Billionbrains Garage Ventures

Billionbrains Garage Ventures reported a strong Q4 FY26, with equity derivatives market share expanding from 9.1% to 10.6%Current 10.6%. Reported change: +150bps QoQ. (up 150 bps QoQ) driven by increased customer engagement (17 lakhCurrent 17 lakh. Reported change: +21% QoQ. transacting customers vs 14 lakh prior quarter) and new product launches like commodities and MTF. The company highlighted its wealth management pivot via the Fisdom acquisition, though it remains early-stage. Management guided that cost-to-serve and cost-to-grow will grow slower than revenue, with margins expanding if revenue growth exceeds 15%Current reported value: 15%. No comparable prior figure is available in the source record.. AI investments are improving internal productivity and customer experience. Key risks include regulatory tightening on F&O speculation and macroeconomic headwinds from FII outflows and tariff uncertainty.