ICICI Prudential Asset Management Company Limited Earnings Summary — Q4 FY2026

• ICICI Prudential AMC maintained the 2nd highest market share in the MF industry at 13.5%, with a dominant 26.7% share in Equity Hybrid schemes.
• Quarterly revenue from operations grew 19.5% YoY to INR 15.2 billion, supported by a healthy revenue yield of 0.52%.
• Net Sales for equity schemes remained resilient at INR 1,048.87 billion, showing strong investor retention despite market volatility.
• Systematic transaction inflows (SIP/STP) showed a significant upward trend, reaching INR 51.04 billion by March 26 compared to INR 39.06 billion a year ago.
• Operational efficiency improved with operating profit reaching INR 11.3 billion for the quarter, a 2% increase on a sequential basis.
• The company expanded its international footprint by establishing a dedicated office in DIFC, Dubai and launching products in GIFT City IFSC.
• Unique customer count reached 17.0 million, marking a 5.0% growth over the previous quarter.
• The AUM mix remains high in equity-oriented products, providing better yield predictability and supporting a Return on Equity (ROE) of 17%.

Management emphasizes a 'Customer First' philosophy and a focus on low-risk growth for shareholders. Strategic priorities include scaling the alternates business (PMS, AIF) and tapping into the Gulf region via the new DIFC office.

Improving

The firm exhibits strong operating leverage as revenue growth (23.1% for FY26) significantly outpaces expense growth (10.2%), coupled with steady market share gains in high-yield equity segments.

The outlook is robust given the increasing penetration of unique mutual fund investors in India and the company's strong digital stack. The launch of specialized investment funds in GIFT City (iSIF) and growth in the Alternates segment (INR 291.34 billion AUM) provide additional growth runways beyond traditional mutual funds.