The optimism can be supported by Groww’s sturdy Q1FY27 efficiency. The corporate delivered a robust Q1FY27 efficiency, with internet 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 worth targets.
With institutional possession rising and earnings momentum bettering, the important thing query for buyers is — must you Purchase, Promote, or Maintain Groww shares?
Groww Q1FY27 Outcomes: Revenue practically doubles, Income jumps 66%
The corporate reported a 94.44% year-on-year leap in Q1FY27 internet 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 worth of Rs 250, indicating a possible upside of round 21%.In keeping with Jefferies, Groww is properly positioned to profit 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 may 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 worth 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 development charge (CAGR) of about 30%.
JM Monetary has turned extra optimistic on Groww, upgrading its ranking from Promote to Purchase and growing the goal worth to Rs 250 from Rs 170. The brokerage stated its confidence in Groww’s development 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 bettering operational effectivity, with Groww’s cost-to-income ratio declining by 3 proportion 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 development, higher margins, and a bigger buyer asset base.
Motilal Oswal has additionally retained its Purchase ranking on Groww with a revised goal worth 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 features and bettering income per order. It believes further development drivers may come from companies reminiscent of Margin Buying and selling Facility (MTF), Mortgage Towards 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 worth relies on a valuation of 38 occasions FY28 estimated EPS.
The rise in institutional possession, sturdy buyer development, bettering 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. Quick-term buyers may 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 an inventory worth of Rs 112 per share. Since then, the inventory has delivered sturdy returns. At present buying and selling round Rs 203 per share, Groww has greater than doubled investor wealth from its problem worth in nearly eight months.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)
