NORTHARC Q2 FY27 Guidance vs Delivery (NORTHARC Management Mirror)

Sep'26 Qtr D2C Share Reaches 66%, Exceeding 65% Guided in Mar'26 Qtr

In Sep'26 Qtr, Northern Arc reported a 34% YoY expansion in consolidated AUM to INR 19,003 crores, with the Direct-to-Customer (D2C) portfolio reaching INR 12,502 crores or 66% of total AUM. This D2C mix exceeded the 65% target guided initially in the Mar'26 Qtr concall. Against the earlier overall FY27 AUM growth guidance of 22% to 25% issued in Mar'26 Qtr and slightly tweaked to 22% to 23% in Jun'26 Qtr, management in Sep'26 Qtr reaffirmed the full-year FY27 AUM growth guidance at 23% to 25%, noting internal endeavors to achieve upward of 25%. Looking ahead, management expects the D2C mix to expand further to approximately 70% by year-end.