Analysis published 16 May 2026
AI-generated · cited to primary sources · not investment advice
Nuvama Wealth (543988) Jun 2025 Filing Analysis
03 · Future Growth
Where does growth come from?
Per-Client Revenue Generation
Capacity building is accelerating with 350 RMs added in the last 18 months. Management plans to continue this investment despite short-term pressure on cost-to-income ratios, targeting a 10-15% annual increase in RM count. (1 accelerating, 1 decelerating, 3 steady across 5 signals)
“the fixed cost has gone up because we have added around 350 odd RMs over the last 18 months... our endeavour is to increase around 10% to 15% the RM count”
Nuvama Wealth · Concall Transcript · Jun 2025 · p.7
See the full cited Future Growth analysis of Nuvama Wealth
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