Mumbai-based music label and film production company Tips Music expects to maintain revenue and profit growth of 20% each in FY27, with a possibility of exceeding the guidance by 2-3%, as its music catalogue, new releases and digital platforms support business growth.
\n\nKumar Taurani, Chairman and Managing Director of Tips Industries, said the company remained confident of meeting its annual targets despite fluctuations in quarterly performance due to the timing of film releases.
\n\nThe company had planned to release a Tips Films production in the fourth quarter of the previous financial year, but the release was shifted to the first quarter of FY27. Such changes can affect quarterly performance without necessarily altering the full-year outlook.
\n\nJuly-September quarter (Q2FY27), Tips Music reported revenue of ₹120 crore, net profit of ₹65.7 crore and margins at 70.48%.
\n\nTips Music plans to allocate around 20-22% of its revenue towards content investment during the year. The company expects this spending to support its music catalogue and film pipeline while keeping investments within its planned budget.
\n\nTips Music expects its existing music catalogue and fresh releases to remain key growth drivers in the coming quarters. The company is also confident of sustaining growth in the second…
Original source: https://www.cnbctv18.com/entertainment/
