Saregama Carvaan

Music label Saregama India Ltd on Tuesday reported a 6.2 per cent fall in its net profit to Rs 44.95 crore for the second quarter of the 2024-25 financial year despite a 40.5 per cent increase in revenue. Saregama India, which is a part of the RP Sanjiv Goenka Group, posted a net profit of Rs 47.99 crore in the corresponding quarter of the last fiscal, a statement said. The company reported a revenue of Rs 241.83 crore during the quarter that ended on September 30 as against Rs 172.35 crore in the same period of the previous fiscal. During the quarter under review, operational costs more than doubled to Rs 87.12 crore from Rs 40.60 crore, the statement said. Total expenses were at Rs 195 crore during the quarter as against Rs 119.95 crore in the year-ago period. "FY'25 has begun on a strong note, with our new music releases topping charts across different platforms. Diversification also gained momentum with successful live events and the launch of our third Saregama talent," the .

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Priced at Rs 3,990, the Saregama Carvaan Mini+ is unlike any other Bluetooth speaker available in the market. It is a standalone speaker with support for multiple input modes

The dual purpose of a musicbar and a Bluetooth soundbar is a novelty the Saregama Carvaan Karaoke Musicbar plays on

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Priced at Rs 19,990, the Saregama Carvaan Karaoke is aimed at the niche market of people with interest in music. For others, it might seem leaning on the expensive side

The happy impact that Tata Sky or Carvaan has on people's lives is the biggest joy, Mehra tells Vanita Kohli-Khandekar

In 2017 Saregama launched Carvaan, a device with 5,000 old songs loaded in. It became a huge hit selling over two million units so far and rejuvenating India's oldest music company

What has encouraged the company to move to a higher gear is the potential of the Indian market

The only enhancement that could arguably have been offered was to bring new variations to its delightful colour gamut

You can teach an old horse new tricks. After years in the wilderness the ~227-crore Saregama, India's oldest music firm, is on a winning streak. A hit product in Carvaan, more money from YouTube, streaming services and other online platforms are throwing up lots of cash. That is funding its re-entry into new music acquisition and films, the first of which is due for release this month. The first two quarters of 2017-18 have seen it hit ~146 crore in top line and analysts estimate the company will close with ~350 crore in revenues.Much of this is clearly exciting the market - its share price has grown almost five times from ~181 in November 2016 to ~894 earlier this month. Saregama is among the smaller firms in the ~20,529-crore RP Sanjeev Goenka group that has interests in power and retail, among other areas. Could it be a takeover target for a larger media player? Managing Director Vikram Mehra directs the question towards group Chairman Sanjeev Goenka, who was unavailable for ...

Sharp targeting and smart marketing have made Carvaan a successful brand. But, will its retro appeal allow it to remain a lasting one?

There's also a headphones socket for private listening