ICICI Prudential AMC shares declined as much as 4.41% to hit an intraday low of ₹3,205.70 on the National Stock Exchange (NSE) on Wednesday, April 15, despite reporting strong Q4 FY26 results. The stock was trading 4.21% higher at ₹3,212.40 per equity share at around 11:06 AM, showing volatility in early trading. According to Upstox, the scrip has gained 3% in the past week and about 11.5% over the month, while on a year-to-date basis, it has advanced 22%. The stock touched a 52-week high of ₹3,430 on April 10, 2026, but reached a year's low of ₹2,530 per unit on December 22, 2025. The company has a total market capitalisation of ₹1.59 lakh crore as of April 15, 2026.
ICICI Prudential AMC delivered strong annual performance with Q4 net profit jumping 10.37% YoY to ₹763.42 crore from ₹691.71 crore in the same quarter last year. Revenue from operations grew by 19.53% YoY to ₹1,517.01 crore for the March quarter of FY26, compared with ₹1,269.19 crore in Q4 FY25. However, on a sequential basis, profit slumped 16.76% sequentially from ₹917.09 crore in the December quarter of the current fiscal year, mainly due to lower total income despite operating costs remaining under control. The company's revenue from operations remained flat on a sequential basis, rising 0.15% from ₹1,514.67 crore in Q3 FY26. The company recorded 1.7 crore unique customers as of March 31, 2026, compared to 1.46 crore in the year-ago period.
ICICI Prudential AMC demonstrated strong business expansion with a customer base of 1.7 crore investors and monthly systematic transactions rising to ₹51.04 billion in March 2026, compared to ₹39.06 billion in the same month of 2025. According to Upstox, its mutual fund quarterly average assets under management (QAAUM) stood at ₹11,047.87 billion for the March quarter of FY26, with a market share of 13.5%, compared with ₹8,794.12 billion in the year-ago period. The company's quarterly average assets under management stood at ₹11,04,787 crore as of March 2026, compared with ₹8,79,412 crore a year earlier. 15 out of 17 analysts covering the stock have 'buy' ratings, with only two maintaining 'hold' ratings.
The asset management company's board of directors recommended a final dividend of ₹12.40 per equity share for FY26, subject to approval of the Members at the ensuing Annual General Meeting (AGM). As per Upstox, the dividend on equity shares will be paid to the eligible Members after the same is approved by the Members at the ensuing AGM of the Company. The company announced a dividend of ₹12.4 per share for the quarter, supporting the positive analyst sentiment across major brokerages.
Brokerage firm CLSA maintains an 'outperform' rating with a price target of ₹3,730 per share, indicating an 11.2% upside from current levels. Citi has a 'buy' rating with the highest price target of ₹3,900 per share, suggesting a 16.2% upside potential. HSBC and UBS also maintain 'buy' recommendations, with HSBC raising its price target from ₹3,600 to ₹3,800 and UBS increasing its target from ₹3,320 to ₹3,900. Morgan Stanley holds an 'equal weight' rating with a price target of ₹3,320 per share, just below the previous closing price. The strong annual performance and robust business metrics support the positive analyst sentiment across major brokerages.
