FIIs and mutual funds improve stakes in Groww. Do you have to purchase, promote, or maintain?
The optimism can also be supported by Groww’s robust Q1FY27 efficiency. The corporate delivered a powerful Q1FY27 efficiency, with web revenue surging 94% year-on-year and income climbing 66%. Following the outcomes, a number of main brokerages maintained a optimistic view on the inventory, with some elevating their value targets.
With institutional possession rising and earnings momentum enhancing, the important thing query for buyers is — must you Purchase, Promote, or Maintain Groww shares?
Groww Q1FY27 Outcomes: Revenue almost doubles, Income jumps 66%
The corporate reported a 94.44% year-on-year soar in Q1FY27 web revenue to Rs 735 crore, in contrast with Rs 378 crore within the corresponding quarter final yr.
Groww’s income from operations additionally witnessed a pointy uptick, rising 66% to Rs 1,504 crore from Rs 904 crore within the corresponding quarter of the earlier monetary yr.
What are brokerages saying after the Q1FY27 outcomes?
International brokerage Jefferies has maintained a optimistic stance on Groww and assigned a goal value of Rs 250, indicating a possible upside of round 21%.In line with Jefferies, Groww is nicely positioned to learn from the structural shift in family financial savings from conventional fixed-income merchandise towards fairness and market-linked investments. The brokerage highlighted Groww’s product-agnostic platform, noting that growth into newer services might improve buyer engagement and enhance pockets share.
Jefferies has raised its FY27-FY29 earnings per share (EPS) estimates by 1-6%, with the revised goal value additionally reflecting a valuation roll-forward to September 2028. The brokerage famous that the inventory at present trades at round 45 occasions FY27 estimated earnings, with an anticipated three-year EPS compound annual progress price (CAGR) of about 30%.
JM Monetary has turned extra optimistic on Groww, upgrading its score from Promote to Purchase and rising the goal value to Rs 250 from Rs 170. The brokerage stated its confidence in Groww’s progress outlook has improved after the corporate delivered a resilient efficiency regardless of a slowdown in retail buying and selling exercise in contrast with the earlier quarter’s peak.
JM Monetary highlighted enhancing operational effectivity, with Groww’s cost-to-income ratio declining by 3 share factors quarter-on-quarter to 36%. The brokerage has raised its FY27, FY28, and FY29 EPS estimates by 4%, 6%, and 11%, respectively. It now values Groww at a 50% premium to Angel One, in contrast with 20% earlier, citing stronger earnings progress, higher margins, and a bigger buyer asset base.
Motilal Oswal has additionally retained its Purchase score on Groww with a revised goal value of Rs 250. The brokerage expects Groww’s broking order volumes to develop by greater than 20% throughout FY27 and FY28, supported by continued market share positive aspects and enhancing income per order. It believes further progress drivers might come from companies corresponding to Margin Buying and selling Facility (MTF), Mortgage In opposition to Securities (LAS), and wealth administration companies.
Motilal Oswal has elevated its earnings estimates by 1% for FY27 and three% for FY28, factoring in improved working effectivity. The revised goal value is predicated on a valuation of 38 occasions FY28 estimated EPS.
The rise in institutional possession, robust buyer progress, enhancing operational effectivity, and optimistic brokerage commentary point out rising confidence in Groww’s long-term story.
For long-term buyers, Groww’s increasing ecosystem, rising retail participation in equities, and institutional backing stay key positives. Brief-term buyers might have to observe valuation consolation and market volatility earlier than taking contemporary positions.
Groww shares doubled investor wealth since itemizing
Billionbrains Storage Ventures made its inventory market debut on November 12, 2025, itemizing on each the NSE and BSE. The corporate’s IPO was priced at Rs 100 per share, whereas the inventory opened at a list value of Rs 112 per share. Since then, the inventory has delivered robust returns. At present buying and selling round Rs 203 per share, Groww has greater than doubled investor wealth from its situation value in nearly eight months.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Instances)
