Muthoot Finance delivered an exceptional FY26 performance, driven by strong gold loan demand, higher yields and sharp improvement in profitability. Consolidated AUM grew ~49% YoY, led by ~54% growth in gold loan AUM, while standalone PAT surged ~95% YoY. Management highlighted that the business has entered a structurally stronger growth phase, supported by elevated gold prices, rising average ticket sizes and sustained demand from self-employed and MSME borrowers. Yields improved to ~20.8%, aided by selective pricing hikes and auction-related recoveries, helping offset higher borrowing costs and...