Shares of Saregama India Ltd. and Pricol Ltd. experienced substantial gains in Friday's trading session, surging more than 9% each after both companies announced strong financial results for the fourth quarter of fiscal year 2026 (Q4 FY26).
Saregama India Posts Strong Music Business Growth
Saregama India Ltd., a prominent media and entertainment company, saw its shares climb 11.29% to Rs 429. The surge followed a robust Q4 FY26 performance, with revenue growing 19% year-on-year (YoY) and EBITDA increasing by an impressive 51% YoY, both exceeding analyst estimates. The company's core music licensing and artist management division was a key driver, expanding 32% YoY, partly benefiting from the shutdown of Wynk in the comparative base period.
Nuvama Institutional Equities, a domestic brokerage, maintained a 'Buy' rating on Saregama and raised its target price to Rs 525 from Rs 500. Analysts noted that while the video business, a loss-making segment, declined 34% YoY, Saregama plans to gradually phase it out over the next one to two years. This strategic move is expected to sharpen the company's focus on its highly profitable core music business and enhance overall profitability.
Pricol Ltd. Reports Doubled Net Profit
Auto ancillary manufacturer Pricol Ltd. also saw its shares rise, gaining 9.55% to trade at Rs 627.10. The company reported a significant 109.5% jump in consolidated net profit for Q4 FY26, reaching Rs 73.23 crore, up from Rs 34.95 crore in the same period last year. Revenue from operations for the quarter increased 43.34% to Rs 1,077.90 crore, compared to Rs 752.01 crore in the year-ago period.
Commenting on the results, Pricol's Chairman and Managing Director, Vikram Mohan, highlighted FY26 as a defining year for the global automotive industry, marked by various challenges. Despite these headwinds, Mohan stated that Pricol demonstrated resilience and strong execution, achieving a milestone of nearly Rs 4,000 crore in total income. The company also announced a leadership transition during the quarter, with Vanitha Mohan stepping down as Chairman, and Vikram Mohan assuming the role of Chairman and Managing Director.