missed JMFe by 17.4% due to weaker-than-expected revenue in all three reporting segments. Music segment revenue missed JMFe by 12.3% as it expanded only 4% YoY vs. 15%+ growth in each of the previous 9 quarters. The growth slowdown was attributable to the flagship music licensing business, which, our calculations suggest, grew only in low single digits YoY. Essentially, the transition by thr...
Buy Saregama India Ltd For Target Rs.3,260 - JM Financial
Buy Saregama India Ltd For Target Rs.3,260 - JM Financial
Source: JM Financial Institutional Securities Ltd
2023-11-14 11:13:19 am