Nazara posts ₹82.5 crore Q1 loss as founder Nitish Mittersain exits CEO role
Nazara Technologies reported Q1 FY27 revenue of ₹428.8 crore, down 14% year on year amid NODWIN Gaming’s deconsolidation. The company also revised its Bluetile Games and BestPlay Systems acquisition to a $303.02 million full buyout. Mittersain steps down as CEO on September 1, 2026.
Nazara posted a ₹82.47 crore Q1 FY27 loss as revenue fell 14%, largely following NODWIN’s deconsolidation. Founder Nitish Mittersain will step down as CEO, while Nazara revised its Bluetile and BestPlay acquisition to a full $303.02 million buyout.
Why this matters
Nazara’s latest result follows recent signals on its ₹82.47 crore Q1 loss and Raymond Albaladejo Stauffer’s appointment as CEO, alongside a separate report on the 14% revenue decline.
Leadership is steady, with 1,015 signals in the past 90 days; no QoQ comparison was provided.