Stockbroking business is slowing down, says Nithin Kamath
The Zerodha cofounder attributes reduced market activity for the stockbroking business witnessing a 10-20% decline this year. Nithin Kamath expects the stockbroking business to see a 10-20% decline this year following lower market activity in the first quarter. Despite the slowdown, he expects Zerodha to cross Rs 10,000 crore in revenue in FY26. Zerodha reported a revenue of Rs 8,320 crore and a profit of Rs 4,700 crore in FY24, a 21% increase on the previous year. Kamath also reiterated that Zerodha is not considering listing on stock exchanges.
