15-Oct-2026 07:36:28

GROWWAcquisition and merger

MACQUARIE ON GROWW ; OUTPERFORM | TP ₹260

• Q2 was a steady quarter; investment thesis remains intact. • Slight quarterly beat was driven by MTF and credit. • Customer acquisition cost was lower due to absence of IPL-related spending. • Market share remained broadly flat across segments.

BILLIONBRAINS GARAGE VN L

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