DevInc42about 3 hours ago
Zerodha's Diversification Clock Is Ticking
7 min read
Zerodha's brokerage revenue fell 10.4% to ₹2,738 Cr in FY26, while profit rose to ₹4,283 Cr. Nearly 40% of Q1 FY27 gross revenue came from non-brokerage businesses. MTF book reached ₹9,000 Cr, generating ₹448 Cr in FY26, up from ₹22 Cr. Groww added 70,119 clients in July, reaching 13.12 Mn, while Zerodha lost 38,725 clients.
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