Groww (Billionbrains Garage Ventures) officially announced that its total customer assets crossed the ₹3 lakh crore (₹3 trillion) milestone in the fourth quarter ended March 31, 2026 (Q4 FY26).
The company’s shareholder letter, released on April 20, 2026, highlighted that while asset values were impacted by broader market volatility during the quarter, the platform saw a 36% year-on-year (YoY) increase in total assets.
1. Q4 FY26 Asset & User Metrics
The ₹3 lakh crore milestone was achieved despite a slight sequential (QoQ) decline, primarily due to market movements (Mark-to-Market) rather than a lack of investor activity.
| Metric | Q4 FY26 Value | YoY Change | QoQ Change |
| Total Customer Assets | ₹3.0 Trillion | +36% | -1.1% |
| Net New Inflows | ₹25,000 Crore | — | — |
| Transacting Users | 21.6 Million | +25% | +6% |
| Active Users | 16.7 Million | +19.9% | +4.7% |
- Mark-to-Market Impact: While users added ₹25,000 crore in net new capital during Q4, the overall asset value dipped by about ₹3,300 crore (1.1%) sequentially because of the broader decline in Indian market indices (Nifty/Sensex) during the quarter.
- SIP Resilience: Monthly SIP inflows reached ₹3,177 crore, reflecting continued retail investor discipline despite market corrections.
2. Market Share & Product Adoption
Groww has successfully diversified its revenue base by encouraging users to adopt multiple financial products.
- Mutual Funds: Market share rose to 14% (up from 12.3% last year).
- Stock Broking: Maintained a dominant 15.7% market share.
- Product “Attach” Rates: * 72% of active users are engaged in Stocks.
- 60% of active users are in Mutual Funds.
- 10% of active users are in Equity Derivatives (F&O).
3. Financial Performance Summary
The asset milestone was accompanied by a massive surge in profitability as the company leveraged its scaled infrastructure.
- Revenue from Operations: ₹1,505 crore (+88% YoY).
- Net Profit (PAT): ₹686 crore (+122% YoY).
- EBITDA Margin: Reached a record 62.4%, as revenue growth significantly outpaced fixed operating costs.
4. Future Focus: Lending and Credit
With ₹3 trillion in customer assets providing a massive data advantage, Groww is now pivoting toward its lending business, Groww Creditserv.
- Loan Book: The consolidated loan portfolio stood at ₹3,510 crore as of March 31, 2026, up from ₹1,055 crore a year ago.
- Strategy: The company plans to deploy its healthy profits and recent IPO proceeds to scale its Margin Trading Facility (MTF) and consumer credit offerings.
