Nazara Technologies Ltd
Nazara Technologies Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Main Growth Drivers for FY26:** - Animal Jam performing very well. Main growth drivers for FY26 topline include Animal Jam performing well, Funky Monkeys on a growth path, excitement about Fusebox, and Curve also expected to have a great year.
From Nazara Technologies Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- **Main Growth Drivers for FY26:**
- - Animal Jam performing very well.
- - Funky Monkeys on a growth path.
- - Excitement about Fusebox's potential.
- - Curve Games expected to have a great year.
- - Kiddopia anticipated to return to growth soon.
- **Curve Games:**
- - Growth from existing IPs like For The King, Human: Fall Flat, Wobbly Life.
- - New IPs greenlit for development to fuel growth next year.
- **Fusebox Games:**
- - Revenue grew 49% YoY in Q1 FY26; growth supported by new game launches and IP building.
- **Nodwin:**
- - Strong 49% revenue growth in Q1 with expansions in esports events globally.
- **Overall:**
- - Gaming segment revenue grew 160% YoY in Q1 FY26.
- - EBITDA margin for the gaming segment at 24.4%, aiming for 30% margin goal eventually.
- - No specific guidance provided yet for full-year FY26 revenue or volumes.
Profitability & Margins
See what Nazara Technologies Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Nazara is working on reimagining Smaaash 2.0, with plans to develop new formats and experiences; a proof of concept (POC) is expected in about six months, with rapid expansion anticipated from FY27 onwards.
- Fusebox Games is investing in scaling multiple IPs, having launched Big Brother in May 2025 and planning new IP-based games early next year, supported by increased user acquisition spends primarily in Q1 FY26.
- Nodwin is executing a portfolio approach for IP incubation, maintaining 10-20 micro IPs under experimentation at any time, costing between INR 50,000 to INR 7-8 lacs each, aiming to develop IPs that justify further investment.
- Nazara acquired Curve Digital Entertainment for INR 247 crores in an all-cash deal, expanding platform diversification and investing in upcoming IP-led opportunities including Nintendo Switch 2 titles.
- General focus on disciplined capital deployment towards growth, IP ownership, and operational excellence to build a global gaming platform.
Top-ranked in Entertainment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Nazara Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Nazara Technologies Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹398 Cr, net profit ₹56 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Nazara Technologies Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Nazara Technologies Ltd Q1 FY26 results?
Main Growth Drivers for FY26:** - Animal Jam performing very well. Main growth drivers for FY26 topline include Animal Jam performing well, Funky Monkeys on a growth path, excitement about Fusebox, and Curve also expected to have a great year.
What is Nazara Technologies Ltd share price analysis?
Nazara Technologies Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹13,387 Cr. Investors should review the full earnings analysis for detailed insights.
Is Nazara Technologies Ltd planning capital expenditure?
Nazara is working on reimagining Smaaash 2.0, with plans to develop new formats and experiences; a proof of concept (POC) is expected in about six months, with rapid expansion anticipated from FY27 onwards.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.