Anand Rathi Wealths Long-Term Growth Triggers and FY24 Revenue Guidance

Anand Rathi Wealth aims for 20-25% growth in the next few years

Anand Rathi Wealth achieved a 34% YoY growth in Q1 revenue, primarily driven by the efforts of their strong team.
The market’s positive return helped Anand Rathi Wealth earn more trail revenue as it is linked to the market value of assets.
The growth of investments by HNIs and family offices in India is expected to double, creating a significant market opportunity.
Indian households are saving well, but the proportion of low returns assets is high. Equity mutual funds account for just 6.7% of total financial assets.
The phygital model, a combination of physical and digital, has received an encouraging response. It is a cost-effective proposition and has the potential to become a big business in the long term.
The key growth triggers for Anand Rathi Wealth in the next five years include penetrating existing client families, adding new clients through relationship managers, adding new relationship managers, and increasing AUM through return on investment.
Anand Rathi Wealth has given a revenue guidance of Rs. 661 crore and a PAT guidance of Rs. 205 crore for FY24.

Hot Take:

Anand Rathi Wealth’s strong growth in Q1 revenue and their long-term growth objectives highlight their potential in the wealth management industry. With the expected growth of investments by HNIs and the adoption of the phygital model, Anand Rathi Wealth is well-positioned to capitalize on the evolving market trends. By focusing on expanding their client base, increasing AUM, and delivering strong financial results, Anand Rathi Wealth is set to achieve their growth targets in the coming years.