ICICI Bank – Investor Presentation Summary

Key Operational Highlights

  • Average deposits grew by 14.0% y-o-y and 6.1% q-o-q in Q1-2027.
  • Average current and savings account (CASA) deposits grew by 12.1% y-o-y and 4.7% q-o-q in Q1-2027.
  • Period end total deposits grew by 14.0% y-o-y and 2.2% q-o-q to ₹18,335.86 bn at Jun 30, 2026.
  • Total loans grew by 19.6% y-o-y and 5.0% q-o-q to ₹16,312.60 bn.
  • Retail loans grew by 12.0% y-o-y and 2.7% q-o-q to ₹8,067.48 bn.
  • Business banking portfolio (borrowers with turnover up to ₹7.50 bn) grew by 28.2% y-o-y and 6.9% q-o-q.
  • Domestic corporate portfolio grew by 18.5% y-o-y and 6.9% q-o-q.
  • Including non-fund based outstanding, the share of retail portfolio was 41.1% of the total portfolio at Jun 30, 2026.
  • Of the total domestic loan book, about 57% has interest rate linked to repo rate and other external benchmarks, 30% has fixed interest rate and 13% has interest rate linked to MCLR and other older benchmarks.

Key drivers of operational performance: Growth driven by leveraging branch network and digital platforms such as InstaBIZ, Merchant STACK and Trade Online, end-to-end digital onboarding platform DigiEase, and efforts towards process decongestion such as e-signing of disbursement documents through EazySign. Focus on parameterised and programme based lending, granularity, collateral and robust monitoring.

Segment-wise Performance

Standalone Segment-wise PBT (₹ billion)
  • Retail: Q1-2027: ₹62.39 (Q1-2026: ₹47.35, Q4-2026: ₹69.27, FY2026: ₹232.44)
  • Wholesale: Q1-2027: ₹74.79 (Q1-2026: ₹53.87, Q4-2026: ₹70.37, FY2026: ₹244.89)
  • Treasury: Q1-2027: ₹48.22 (Q1-2026: ₹62.61, Q4-2026: ₹37.42, FY2026: ₹172.30)
  • Others: Q1-2027: ₹5.86 (Q1-2026: ₹5.48, Q4-2026: ₹3.97, FY2026: ₹12.56)

Explanation of significant changes in segment performance: Not Specified

Financial Highlights

Revenue (Core Operating Income): Q1-2027: ₹328.09 bn (Q1-2026: ₹288.99 bn, Q4-2026: ₹303.94 bn, FY2026: ₹1,176.35 bn)

EBITDA: Not Specified

PAT: Q1-2027: ₹148.05 bn (Q1-2026: ₹127.68 bn, Q4-2026: ₹137.02 bn, FY2026: ₹501.47 bn)

EPS (Weighted Average): Q1-2027: ₹82.6 (Q1-2026: ₹71.6, Q4-2026: ₹76.6, FY2026: ₹70.2)

Margins: Net Interest Margin: Q1-2027: 4.36% (Q1-2026: 4.34%, Q4-2026: 4.32%, FY2026: 4.32%). Cost-to-Income: Q1-2027: 38.1% (Q1-2026: 37.8%, Q4-2026: 39.9%, FY2026: 39.7%)

YoY/QoQ comparison: Profit after tax grew by 15.9% y-o-y and 8.0% q-o-q. Core operating profit grew by 15.6% y-o-y and 10.5% q-o-q.

Drivers of financial performance: Includes interest on tax refund of ₹4.65 bn in Q1-2027. Core operating profit excluding dividend from subsidiaries grew by 18.3% y-o-y and 8.2% q-o-q to ₹191.25 bn.

Comparison to market estimates: Not Specified

Key Risks: Forward-looking statements involve risks including statutory and regulatory changes, international economic conditions, political instability, increase in non-performing loans, changes in interest rates, foreign exchange rates, adequacy of allowance for credit losses, and changes in India's sovereign rating.

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Domestic book (net of BRDS/IBPC) was 96.9% of total advances at Jun 30, 2026 (₹15,809.85 bn). Overseas book was 3.1% of total advances at Jun 30, 2026 (₹502.75 bn), growing 52.5% y-o-y and 18.9% q-o-q.

Regional Breakdown: Not Specified

Balance Sheet Snapshot

Net Debt/Equity: Not Specified

Reserves: Jun 30, 2026: ₹3,520.56 bn (Mar 31, 2026: ₹3,359.39 bn, Jun 30, 2025: ₹3,048.94 bn)

Current Assets/Liabilities: Not Specified

Working Capital/Leverage Metrics: Credit/deposit ratio of 87.5% on the domestic balance sheet at Jun 30, 2026 (Mar 31, 2026: 85.5%; Jun 30, 2025: 83.8%)

Financial Health Insights: Common Equity Tier 1 ratio of 16.19% at Jun 30, 2026 (including profits for Q1-2027). Total capital adequacy ratio of 16.84% at Jun 30, 2026.

Capex & Cash Flow Health

Capital Expenditure: Not Specified

Free Cash Flow: Not Specified

Operating Cash Flow: Not Specified

Net Debt Movement: Not Specified

Investment Rationale: Not Specified

Strategic & R&D Initiatives

Investments in Innovation: iLens, an integrated, end-to-end retail lending solution. Digital platforms such as InstaBIZ, Merchant STACK, Trade Online, and DigiEase.

Expected impact on growth: Not Specified

Strategic Rationale: Focus on digitisation of measurement and monitoring of key ESG performance indicators. Promoting sustainable environmental practices with a green financing portfolio of ₹307.04 bn at March 31, 2026.

Industry Trends & Business Environment

Macro/Industry Trends: Not Specified

Impact on Company: Not Specified

Management Commentary & Growth Outlook

Strategic Outlook: Not Specified

FY Guidance: Not Specified

Market Share Targets: ICICI Prudential Asset Management was market leader in Equity schemes AUM and Equity Hybrid schemes AUM with market share of 14.0% and 26.6% respectively at June 30, 2026. ICICI Securities had market share in MTF of about 16.5% at June 30, 2026.

Risks and Opportunities: Risks detailed in reports filed with the United States Securities and Exchange Commission, including statutory changes, economic conditions, and credit losses.

ESG Updates

  • At March 31, 2026, green financing portfolio was ₹307.04 billion - about one-third of total sustainable financing portfolio.
  • Renewable energy in total electricity consumption increased from 38% in fiscal 2025 to 48% in fiscal 2026.
  • Total Scope 1 and Scope 2 emissions declined by 9.2% y-o-y.
  • Positively benefitted 19.84 million individuals through CSR initiatives till March 31, 2026.
  • Enhanced mandate of ESG & CSR Committee for oversight on the Bank's ESG action plan; Risk Committee to focus on climate risk policy and frameworks.