SynopsisGroww widened its lead in active clients and grew faster in FY26, but Zerodha remained nearly twice as large in revenue and profits. As retail trading cooled, Groww is adding products and going upmarket to monetise its larger user base, while Zerodha is protecting its mature profit pool and diversifying beyond broking.While publicly listed Groww widened its lead in active clients and grew faster in FY26, its bootstrapped rival Zerodha remained nearly twice as large both in revenue and profits.Groww’s operating revenue rose 19% to Rs 4,644 crore and net profit grew 14% to Rs 2,083 crore. Zerodha’s revenue was flat at about Rs 8,800 crore, while profit edged up 1.2% to Rs 4,283 crore.Announcing its FY26 results on Wednesday, Zerodha founder Nithin Kamath saidNow Playing
ETtech Explainer: Groww vs Zerodha — one wins the customer race, the other the earnings battle - The Economic Times
Groww widened its lead in active clients and grew faster in FY26, but Zerodha remained nearly twice as large in revenue and profits. As retail trading cooled, Groww is adding products and going upmarket to monetise its larger user base, while Zerodha is protecting its mature profit pool and diversifying beyond broking.
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