Nazara reports ₹82.5 crore Q1 loss; Nitish Mittersain to step down as CEO
Nazara Technologies swung from a ₹51.3 crore profit a year earlier to an ₹82.5 crore Q1 FY27 loss as revenue fell 14% to ₹428.8 crore. Founder Nitish Mittersain will become managing director from September 1, with Raymond Stauffer taking over as CEO.
Nazara reported a ₹82.47 crore Q1 FY27 loss and 14% revenue decline, while comparable revenue excluding deconsolidated NODWIN rose about 9%. Founder Nitish Mittersain will become managing director as Raymond Stauffer becomes CEO; Nazara also expanded its Bluetile/BestPlay acquisition.
Why this matters
The result follows recent Nazara signals reporting an ₹82.5 crore Q1 loss, a 14% revenue decline and Raymond Albaladejo Stauffer's appointment as CEO.
Leadership is steady, with 1,019 signals in the past 90 days; no QoQ change was provided.