News Summary:
Uniresearch projects Saregama India's first-quarter fiscal year 2027 revenue at Rs 209 crore, representing a 1.0% year-over-year increase, and Profit After Tax (PAT) at Rs 37 crore, remaining flat year-over-year. These projections, published on June 25, 2026, are anchored on verified fourth-quarter fiscal year 2026 actuals. On June 24, 2026, Saregama India Ltd appointed Abhishek Kapoor, previously of Sula Vineyards, as its Chief Financial Officer (CFO), effective July 15, 2026. The company simultaneously named Kuldeep Kothari as Interim CFO with immediate effect, as disclosed in a regulatory filing. Previously, on May 21, 2026, Saregama India's Mojo Grade was downgraded to Sell from Hold following its March 2026 quarterly results, which revealed a mixed financial performance. While the company achieved record quarterly sales and profits, it experienced a decline in half-year sales and cash reserves, shifting its financial trend from positive to flat. This followed Saregama India Limited's participation in the 360 ONE Capital(B&K) Annual Investor Conference on May 27, 2026, in Mumbai.
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