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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Tips Music
Tips Music (TIPSMUSIC) investor relations material
Tips Music Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary15 Oct, 2026
Executive summary
Q2FY27 revenue was ₹12,006.36 lakh, up 35% YoY; net profit was ₹6,573.95 lakh, up 23%.
H1FY27 revenue was ₹22,657.58 lakh, up 28% YoY; net profit increased 11% to ₹10,943.90 lakh.
Growth was attributed to new releases and catalog across digital and non-digital platforms; management cited 30%-35% YoY stream growth and no one-off revenue.
Financial highlights
Q2 operating revenue was ₹12,006.36 lakh versus ₹8,922.42 lakh in Q2FY26 and ₹10,650 lakh in Q1FY27; QoQ growth was 13%.
Q2 operating EBITDA was ₹84.64 crore, up 25% YoY, with a 70.5% margin; EBIT was ₹88.1 crore, up 23%.
Q2 net profit was ₹6,573.95 lakh; EPS was ₹5.15 versus ₹4.16 in Q2FY26.
H1 operating EBITDA was ₹138.2 crore, up 11%; EBIT was ₹146.5 crore, up 10%, and EPS was ₹8.56 versus ₹7.75.
Content cost was ₹26.2 crore in Q2, up 97% YoY, and ₹70.8 crore in H1, up 93%.
Outlook and guidance
FY revenue growth is expected to exceed the prior 20% guidance; management declined to give a revised rate and said it would remain conservative.
FY content-cost guidance remains ₹90 crore-₹100 crore; H2 spending is expected to be much lighter.
H2 releases are expected to be smaller films and non-film music; first-half releases are expected to continue supporting growth.
Target is 5-6 film releases annually, including 4-5 Hindi films and 2-3 in other regional languages; management aims for 30% growth with content investment at 20%-22% of top line.
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Latest events from Tips Music
- Sales reached Rs. 11,581.98 lakh as film music and catalogue sales drove strong earnings.TIPSMUSIC
Q4 99/00 - Profit fell sharply as piracy and weak demand challenged an expanding music catalogue.TIPSMUSICQ4 00/01
- Falling music sales drove FY03 losses as film diversification and early FY04 profits offered a recovery path.TIPSMUSICQ4 02/03
- Prince’s weak performance cut FY2010-11 profit; five planned films targeted recovery by 2013.TIPSMUSICQ4 10/11
- FY02 sales reached Rs. 10,412.1 lakh as operating income fell and piracy challenged music rights.TIPSMUSICQ4 01/02
- Widening losses met a strategic shift toward digital, royalty-based and film revenues.TIPSMUSICQ4 04/05
- Standalone earnings recovered; consolidated losses narrowed as strategy pivoted to film growth.TIPSMUSICQ4 03/04
- A return to profit and expansion into films came with significant audit and inventory risks.TIPSMUSICQ4 05/06
- Race powered a breakout FY08 as film revenue surged and music royalties reinforced recurring income.TIPSMUSICQ4 07/08
- A return to profit, powered by rising music royalties and a selective film-growth strategy.TIPSMUSICQ4 06/07
Next Tips Music earnings date
Q3 26/2718 Jan, 2027
Tips Music
Next Tips Music earnings date
Q3 26/2718 Jan, 2027
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Frequently asked questions
Tips Industries Limited is an Indian company primarily engaged in the entertainment industry, focusing on music and film production. The company operates one of the largest music labels in India, managing an extensive catalog that includes thousands of songs across various genres. In addition to music production and distribution, Tips Industries is also involved in film production, having produced several Bollywood films. The company is headquartered in Mumbai, Maharashtra, and its shares are listed on the NSE.