Nazara Q1 loss widens; CEO Mittersain steps down, new CEO appointed

CEO resignedExternal CEO appointedManagement Changes View source PDF Explain this filing

NAZARA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.0%Reaction day

₹339.00

prior close

₹335.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.4%+2.6% vs market

Entertainment peers, median of 51sector · industry level+0.0%+3.0% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 3.0 pts more than its Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.0

10m

+0.2

15m

-0.4

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.0+0.4+2.6+0.0+3.0

Next day

+2.4+1.7+0.7-0.3+2.8

+4.0+2.1+1.9-0.2+4.2

+3.7+2.1+1.6-0.4+4.1

+5.0+2.1+2.9-1.2+6.2

+5.0+1.9+3.1-1.7+6.7

+5.0+2.4+2.6-0.6+5.6

15d

+5.4+3.0+2.4-3.0+8.5

+8.9+3.7+5.2-2.6+11.5

+13.3+1.6+11.7-6.4+19.7

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UpDownMarket · Nifty Microcap 250Sector · Entertainment peers, median of 51Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q1 FY27 consolidated revenue at Rs 428.77 cr; loss before tax of Rs 80.23 cr versus Rs 42.46 cr profit a year ago. Founder Nitish Mittersain resigns as CEO from Sept 1, 2026 but continues as Managing Director. Raymond Albaladejo Stauffer named new CEO subject to approvals. Independent director Arun Gupta also resigned citing time constraints. Board approved Rs 9.9 cr further investment in Funky Monkeys, Rs 24 cr unsecured loan to wholly-owned Smaaash, and revised commercial terms for Bluetile and Bestplay acquisition with no stock consideration. Founders Collective Fund converted 9 lakh warrants into equity.

Likely market impact

Leadership change at the top may bring short-term uncertainty; Q1 loss widened on associate share of losses. Capital moves signal portfolio reshuffle.