One of Nikhil Kamath’s portfolio stocks has transformed India’s gaming industry by offering a diverse range of mobile games, esports platforms, and sports media solutions, catering to the evolving preferences of gamers and sports enthusiasts. The stock has jumped 3.88 percent after partnering with Banijay Rights to develop the Bigg Boss Interactive Fiction Game.
Stock Price Movement
In Wednesday’s trading session, Nazara Technologies Limited’s share jumped to an intraday high of 3.88 percent from the previous close of Rs. 903.10. The stock opened at Rs. 910 and is currently trading at Rs. 930.45, with a high of Rs. 938.10 and a low of Rs. 882.90. The market capitalization now stands at approximately Rs. 7,109.57 crore.
What Happened
Nazara Technologies Limited’s subsidiary, Fusebox Games, has partnered with Banijay Rights, the distribution arm of Banijay Entertainment, to develop the first-ever Bigg Boss Interactive Fiction Game.
This collaboration brings India’s iconic reality show, Bigg Boss, into the interactive gaming space, offering fans a personalized, immersive experience. Scheduled for release in 2025, the game will feature avatars, branching storylines, and live in-game events synchronized with the TV show, catering to India’s diverse audience with localized content.
Strategic Acquisitions in 2024
Nazara Technologies Limited operates in the gaming, esports, and ad-tech sectors. In FY24, the gaming segment contributed ₹406.5 crore (36% of total revenue) with an EBITDA margin of 19.9%. The esports segment, the largest contributor, generated ₹631.7 crore (55% of revenue) with a 10% margin. The ad-tech segment brought in ₹103.8 crore (9% of revenue) and maintained an EBITDA margin of 8%.
In H1 FY25, the gaming segment again contributed 36% of total revenue, while esports accounted for 57%. The ad-tech segment experienced a 7% year-on-year growth by focusing on higher-margin opportunities.
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Future Growth Initiatives
The company plans to launch new IP partnerships for Kiddopia, expecting to see benefits by Q1 FY26. It will focus on enhancing products and expanding into new regions to boost user engagement and revenue.
Nazara also plans to launch Fusebox’s Big Brother game in Q1 FY26, with monetization anticipated in Q2 or Q3 FY26.
Recent Quarter Results
Nazara Technologies Limited increased its revenue from Rs. 297 crore in Q2 FY24 to Rs. 319 crore in Q2 FY25, a 7.41% rise. However, its net profit decreased by 33.33%, dropping from Rs. 24 crore in Q2 FY24 to Rs. 16 crore in Q2 FY25.
Company Overview
Nazara Technologies Limited was founded in 1999 by Nitish Mittersain and is headquartered in Mumbai. The company leads the gaming and sports media platform industry. It operates across India, Africa, and North America, focusing on gaming, eSports, ad tech, and gamified early learning.
Written By – Nikhil Naik
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