HDFC Life Insurance Company Limited — Investor Meet, 22-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

HDFC Life reported strong Q1 FY26 with 12.5% YoY Individual APE growth, increasing market share to 12.1%. Value of New Business (VNB) grew 12.7% to ₹809 Cr, with new business margins steady at 25.1%. PAT increased 14% to ₹546 Cr. Management noted strong ULIP demand and par product traction, with non-par moderated due to pricing discipline. They are reinvesting for long-term growth and expect margins to remain range-bound this year, with expansion likely over 3-5 years. The company aims to outperform industry growth despite a high prior-year base, maintaining a confident outlook.