Groww reports 54% profit jump and expands market share

Billionbrains Garage Ventures, the parent company of the wealth-tech platform Groww, reported a 54% increase in consolidated net profit for the September quarter of FY27, reaching ₹725 crore. Revenue for the same period rose 44% year-on-year to ₹1,541 crore.

Groww’s growth was supported by expansion into commodities and wealth management. Its commodities revenue contribution rose to 6.2% from 0.2% in the previous year, and its Asset Management Company saw assets under management (AUM) grow 145% year-on-year to ₹7,179 crore. The company’s transacting user base grew 27% to 2.4 crore.

In the broader Indian stockbroking market, Groww strengthened its leadership position. As of September, Groww’s active client base reached 1.34 crore, representing a 29.16% market share. Meanwhile, competition intensified between other major players; Angel One added active clients to reach 67.56 lakh, narrowing the gap with Zerodha, which saw a marginal decline in its active client base.