Anand Rathi Wealth Ltd (ANANDRATHI) — concall transcript | 30 June 2026

Anand Rathi Wealth reported 21% YoY AUM growth to ₹1,06,300 crores, 18% YoY revenue growth (₹336 crores) and 24% YoY PAT growth (₹116 crores) in Q1 FY27, with 19 consecutive quarters of consistent results and 0.09% client attrition. Management highlighted strong client upgrades (10-20% quarterly), robust mutual fund flows and 2.47% net flow market share, while noting gold's 28% household savings share as a headwind. The company is targeting 4% market share and INR6 lakh crores AUM in 8-10 years, with plans to secure an AMC license and expand globally via its UK subsidiary, though it will not pursue investment banking or LRS immediately.