Bharti Airtel Ltd.Strong Growth Across India & Africa

Bharti Airtel delivered robust Q1 FY27 performance with consolidated revenue growing 5.7% quarter-on-quarter to ₹58,500 crore and EBITDAaL reaching ₹29,800 crore at 51% margin.

India mobile ARPU stood at ₹264 with the company achieving record postpaid additions of 1 million customers, now comprising over 8% of the total base. Africa operations continued strong momentum with 5.7% constant currency revenue growth and annualized EBITDA crossing ₹35,000 crore on a 20%+ CAGR trajectory. Operating free cash flow remained healthy at ₹16,450 crore while the balance sheet strengthened with net debt to EBITDA improving to 0.7x.

Strategic initiatives gained traction including Airtel Finance scaling to ₹750 crore monthly disbursements just nine months post-licensing, and Airtel Money preparing for London listing in H2 2026. Management outlined data center expansion ambitions to 1 gigawatt with clear hyperscaler demand visibility. While homes business moderated to 473,000 net adds following quality tightening, management pivoted to fiber-first strategy and momentum is returning. Leadership emphasized long-term industry pricing architecture repair remains essential for sustained ARPU growth.