Groww's Q1 profit hit ₹735 crore, up 94% YoY, as revenue rose 66%. The platform now leads retail commodity derivatives with 28.6% market share, displacing Angel One. SIP inflows grew 32%, double the industry rate.
Investment platform Groww posted a 94.4% jump in profit after tax to ₹735 crore for the first quarter of FY27, from ₹378 crore a year earlier. Revenue from operations rose 66% to ₹1,501 crore, the company said in its quarterly filing.
The bottom line was helped by operating leverage across cost buckets and rising contributions from newer products including margin trade financing and commodity derivatives. Total income, which includes other income, climbed 63.3% to ₹1,549 crore.
Groww has taken the lead in retail commodity derivatives less than a year after launching the segment. Its market share stands at 28.6%, with notional average daily turnover of ₹2.43 lakh crore across the Multi Commodity Exchange and the National Stock Exchange. That displaces Angel One, which held ₹2.36 lakh crore in notional ADTO across MCX, NCDEX and NSE.
User growth in commodities has been rapid. The platform had 27,000 commodity users in Q2 FY26. By end-June 2026, that number had swelled to over 4.35 lakh – a 16-fold jump in three quarters.
Across the broader platform, total transacting users rose 24% year-on-year to 2.2 crore. Customer assets increased 38% to ₹3.6 lakh crore. Net inflows during the quarter were ₹23,000 crore. Groww added 115,000 net clients, driven by higher retention and product quality, the company said, even as the industry saw a slowdown in client additions.
In mutual funds, Groww remains the largest distribution platform for direct plans in India, with ₹1.9 lakh crore in assets under management. Systematic investment plan inflows grew 32% year-on-year to ₹13,229 crore, double the industry's 16% growth rate.
Groww's own asset management company has also scaled. Its AUM rose 140% over the past year to ₹5,491 crore. The company has received approval from the Securities and Exchange Board of India and the Competition Commission of India for a strategic investment by State Street Global Advisors into Groww AMC.
Shares of Groww closed at ₹216.40 on the BSE, up 6.16%.
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