Saregama maintained 20-23% music revenue CAGR and 60-65% EBITDA margin guidance over the short to medium term. New content spending is 300 to 350 crore for financial year 27 and around 1,200 crore for FY28, FY29, FY30 combined.

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We maintain our guidance of 20-23% revenue CAGR and 60-65% EBITDA margin for music vertical over short to medium run. So our guidance for the new content spend for the financial year 27 is anything between 300 to 350 crore. So, our guidance is that FY28, FY29, FY30 combined new content spends will be around 1,200 crore. Sarigama may be the cleanest listed way to own this thesis. Open the document at this passage

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