Muthoot Finance plans 500–600 new branches in FY27 despite Q1 share-price slide
Muthoot Finance plans to add 500–600 group branches in FY27, targeting underpenetrated markets as it expands secured lending. The announcement followed a softer June quarter, with shares falling 11.31% amid margin compression and a profit miss.
Muthoot Finance shares dropped after softer June-quarter results, pressured by lower gold prices and margin compression. The gold-loan lender plans 500-600 new group branches in FY27, focused on underpenetrated markets, while expanding secured lending through subsidiaries.
Why this matters
The FY27 rollout extends Muthoot Finance's recent guidance for 15% annual gold-loan growth and its stated plan to expand branches as gold-loan demand supports growth.
Store-opening is steady, with 1,690 signals in the past 90 days; no QoQ comparison was provided.