# BHARTIARTL (BHARTIARTL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bhartiartl

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹1,797.2
- Change: +1.04%
- As of: 2026-10-13
- 1D return: -1.46%
- 5D return: -0.07%
- 1M return: -3.28%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-12_

### Technical Outlook

As of October 12, 2026, Bharti Airtel (BHARTIARTL) presents a mixed technical picture with a bearish daily and weekly trend structure contrasting with a bullish monthly trend. Daily and weekly timeframes show the price trading below key moving averages and the Supertrend indicator, indicating downward pressure. However, the monthly timeframe shows the price above the Supertrend, suggesting underlying strength on a longer horizon. Daily trend conviction is developing (ADX 22.83), while weekly trend conviction is weak (ADX 15.16), and monthly trend conviction is strong (ADX 41.48). The stock is positioned in the lower-middle part of its 20-day range (+31.4%) and near the lower end of its 50-day (+17.2%) and 252-day (+11.7%) ranges, suggesting it is trading at lower valuations within these periods.

Participation and risk are characterized by moderate recent anomalies, including a recent downward volume move with price on October 12, 2026 (-1.5% return, volume ratio 0.14, z-score -2.7). Annualized volatility stands at +20.9%, with a current drawdown of -17.8% and a maximum drawdown of -19.5%. Nearest resistance is observed at ₹1779.07 (0.02% above current price), with further resistance at ₹1790.23 (0.65% above). Support is identified at ₹1612.2 (9.36% below current price). Confirmation of the bearish setup would involve a sustained move below ₹1779.07, while a decisive break above ₹1790.23 could signal a shift in momentum.

- Mixed technical setup: Bearish daily/weekly trends versus bullish monthly trend.
- Daily trend conviction is developing (ADX 22.83), while monthly trend conviction is strong (ADX 41.48).
- Annualized volatility is +20.9% with a current drawdown of -17.8%.
- Nearest resistance at ₹1779.07 (0.02% above current price); nearest support at ₹1612.2 (9.36% below current price).
- Confirmation of bearish setup below ₹1779.07; invalidation with a break above ₹1790.23.

- Doji
- Inside Bar
- Bearish Engulfing Reversal
- Morning Star

### News Context

In the week leading up to October 12, 2026, Bharti Airtel implemented a hike in its postpaid tariffs, increasing prices by ₹50 across all plans. This move, occurring after more than two years without a broad tariff adjustment, was noted as potentially setting a precedent for competitors. The company's subsidiary, Airtel Money, also made its debut on the London Stock Exchange on October 9, 2026. This listing was the largest in London in five years, raising approximately £529 million and valuing the fintech business at £5.3 billion. Airtel Money reported ₹1.35 billion in revenue for FY26 and serves 53 million monthly users across 13 African countries.

Separately, a report on October 12, 2026, suggested that Bharti Airtel's valuation appears attractive in the context of the anticipated initial public offering (IPO) of Jio Platforms, with a valuation cut for Reliance Industries. The timing of Airtel's postpaid tariff hike was also highlighted as occurring just weeks before Jio Platforms' expected IPO.

- On October 7, 2026, Airtel increased postpaid tariffs by ₹50 across all plans, marking the first such hike in over two years.
- Airtel Money, a subsidiary, listed on the London Stock Exchange on October 9, 2026, raising £529 million and valued at £5.3 billion.
- Airtel Money reported FY26 revenue of $1.35 billion and serves 53 million monthly users across 13 countries.
- A report on October 12, 2026, indicated that Bharti Airtel's valuation looks attractive relative to the expected Jio IPO.
- The postpaid tariff hike by Airtel occurred weeks before the anticipated IPO of Jio Platforms.

- [Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices](https://www.businesstoday.in/markets/stocks/story/jio-ipo-price-band-valuation-cut-for-ril-bharti-airtel-looks-attractive-target-prices-560898-2026-10-12)
- [Airtel Money IPO: London’s biggest listing in 5 years makes debut — Check how shares performed post-listing](https://www.livemint.com/market/stock-market-news/airtel-money-ipo-london-s-biggest-listing-in-5-years-makes-debut-check-how-shares-performed-postlisting-11791546228190.html)
- [Airtel hikes postpaid tariffs after over two years, sets the tone for peers | Company Business News](https://www.livemint.com/companies/news/airtel-postpaid-tariff-hike-jio-platforms-ipo-11791363255988.html)
- [Bharti Airtel shares jump after hiking postpaid tariffs by ₹50 across the board](https://www.cnbctv18.com/market/bharti-airtel-share-price-postpaid-tariff-hike-50-rupees-new-plans-revenue-contribution-roaming-implications-20006531.htm)
- [11:11 | RBI hikes repo rate for first time in 3.5 years, Titan in focus, Messi's Argentina farewell and more](https://www.cnbctv18.com/business/1111-rbi-hikes-repo-rate-for-first-time-in-3-5-years-titan-in-focus-messis-argentina-farewell-and-more-20006179.htm)

