India’s only publicly listed gaming company, Nazara Technologies, has delivered spectacular Q1FY26 results that showcase the power of its IP-led gaming strategy. The Mumbai-based gaming giant nearly doubled revenues while posting remarkable profit growth and rewarding shareholders with attractive corporate actions.
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Exceptional Financial Performance
Nazara’s Q1FY26 results demonstrate the successful execution of its diversified gaming ecosystem approach, with strong contributions from recent acquisitions and organic growth initiatives.
Nazara Technologies’ Q1FY26 Financial Highlights
| Metric | Q1FY26 | Q1FY25 | Growth |
|---|---|---|---|
| Revenue | ₹498.8 Cr | ₹250.2 Cr | +99% YoY |
| EBITDA | ₹47.4 Cr | ₹24.9 Cr | +90% YoY |
| EBITDA Margin | 24.4% | 20.1% | +430 bps |
| PAT | ₹51.3 Cr | ₹23.5 Cr | +118% YoY |
| Core Gaming EBITDA Margin | 24.4% | – | Strong profitability |
Growth Drivers Power Performance
The exceptional growth was fueled by stellar performances from Fusebox Games, Animal Jam, and Curve Games—key acquisitions that have strengthened Nazara’s global IP portfolio. The company’s Centers of Excellence in User Acquisition and Analytics provided crucial support for scaling these franchises.
“We are seeing early results from our sharpened focus on IP-led gaming and are reinvesting this momentum into expanding our IP portfolio,” said Nitish Mittersain, Joint MD & CEO. This strategic approach has enabled Nazara to build sustainable competitive advantages in the crowded gaming market.
Shareholder Rewards: Stock Split & Bonus Issue
The board approved attractive corporate actions that will enhance liquidity and reward long-term shareholders:
Stock Split Details:
- 1 share of ₹4 face value → 2 shares of ₹2 face value each
- 1:1 Bonus Issue: 1 bonus share for every 1 existing share
These actions effectively quadruple the number of shares while maintaining proportional ownership, typically making shares more accessible to retail investors.
Strategic Positioning for Global Growth
With a market cap exceeding ₹12,000 crores, Nazara has established itself as a serious player in the global gaming ecosystem. The company’s diversified portfolio spans gaming, esports, and gamified learning across India, North America, and emerging markets.
Key business segments driving growth include the popular World Cricket Championship (WCC) franchise, educational platform Kiddopia, esports leader NODWIN Gaming, and sports media platform Sportskeeda.
For comprehensive gaming industry insights and investment analysis, explore our gaming sector coverage and technology stock guides.
Bottom Line
Nazara’s Q1FY26 performance validates its IP-led gaming strategy and positions the company for sustained growth in the global gaming market. The combination of strong financial performance, strategic acquisitions, and shareholder-friendly actions makes it a standout performer in India’s technology sector.
