Groww (Billionbrains) maintains strong market share but faces rising 'cost to serve' due to AI investments and platform technicalities. Management is pivoting toward wealth management and credit (MTF, loans) to diversify from volatile brokerage fees.
Groww reported strong performance for Q2 FY27 with Total Income at ₹1,541 Cr (+44% YoY) and PAT at ₹725 Cr (+54% YoY). Strategy focuses on scaling MTF, Commodity Derivatives, and Wealth offerings.
Groww reported strong Q1 FY27 results with consolidated Total Income of ₹1,549 Cr and PAT of ₹735 Cr, driven by product expansion and operating leverage.
Billionbrains Garage Ventures (Groww) reported strong Q4 FY26 performance with Consolidated Total Income of ₹15,355 Mn and PAT of ₹6,864 Mn. Strategy focuses on deepening product attach rates across stocks and mutual funds.