Nazara Technologies Reports 53% Revenue Growth To Rs 803 Crore In Q2 FY27

What happened

Nazara Technologies reported its highest-ever quarterly revenue of Rs 803 crore in Q2 FY27, up 53 per cent year-on-year. Gaming revenue rose 122 per cent to Rs 656 crore and made up 82 per cent of consolidated revenue.

Confirmed

Global impact / market context

Faster revenue growth than profit growth suggests costs are rising as Nazara absorbs acquisitions. Gaming now drives most sales, so the company's results depend heavily on how well that segment converts revenue into profit.

Analyst inference

Nazara's first-time consolidation of Bluetile and BestPlay adds revenue that was not in last year's base, so some of the headline jump reflects accounting rather than purely organic growth, which makes like-for-like comparisons harder.

Analyst inference

What to watch

1. Gaming segment revenue rose 122 per cent to Rs 656 crore and accounted for 82 per cent of consolidated revenue, showing how concentrated the business has become in its largest segment. Confirmed
2. Watch whether Bluetile and BestPlay, which generated Rs 329 crore in their first two months, keep growing now that they are fully included in Nazara's reported results. Proposed
3. Track whether expanding artificial intelligence across marketing, data and technology operations lowers costs enough to lift EBITDA margin above 14.9 per cent, which is profit before interest, tax, depreciation and amortisation divided by revenue. Analyst inference

Evidence

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