New Delhi: TIPS Music Ltd (formerly Tips Industries Ltd.), one of India’s leading music labels, has reported a strong financial performance for the first quarter of FY26, with revenue rising 19% year-on-year (y-o-y) to ₹88.1 crore. The company’s Profit After Tax (PAT) also registered a modest growth of 5% y-o-y, reaching ₹45.7 crore for the quarter ended June 30, 2025.
The quarter saw a significant investment in content, with the content cost surging by 85% y-o-y to ₹23.5 crore, underscoring the company’s continued focus on expanding its music catalogue. A total of 92 songs were released during the period, including 48 film songs and 44 non-film tracks. Among them, the Punjabi track “Main Nachdi” from Saunkan Saunkanay 2 emerged as a major hit, racking up over 75 million views and maintaining a spot on YouTube’s Top 100 chart for 12 weeks. Other standout tracks included songs from the films Maalik and Sarbala ji, which garnered 102 million and 51 million views respectively on YouTube.
Commenting on the results, Kumar Taurani, Chairman and Managing Director, attributed the double-digit revenue growth to the strength of the company’s music catalogue and consistent release strategy, despite industry-wide challenges. He also announced an interim dividend of ₹4 per share for Q1FY26, amounting to a total payout of ₹51.13 crore.
Girish Taurani, Executive Director, highlighted the role of content in driving digital reach, noting that the company’s YouTube subscriber base has risen to 125.8 million. He also pointed to the strong performance of the catalogue across Meta platforms as a sign of continued engagement.
On the technology front, CEO Hari Nair shared that the company is making strides in operational automation with the in-house development of a content management system called PULSE. The system enables direct delivery of content to platforms like TikTok and other Digital Service Providers (DSPs) through TIPS’s own DDEX feeds, enhancing distribution efficiency. Nair also reported steady growth in paid subscribers across OTT music platforms such as YouTube and Spotify.
TIPS Music’s performance in Q1FY26 reflects its strategic emphasis on content investment, digital expansion, and tech-driven operations amid a dynamically evolving music industry landscape.