### What Changed

Bharti Airtel's subsidiary, Airtel Money, recently made its debut on the London Stock Exchange on October 12, 2026, marking the largest listing in London in five years. This IPO raised approximately £529 million, valuing the African fintech business at £5.3 billion. The business serves 53 million monthly users across 13 countries and reported revenue of $1.35 billion for the fiscal year 2026. In related market commentary from October 12, 2026, analysts suggested that a valuation cut for Jio's IPO could make Bharti Airtel appear more attractive. Separately, Bharti Airtel's share price closed at ₹1778.7 on October 12, 2026, a decrease from its previous closing price of ₹1805.1.

- Airtel Money IPO debuted on the London Stock Exchange on October 12, 2026, raising £529 million and valuing the company at £5.3 billion.
- Airtel Money reported $1.35 billion in FY26 revenue and serves 53 million monthly users across 13 countries.
- Bharti Airtel's share price closed at ₹1778.7 on October 12, 2026, down from ₹1805.1 previously.
- Market commentary on October 12, 2026, suggested Bharti Airtel looks attractive relative to Jio's IPO valuation.

- [Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices](https://www.businesstoday.in/markets/stocks/story/jio-ipo-price-band-valuation-cut-for-ril-bharti-airtel-looks-attractive-target-prices-560898-2026-10-12)
- [Airtel Money IPO: London’s biggest listing in 5 years makes debut — Check how shares performed post-listing](https://www.livemint.com/market/stock-market-news/airtel-money-ipo-london-s-biggest-listing-in-5-years-makes-debut-check-how-shares-performed-postlisting-11791546228190.html)

### Official Filings

Bharti Airtel Limited has announced several initiatives aimed at enhancing its postpaid offerings and enterprise services. Effective October 8, 2026, the company will offer complimentary international roaming packs with all postpaid plans, including 5GB data, 60 minutes of calls, and 25 outgoing SMS valid for five days. Higher-tier plans, ranging from ₹499 to ₹1799 per month, will include additional benefits such as subscriptions to Netflix, Amazon Prime, and Apple services, with the international roaming benefit extended to family members on family plans. This move is intended to increase customer value by integrating connectivity, entertainment, and digital experiences.

In parallel, on October 5, 2026, Bharti Airtel launched Airtel IQ Gateway, a platform designed for secure enterprise messaging that combines SMS, WhatsApp, RCS, and voice communications with fraud protection. This platform aims to provide businesses with a unified control plane for managing multiple communication channels and service providers, adhering to data protection regulations. The company also announced on September 22, 2026, that its family postpaid plans of ₹999 and above would include Apple's iCloud+, Apple TV, and Apple Arcade.

Separately, the company has been issued penalty notices totaling ₹3,15,000 by the Department of Telecommunications for alleged violations of subscriber verification norms. These penalties, amounting to ₹1,41,000 and ₹2,12,000, stem from CAF Audits in Delhi and Karnataka, respectively. Bharti Airtel has stated it will pay these penalties without contest. The trading window for company securities was closed from October 1, 2026, to facilitate the finalization of financial results for the quarter and half-year ending September 30, 2026, and will reopen 48 hours after their declaration.

- Effective October 8, 2026, Bharti Airtel is offering a complimentary international roaming pack (5GB data, 60 mins calls, 25 SMS for 5 days) with all postpaid plans.
- Bharti Airtel launched Airtel IQ Gateway on October 5, 2026, a platform for secure enterprise messaging integrating SMS, WhatsApp, RCS, and voice.
- On September 22, 2026, Bharti Airtel enhanced family postpaid plans (₹999+) to include Apple's iCloud+, Apple TV, and Apple Arcade.
- Bharti Airtel received penalty notices totaling ₹3,15,000 from the Department of Telecommunications for subscriber verification norm violations.
- The company's trading window closed on October 1, 2026, for finalizing financial results for the quarter and half-year ending September 30, 2026.

