Zaggle's strong revenue projections reflected in a surging market.
Shares of Zaggle (BSE: 543932) surged as much as 19.2% to ₹223, before closing 16% higher at ₹217.1, giving the company a market capitalization of ₹2,919.09 Cr (approximately $320 Mn).
The rally followed the company’s projections of a 25-30% standalone revenue growth and approximately 40% consolidated revenue growth for FY27, citing robust business momentum across its segments. Zaggle emphasized optimizing working capital cycles, driving revenue growth through new customer acquisition and cross-selling, and expanding its margin profile using operating leverage and AI-driven efficiency.
In Q3 FY26, Zaggle reported a net profit of ₹37.1 Cr, up 88% from ₹19.7 Cr year-over-year, and a 6% sequential increase from ₹35 Cr. Operating revenue increased 56% YoY and 22% QoQ to ₹525.6 Cr. Total income, including other income of ₹8.7 Cr, stood at ₹534.2 Cr.
Zaggle also recently completed the acquisition of fintech startup Rio.Money.
Despite today’s gains, Zaggle’s shares have crashed 36% year-to-date amid broader market volatility. Today, the Sensex gained 1.65% to close at 73,134.32, while the Nifty 50 rose 1.56% to end at 22,679.40.
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