• Event Type: This was a post-results earnings conference call for Q2 FY27 & H1 FY27 results, hosted by PL Capital.
  • Date and Time: The call was held on October 27, 2026. A specific time and time zone were not disclosed in the transcript.
  • Purpose: The stated purpose was to discuss the company's financial and operational performance for the second quarter and first half of the fiscal year 2027.
  • Management Participants: The following management members participated:
  • Mr. Raymond Stauffer – Chief Executive Officer
  • Mr. Mithun Sacheti – Executive Director
  • Mr. Arun Agarwal – Chief Financial Officer
  • Ms. Anupriya Sinha Das – Head of Corporate Development
  • Availability of Materials: The audio recording was intimated on October 27, 2026, and the full transcript of the call was submitted to the exchanges on October 30, 2026. The transcript is available on the company's website at www.nazara.com.
  • UPSI Statement: The document is a transcript of the call and does not contain a separate compliance statement regarding Unpublished Price Sensitive Information (UPSI).

Financial Highlights & Strategic Themes (As Disclosed)

  • Financial Period Discussed: Q2 FY27 (Quarter ended September 2026) and H1 FY27 (Six months ended September 2026).
  • Consolidated Performance (Q2 FY27):
  • Revenue: INR 803 crores (up 53% YoY)
  • EBITDA: INR 120 crores (up 93% YoY)
  • EBITDA Margin: 14.9% (expanded 311 bps)
  • Profit After Tax (from continuing operations): INR 35 crores (vs. loss of INR 34 crores in Q2 FY26)
  • Consolidated Performance (H1 FY27):
  • Revenue: INR 1,232 crores (up 20% YoY)
  • EBITDA: INR 166 crores (up 52% YoY)
  • Segment-wise Performance (Q2 FY27):
  • Gaming Segment (82% of revenue): Revenue grew 122% YoY to INR 656 Cr. EBITDA grew 114% to INR 141 Cr (21.5% margin).
  • Mobile Gaming (incl. Bluetile & BestPlay): Revenue grew 167% YoY to INR 550 Cr. EBITDA up 151% to INR 103 Cr.
  • Bluetile & BestPlay: Contributed INR 329 Cr in revenue in their first two months (Aug-Sep 2026), up 49%. EBITDA was INR 64 Cr, up 64%. The leadership team holds a 5.8% stake in Nazara.
  • Organic Growth (ex-Bluetile & BestPlay): Revenue up 11%, EBITDA up 17%.
  • Kiddopia: Revenue grew 21% YoY. Subscribers rose 5%; ARPU grew 8% to $7.94. EBITDA declined due to increased user acquisition spend.
  • WildWorks: Revenue grew 41% and EBITDA 39% YoY driven by new Animal Jam content.
  • Fusebox: Revenue fell 4% YoY on lower organic installs; EBITDA grew 7%. Launched "The Traitors" and a new "Big Brother" season. "Love Island" was the #1 free role-playing game on the U.S. App Store in July.
  • PC & Consoles (Curve): Revenue grew 27% YoY to INR 77 Cr. EBITDA grew 61% to INR 30 Cr (margin expanded to 38.9%). "Human: Fall Flat" surpassed 60 million players.
  • Offline Gaming: EBITDA grew 29% to INR 8 Cr on flat revenue of INR 29 Cr. Funky Monkeys opened 10 new stores in the last 12 months.
  • Other Businesses:
  • AdTech (Datawrkz): Revenue of INR 124 Cr, EBITDA of INR 0.8 Cr. Expects a temporary dip in H2.
  • Absolute Sports: Revenue of INR 23 Cr, adjusted EBITDA of INR 1.7 Cr.
  • Strategic Update:
  • A new central platform strategy was unveiled, creating AI-powered Centers of Excellence (COEs) from Bluetile's capabilities in Marketing, Data, Products, and Technology.
  • The Marketing COE produced over 290 ad creatives for 3 studios in a single month.
  • The focus is on "qualitative growth"—enhancing organic capabilities while being open to inorganic opportunities that fit the gaming thesis.
  • The leadership transition is complete with the appointment of the new CEO and CFO.

Additional Notes Section

  • Attachments: The document is the transcript itself, enclosed with the submission letter to the exchanges.
  • Financial Data: Extensive financial data for the quarter and half-year was disclosed and discussed during the call, as detailed above.
  • Tagging:

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