Billionbrains Garage Ventures Ltd (NSE:GROWW)
₹ 191.76 +4.32 (+2.3%) Market Cap: 1.19 Tn Enterprise Value: 1.16 Tn PE Ratio: 61.26 PB Ratio: 12.31 GF Score: 21/100

Q4 2026 Billionbrains Garage Ventures Ltd Earnings Call Transcript

Apr 20, 2026 / 10:30AM GMT
Release Date Price: ₹196.11 (-1.12%)

Key Points

Positve
  • Billionbrains Garage Ventures Ltd (NSE:GROWW) successfully launched new products such as commodities and bonds, expanding their product offerings.
  • The company experienced significant growth in its Assets Under Management (AUM), which grew 2.5 times over the past year.
  • Billionbrains Garage Ventures Ltd increased its market share in equity, mutual funds, and futures and options (FNO) segments.
  • The acquisition of Fisdom has allowed the company to enter the wealth management sector, introducing new products for affluent and high-net-worth individuals.
  • The company is leveraging AI to enhance customer experience and improve productivity, indicating a forward-thinking approach to technology integration.
Negative
  • The broking business faced challenges due to market corrections, impacting customer asset growth for cohorts starting in recent years.
  • There is uncertainty regarding the regulatory environment, particularly concerning speculation in options trading, which could affect retail traders.
  • The company has seen an increase in employee costs and depreciation, partly due to investments in new initiatives and the Fisdom acquisition.
  • The wealth management business is still in its early stages, and the company has not yet provided detailed insights into its performance or cross-selling opportunities.
  • There are concerns about the potential impact of regulatory changes on the settlement cycle, which could affect interest income.
Operator

Good afternoon, ladies and gentlemen. Welcome to Billionbrains Garage Ventures Limited, or Groww, Q4 FY 2026 earnings conference call. (Operator Instructions)

For today's call, from the management, we have Mr. Lalit Keshre, Co-founder and CEO; Mr. Harsh Jain, Co-founder and COO; Mr. Neeraj Singh, Co-founder and CTO; Mr. Ishan Bansal, Co-founder and CFO; Mr. Lalit Bhimani, Group Head, Finance; Mr. Kunalraj Singh Chhabra, Head, Investor Relations.

I now hand the call over to Kunal. Thank you, and over to you, sir.

Kunalraj Singh Chhabra
Billionbrains Garage Ventures Ltd - Head of Investor Relations

Thank you, Michelle. Good evening, everyone, and welcome to the call. Our results and shareholders' letter have been published on the exchanges as well as uploaded on the company's IR website.

Before we begin, I would like to remind all the attendees that some statements or comments made on the call today by the management may reflect the outlook or can be deemed as forward-looking, and hence may involve certain risks and are not subject

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