- [Bharti Airtel Limited has informed the Exchange regarding a press release dated October 07, 2026, titled "Airtel offers Free International Roaming on All Postpaid Plans". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_07102026110048_BhartiAirtelPR.pdf)
- [Bharti Airtel Limited has informed the Exchange regarding a press release dated October 05, 2026, titled "Airtel Business launches IQ Gateway India s first business communications platform with telco-grade network intelligence for safe enterprise messaging". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_05102026120416_BhartiAirtelSTXIntimation.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_01102026125929_BhartiAirtel-Reg30.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2002_WebXMLFile_20261001_130312331.xml)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_29092026172859_BhartiAirtel-Reg30disclosure.pdf)
- [Bharti Airtel Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/BHARTIARTL_25092026164258_Bharti_Airtel_-_Closure_of_Trading_Window_-_STX_Intimation.pdf)
- [Bharti Airtel Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2002_WebXMLFile_20260925_170931765.xml)
- [Bharti Airtel Limited has informed the Exchange regarding a press release dated September 22, 2026, titled "Airtel enhances its Postpaid Offering by adding Apple s newly expanded iCloud+ with Apple TV and Apple Arcade". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_22092026105601_BhartiAirtel_-_PressRelease.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_21092026114223_BhartiAirtelReg30disclosure.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_18092026172256_Bharti_Airtel_-_Reg_30_discl.pdf)

### Fundamentals

Bharti Airtel reported sequential growth in revenue and profit for the latest reported quarters. Revenue from operations increased from ₹55,383.20 crore in Q4 FY2025-26 to ₹58,539.10 crore in Q1 FY2026-27. Profit Before Tax also saw a sequential rise, from ₹9,960.30 crore to ₹13,664.60 crore over the same periods. This growth was accompanied by a stable Operating Profit Margin (OPM) of 57% in both quarters. The company's Net Profit followed this trend, increasing from ₹9,247 crore in Q4 FY2025-26 to ₹10,012 crore in Q1 FY2026-27, with Basic Earnings Per Share (EPS) rising from ₹12.02 to ₹13.09 respectively. Finance costs saw a slight increase sequentially from ₹5,605.60 crore to ₹5,956.40 crore. The company's borrowings have shown a declining trend, moving from ₹215,592 crore in March 2024 to ₹195,412 crore by March 2026, while equity capital and reserves have increased over the same period. Cash flow from operations has shown consistent growth, increasing from ₹78,898 crore in March 2024 to ₹122,230 crore by March 2026. The most important checkpoint for the next results will be the sustainability of profit growth and the management of finance costs.

- Revenue from operations increased sequentially to ₹58,539.10 crore in Q1 FY2026-27.
- Profit Before Tax rose sequentially to ₹13,664.60 crore in Q1 FY2026-27, with a stable OPM of 57%.
- Borrowings decreased to ₹195,412 crore by March 2026, while cash flow from operations grew to ₹122,230 crore by March 2026.
- Monitor the sustainability of profit growth and finance costs in the upcoming results.

### Bull Case

Bharti Airtel has taken steps to improve its revenue streams by increasing postpaid tariffs. This move, the first in over two years, aims to set a precedent for competitors in the Indian telecom market. The company's African fintech subsidiary, Airtel Money, recently completed a significant IPO on the London Stock Exchange, raising approximately £529 million and valuing the business at £5.3 billion. This subsidiary serves 53 million users across 13 countries and reported revenues of $1.35 billion in FY26.

- Bharti Airtel increased postpaid tariffs, marking the first such hike in over two years.
- Airtel Money, a subsidiary, had its IPO in London, raising £529 million and valuing the company at £5.3 billion.
- Airtel Money reported $1.35 billion in revenue for FY26.
- Airtel Money serves 53 million monthly users across 13 African countries.

