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Groww posts ₹2,083 Cr profit in FY26

By Startup Enthusiast · 28 August 2026

What they do

Groww is a super app for mutual funds, stocks, and wealth management

FY26 operating revenue rose 19% to ₹4,644.6 Cr, net profit up 14% to ₹2,083 Cr

Groww's profit gap with Zerodha narrowed from 2.3x to 2.1x in FY26

Groww reported FY26 operating revenue of ₹4,644.6 Cr, up 19% from the previous year.
Its net profit for FY26 was ₹2,083 Cr, a 14% increase.
The company's active broking clients stood at 1.31 Cr.
Groww's market capitalisation is about ₹1.24 Lakh Cr (~$14 Bn).
In Q1 FY27, operating revenue reached ₹1,501.4 Cr, annualising to about ₹6,000 Cr.
Stocks and equity derivatives contributed 68.4% of total income in Q1 FY27, down from 75.7% a year earlier.
Groww discontinued fixed deposits and US stock-investing products, and is preparing to relaunch US stocks via GIFT City.
It launched W in June 2025 for affluent/HNI investors and piloted MF Prime in January 2026 for personalised mutual fund guidance.

Groww's profit gap with Zerodha narrowed: Zerodha's FY26 net profit was ₹4,283 Cr (up 1.2%), revenue ~₹8,847 Cr.
Zerodha's revenue was 1.9x Groww's and profit 2.1x Groww's in FY26, compared to 2.3x a year earlier.
Groww's first profitable year was FY21 with a net profit of ₹2.72 Cr.
A one-time US tax expense of ₹1,339.7 Cr in FY24 caused a net loss of ₹805 Cr, but the company returned to profitability in FY25.
Motilal Oswal projects FY28 revenue of ~₹7,980 Cr, with broking contributing 67% of revenue.

Groww started in 2017 as a mutual funds app and evolved into a super app for investment and wealth management.
It received its broking licence in March 2020 and entered stockbroking in June 2020.
Revenue comes from brokerage/transaction fees, interest/fees from MTF and credit, and commissions/distribution income from financial products.
Products include stocks, ETFs, IPOs, MTF, F&O, commodities, mutual funds, bonds, credit, API trading, and more.
It claims to be India's #1 Investing Platform, trusted by 2 Cr+ active investors and 130,834,586+ Indians.
Groww expanded into equity and commodity derivatives, MTF, intraday, API trading, personal loans, and loans against securities between 2020 and 2026.
It acquired Indiabulls AMC for ₹175.6 Cr in 2023 and Fisdom for ₹961.05 Cr in 2025.

Motilal Oswal projects FY28 revenue of ~₹7,980 Cr with broking at 67% of revenue.
Groww is preparing to relaunch US stocks via GIFT City.