Nazara Technologies Ltd
Nazara Technologies Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Core gaming business targets 20-25% year-on-year revenue growth, focusing on sustainable and predictable expansion. Nazara aims to grow its core gaming business at a 20-25% year-on-year revenue growth.
From Nazara Technologies Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Core gaming business targets 20-25% year-on-year revenue growth, focusing on sustainable and predictable expansion.
- Mobile gaming is driving strong momentum with broad-based growth across key IPs like Love Island, Animal Jam, WCC, new IPs CATS and KOT.
- Nodwin aims to become a $1 billion revenue company in 5-7 years, focusing on youth media in emerging markets and expanding eSports globally.
- Offline gaming (Smaaash and Funky Monkeys) is scaling rapidly with store expansions planned (from 14 to 100 centers in next few years).
- Nazara Publishing focuses on building a large D2C consumer network, leveraging first-party data and cross-promotion to increase user base significantly.
- New initiatives with AI and data analytics to improve user acquisition efficiency and customer lifetime value, supporting growth.
- IP monetization and global platform reach (e.g., PC-console titles, global publishing partnerships) expected to drive growth.
- AdTech and Absolute Sports segments showing strong profitability and revenue growth, contributing to diversification.
Profitability & Margins
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Capital Expenditure Plans
- Nazara is strongly focused on building and acquiring profitable gaming IPs globally, leveraging AI for faster development and servicing of consumers.
- Investment in centers of excellence on user acquisition, AI, data analytics, and growth to create competitive advantage and operational efficiencies.
- Large project with Google completed to implement a unified Nazara ID for all published games, enabling better monetization, loyalty programs, and cross-promotion.
- Expansion of direct-to-consumer network targeting 50-100 million gamers in India.
- Nodwin plans further fundraising to accelerate its global eSports strategy in emerging markets.
- Continued investments in emerging technologies like virtual reality and immersive experiences (e.g., Animal Jam's launch on Roblox).
- Launch of WCC 4 cricket game developed entirely using AI tools, showcasing investment in tech-driven product innovation.
- Offline gaming venues (Smaaash, Funky Monkeys) are expanding with new centers and revamps scheduled.
- Overall approach emphasizes disciplined, profitable growth rather than growth-at-all-costs, with selective capital allocation to strategic areas.
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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 Q2 FY26 results?
Core gaming business targets 20-25% year-on-year revenue growth, focusing on sustainable and predictable expansion. Nazara aims to grow its core gaming business at a 20-25% year-on-year revenue growth.
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 strongly focused on building and acquiring profitable gaming IPs globally, leveraging AI for faster development and servicing of consumers.
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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.