Shemaroo Q1-FY27 Revenue Down 5.6% YoY

Revenue & Profitability:

Revenue from Operations for Q1-FY27 stood at ₹1,317 Million, a decline of 5.6% compared to ₹1,395 Million in Q1-FY26.
EBITDA was a loss of ₹18 Million, representing a significant 96.7% improvement from a loss of ₹555 Million in Q1-FY26. The EBITDA margin was -1.38%.
The Net Loss for the quarter was ₹81 Million, an 82.4% improvement from a net loss of ₹458 Million in Q1-FY26. The Net Profit Margin was -6.12%.
Loss Per Share (EPS) was ₹2.79, an 83.3% improvement from a loss of ₹16.77 per share in Q1-FY26.
The presentation notes that Q1-FY27 Profit and Loss includes expenses on new initiatives (net of revenue) amounting to ₹196 Million.

Divisional Performance:

Digital Media revenue was ₹557 Million, a decline of 17.3% YoY from ₹673 Million. The decline was attributed to select B2B syndication deals being deferred due to geopolitical uncertainty and the inherent lumpy nature of the business.
Traditional Media revenue was ₹760 Million, showing growth of 5.2% YoY from ₹722 Million. This growth was driven by the closure of select B2B licensing deals.

Historical Financials:

The presentation includes a full historical consolidated income statement for FY24, FY25, FY26, and Q1-FY27, showing a trend of declining revenue from ₹7,072 Mn in FY24 to ₹5,831 Mn in FY26.
The historical consolidated balance sheet as of FY26 shows Total Equity of ₹2,700 Mn, Total Non-Current Liabilities of ₹97 Mn, and Total Current Liabilities of ₹4,089 Mn. Total Assets were reported at ₹6,858 Mn.

ShemarooMe Gujarati Platform:

In April 2026, the company acquired the OHO Gujarati catalogue, adding over 22 Gujarati original web series to the platform.
The platform released 10 new titles during the quarter, including the original web series 'Kajodu' and the world digital premiere movie 'Jalebi Rocks'. Other releases included 'Vitthal Teedi S1', 'Kadak Mitthi S1 & S2', and 'Cutting S1'.

YouTube Performance:

The Shemaroo FilmiGaane channel surpassed 74.7 million subscribers.
The Shemaroo Ent channel crossed 61.9 million subscribers.
The company's portfolio of channels garnered approximately 9.0 billion views during the quarter.

Syndication & Awards:

The company acted as the worldwide digital and satellite distribution partner for the Malayalam action thriller 'Kattalan'.
The company's AI-powered brand campaign 'Kindness Badhaye Goodness' won the Baby Blue Elephant at the Kyoorius Creative Awards 2026 and a Bronze at the Good Ads Matter Awards.

The overall advertising outlook for traditional businesses is expected to remain subdued in the near term due to the ongoing BARC blackout, macroeconomic pressures, and geopolitical tensions.
The decline in digital revenue was partially offset by healthy growth in consumer businesses, driven by fresh content, stronger audience engagement, and improved advertising monetization.