Zerodha CEO Nithin Kamath Predicts 10-20% Drop in Broking Business, Rules Out IPO!

Zerodha CEO Nithin Kamath has stated that the company expects a 10-20% decline in its broking business due to slower market activity in Q1 FY26. Despite the downturn, Kamath remains optimistic, aiming for ₹10,000 crore in revenue by FY26 without altering brokerage rates.

🔴 Key Highlights:

  • Market slowdown is impacting trading volumes, leading to an expected drop in broking revenue.
  • Zerodha will not raise brokerage fees, maintaining its low-cost model.
  • IPO ruled out—Kamath says the company has enough cash and does not need public funding.

📢 Kamath’s Vision for Zerodha:

  • The company aims to transition into a full-fledged financial services conglomerate in the next decade.
  • Plans include entering the banking sector after acquiring a banking license.
  • Kamath will represent India at the EY World Entrepreneur Of The Year Awards in Monte Carlo.

⚠️ Market Impact & Future Outlook:

  • Zerodha remains India’s largest stock brokerage, focusing on long-term growth rather than short-term market fluctuations.
  • The company continues to expand its product offerings, resisting pressure to raise capital or list publicly.

👉 What do you think of Zerodha’s strategy? Let us know in the comments!
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