Questions across 3 calls

Akshay Jogani

Xponent Tribe

Saregama India Limited

Saregama India Limited CC-May26.pdf · 2026-05-14

Vikram, a couple of questions. Like you mentioned, the headwind on the platform shutting down or switching off is sort of behind you. So, over the next one to two years as platforms sort of start pushing, and they have already started pushing premium, do you expect the growth rates to now sort of mirror their growth rates, or maybe there are no more changes within the industry structure that kind of is expected?

Sure. You know, one of the things you spoke in this conversation earlier was that at a directional level, your free part of the revenue within music has remained flattish, while the large part of growth has come from the paid part, I mean, right? Now, I understand that over the last one and a half years, there have been CPM pressures, there has been, I think, YouTube has been changing, and YouTube has sort of not grown as much as we would have sort of thought. At least our understanding is that. Is that something that you expect to change over the next year as well?

Saregama India Limited CC-Mar25.pdf · 2025-05-16

Perfect. So I may be asking as a repeat, I joined a little late. But I just wanted to check that last year, the largest paying platform took a material price cut on a per stream basis, right, went from INR0.10 to INR0.05. So now do you expect that to further go down? What are the negotiations right this year? And should we assume that the new pricing is the base that will not further collapse the growth from here will be...

So when we speak to OTTs, they explicitly tell us that our gross margins are 10% or less and across the Board versus Spotify globally has a much higher gross margin. So we need to get to that. And if that has to happen, then the music labels have to sort of wait before they can grow. Sort of is that something that we need to worry about? Because I think one of the reasons our growth has been slower is that shift in sort of the OTT expectations in terms of them not having to lose more money.

Data Patterns (India) Limited

Data Patterns (India) Limited CC-Feb26.pdf · 2026-02-06

Congratulations on a great set of numbers. Sir, I wanted to continue on the Brahmos seeker. Every year what we hear from the , what we see on the internet is that we make about 100 -odd missiles and we increase the capacity to 150. Assuming that we are -- we increase the capacity, the seeker requirement would then also be 150? What is our sense of the share of wallet that we get? Do we think we can get all of the 150 to make in the -- as we get the producti on orders? Or do we think it will be like half of it? And hence, what is the kind of capacity you are currently working with that you want to add?