Paytm’s Q1 growth and margin gains spur brokerage target-price upgrades
Paytm reported Q1 FY27 revenue of ₹24.5 billion, up 28% year on year, and net profit of ₹2.2 billion. EBITDA margin reached 8.3% as GMV rose 31% to ₹7.1 trillion; brokerages lifted targets to ₹1,300–₹1,720.
Paytm’s strong Q1 FY27 growth, expanding EBITDA margins and financial-services momentum prompted major brokerages to raise targets. Merchant GMV, device deployment and user activity increased, while management targets 15-20% EBITDA margins over the next two to three years.
Why this matters
The results follow Paytm’s plan for roughly 50,000 retail outlets and its push into merchant AI SaaS and a wallet licence as financial-services revenue rises.
Retail-company signals are accelerating, up +1084200% quarter on quarter.