Bharti Airtel Reports Strong Q2 FY27 Performance; Consolidated Revenue Rises 16.7% to Rs.60,878 Crore

India business revenue grows 9.4%, while Africa delivers 20.6% growth in constant currency; customer base expands to 693 million across 15 countries.

Pune(S.N) Nov 06: Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its audited consolidated financial results for the quarter ended September 30, 2026, reporting strong performance across its India and Africa businesses. The company's consolidated revenue increased by 16.7% year-on-year (YoY) and 4.0% quarter-on-quarter (QoQ) to Rs.60,878 crore, driven by sustained growth across its diversified business portfolio. The total customer base expanded to 693 million across 15 countries, supported by quarterly net additions of 12 million customers across India and Africa.

India business revenue stood at Rs.42,308 crore, registering growth of 9.4% YoY and 2.7% QoQ. India Mobile revenue increased by 10.1% YoY, supported by higher Average Revenue Per User (ARPU), which improved to Rs.271 in Q2 FY27 compared to Rs.256 in Q2 FY26. The company added 2.9 million smartphone data customers during the quarter, while the smartphone data customer base expanded by 18.8 million over the past year. Smartphone data customers now account for 81% of the total mobile customer base. The postpaid segment recorded its strongest-ever quarterly net additions of 1.2 million customers, taking the total postpaid customer base to 31.2 million.

The Homes business continued its strong growth trajectory, recording a 25.3% YoY increase in revenue. The segment added 676,000 customers during the quarter, taking its total customer base to 15.4 million. Digital TV revenue increased by 2.4% YoY, supported by growing IPTV adoption, with quarterly revenue reaching Rs.771 crore. Airtel Business also maintained its growth momentum, registering an 11.4% YoY increase in revenue, driven by broad-based performance across its core business and digital services portfolio. During the quarter, Airtel Business entered into a strategic partnership with ITI Limited to accelerate India's digital transformation and support enterprises in modernising legacy systems, improving operational efficiency and strengthening security.

Airtel's Africa business delivered another strong quarter, recording 20.6% YoY revenue growth in constant currency, while reported revenue increased by 25.7% YoY. The business had a customer base of 193.9 million. At the consolidated level, EBITDA stood at Rs.35,240 crore, with an EBITDA margin of 57.9%. Consolidated EBITDAaL was Rs.31,488 crore, maintaining a margin of 51.7%, while consolidated EBIT stood at Rs.20,556 crore. Consolidated net income before exceptional items increased to Rs.9,015 crore compared to Rs.6,792 crore in Q2 FY26.

The company continued to strengthen its digital infrastructure, deploying 497 towers and 11,684 mobile broadband base stations during the quarter. Over the past year, its network expansion included 5,649 towers and 44,718 kilometres of fibre. Consolidated capital expenditure stood at Rs.12,467 crore, including Rs.9,908 crore invested in India. Additionally, the company invested Rs.2,826 crore in a strategic land parcel for data centre expansion in India, marking another step towards its ambition of building 1 GW of data centre capacity. The consolidated net debt-to-EBITDA ratio (annualised) improved to 1.18 from 1.63 as of September 30, 2025.

Commenting on the performance, Gopal Vittal, Executive Vice Chairman, Bharti Airtel, said, “We delivered another quarter of consistent performance with consolidated revenues of Rs.60,878 crore, increasing 4.0% QoQ, underscoring the strength of our diversified portfolio. Africa delivered a standout quarter with 6.7% QoQ constant currency revenue growth. India's mobile business recorded strong revenue growth, backed by our strategy of portfolio premiumization and winning quality customers. Our postpaid momentum remained strong with record-high net customer additions of 1.2 million. We continue to maintain a strong and resilient balance sheet, anchored by robust cash generation and disciplined capital allocation.”