Nazara Reports 13% Increase in FY26 Revenue to Rs 1,829 Crore, EBITDA Growth Accelerates 66%

Nazara Technologies Reports 13% YoY Revenue Growth in FY26

Gaming company Nazara Technologies reported revenues from operations of Rs 1,828.9 crore for the financial year ended March 31, 2026 (FY26), marking a 13 percent year-on-year (YoY) jump from Rs 1,623.9 crore in FY25. This growth was driven by the strong performance of its core gaming business, which was bolstered by a series of strategic acquisitions, including Curve Games and Fusebox Games in the past year.

The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by a significant 66 percent to Rs 255 crore for the year from Rs 153 crore in the previous year. Meanwhile, profit grew 7 percent to Rs 67 crore for the year, from Rs 63 crore in FY25. Notably, EBITDA contribution from the core gaming business increased from 56 percent in FY25 to 90 percent in FY26.

Key Figures:

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For the fourth quarter, Nazara reported revenues of Rs 397.8 crore, down 24 percent YoY from Rs 520.2 crore in Q4-FY25. However, when adjusted for the deconsolidation of esports firm Nodwin Gaming from August 2025, revenue growth in Q4FY26 was at 8 percent YoY. EBITDA rose by 52 percent to Rs 78 crore for the quarter from Rs 51 crore in the year-ago quarter, while profit grew four-fold to Rs 56 crore for the quarter from Rs 14 crore in the year-ago quarter.

Quarterly Comparison:

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Nitish Mittersain, the founder of Nazara, will take on the role of Managing Director and Chief Executive Officer from June 1, 2026, after his father Vikash Mittersain was redesignated as founding chairman from his current role as chairman and managing director. This transition reflects the company's continued evolution as an institutionalized global gaming platform.

Additionally, Nazara announced the appointment of CaratLane founder Mithun Sacheti as a non-executive director to the board and Muraarie Rajan as independent director. These appointments come as the company's acquisition spree has grown in the past few years to strengthen its core gaming business. In March, Nazara announced its largest acquisition to date, purchasing Spain-based gaming studio Bluetile and rewards-driven gaming platform BestPlay for $100.3 million (Rs 918 crore).

The company is also raising Rs 500 crore from a clutch of investors through a preferential issue of warrants to fuel its global expansion.