Nazara FY26 EBITDA Jumps 66% With Gaming Fueling 90% of Profits and Margins Near Doubling

EBITDA nearly doubled as gaming became 90% fuel

Nazara Technologies’ FY26 delivered a sharp turnaround: revenue rose 13% to INR 1,829 cr and EBITDA surged 66% to INR 255 cr. Q4FY26 EBITDA margin nearly doubled to 19.5%. Operating cash flow jumped 81% to INR 213 cr, while gaming’s share of EBITDA climbed from 56% to 90% as the company leaned into higher-margin core IP and global expansion.