Nazara Tech slips into ₹82.5 cr loss in Q1; Nitish Mittersain steps down as CEO

Nazara Technologies reported a consolidated net loss of ₹82.47 crore for the first quarter ended June 30. Revenue fell 14 per cent to ₹428.77 crore. Founder Nitish Mittersain said, "I believe this is the right time to strengthen its leadership structure." He steps down as CEO, effective September 1, 2026.