ICICI Prudential AMC shares gain 2% after Q1 net profit rises 23% to Rs 965 crore. Here’s what brokerages say

ICICI Prudential AMC reported a 23% YoY rise in Q1 FY27 net profit to Rs 965 crore, with revenue up 18% YoY to Rs 1,564 crore. Mutual fund AUM grew about 11% YoY to Rs 82.40 lakh crore as of March 31, 2026, and profit after tax margin stood at 61.67%. Brokerages remain bullish, with JM Financial maintaining an 'Add' rating at a Rs 3,600 target, Motilal Oswal at 'Buy' with Rs 3,800 target, and Emkay at 'Buy' with Rs 4,000 target, implying 12-25% upside.