- [Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices](https://www.businesstoday.in/markets/stocks/story/jio-ipo-price-band-valuation-cut-for-ril-bharti-airtel-looks-attractive-target-prices-560898-2026-10-12)
- [Airtel Money IPO: London’s biggest listing in 5 years makes debut — Check how shares performed post-listing](https://www.livemint.com/market/stock-market-news/airtel-money-ipo-london-s-biggest-listing-in-5-years-makes-debut-check-how-shares-performed-postlisting-11791546228190.html)
- [Airtel hikes postpaid tariffs after over two years, sets the tone for peers | Company Business News](https://www.livemint.com/companies/news/airtel-postpaid-tariff-hike-jio-platforms-ipo-11791363255988.html)
- [Bharti Airtel shares jump after hiking postpaid tariffs by ₹50 across the board](https://www.cnbctv18.com/market/bharti-airtel-share-price-postpaid-tariff-hike-50-rupees-new-plans-revenue-contribution-roaming-implications-20006531.htm)
- [11:11 | RBI hikes repo rate for first time in 3.5 years, Titan in focus, Messi's Argentina farewell and more](https://www.cnbctv18.com/business/1111-rbi-hikes-repo-rate-for-first-time-in-3-5-years-titan-in-focus-messis-argentina-farewell-and-more-20006179.htm)
- [Bharti Airtel Limited has informed the Exchange regarding a press release dated October 07, 2026, titled "Airtel offers Free International Roaming on All Postpaid Plans". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_07102026110048_BhartiAirtelPR.pdf)
- [Bharti Airtel Limited has informed the Exchange regarding a press release dated October 05, 2026, titled "Airtel Business launches IQ Gateway India s first business communications platform with telco-grade network intelligence for safe enterprise messaging". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_05102026120416_BhartiAirtelSTXIntimation.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_01102026125929_BhartiAirtel-Reg30.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2002_WebXMLFile_20261001_130312331.xml)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_29092026172859_BhartiAirtel-Reg30disclosure.pdf)

### Bear Case

Bharti Airtel's technical indicators suggest a cautious outlook, with daily and weekly trends showing a bearish supertrend direction. The daily trend exhibits negative slopes in both the 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), with the SMA 50 also showing a negative slope. This is accompanied by a higher Minus Directional Indicator (DI) than the Plus DI on the daily chart, indicating selling pressure. While the monthly trend shows a bullish supertrend direction, the overall technical picture on shorter timeframes points to potential headwinds. Recent performance data shows a Year-to-Date (YTD) return of -15.7% and a 1-year return of -8.3%, reflecting recent market underperformance. The company's current drawdown stands at -17.8%, with a maximum drawdown of -19.5%, indicating significant price depreciation from recent peaks.

- Daily and weekly technical trends are currently in a bearish phase, indicated by the supertrend direction.
- Negative slopes observed in 20-day EMA and SMA, and 50-day SMA on the daily chart suggest downward momentum.
- Year-to-Date return is -15.7% and 1-year return is -8.3% as of 2026-10-12.
- Current drawdown is -17.8% with a maximum drawdown of -19.5%.

- [Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices](https://www.businesstoday.in/markets/stocks/story/jio-ipo-price-band-valuation-cut-for-ril-bharti-airtel-looks-attractive-target-prices-560898-2026-10-12)
- [Airtel Money IPO: London’s biggest listing in 5 years makes debut — Check how shares performed post-listing](https://www.livemint.com/market/stock-market-news/airtel-money-ipo-london-s-biggest-listing-in-5-years-makes-debut-check-how-shares-performed-postlisting-11791546228190.html)
- [Airtel hikes postpaid tariffs after over two years, sets the tone for peers | Company Business News](https://www.livemint.com/companies/news/airtel-postpaid-tariff-hike-jio-platforms-ipo-11791363255988.html)
- [Bharti Airtel shares jump after hiking postpaid tariffs by ₹50 across the board](https://www.cnbctv18.com/market/bharti-airtel-share-price-postpaid-tariff-hike-50-rupees-new-plans-revenue-contribution-roaming-implications-20006531.htm)
- [11:11 | RBI hikes repo rate for first time in 3.5 years, Titan in focus, Messi's Argentina farewell and more](https://www.cnbctv18.com/business/1111-rbi-hikes-repo-rate-for-first-time-in-3-5-years-titan-in-focus-messis-argentina-farewell-and-more-20006179.htm)
- [Bharti Airtel Limited has informed the Exchange regarding a press release dated October 07, 2026, titled "Airtel offers Free International Roaming on All Postpaid Plans". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_07102026110048_BhartiAirtelPR.pdf)
- [Bharti Airtel Limited has informed the Exchange regarding a press release dated October 05, 2026, titled "Airtel Business launches IQ Gateway India s first business communications platform with telco-grade network intelligence for safe enterprise messaging". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_05102026120416_BhartiAirtelSTXIntimation.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_01102026125929_BhartiAirtel-Reg30.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2002_WebXMLFile_20261001_130312331.xml)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_29092026172859_BhartiAirtel-Reg30disclosure.pdf)

### FAQs

**What recent actions has Bharti Airtel taken regarding its service offerings and pricing?**

Bharti Airtel has recently increased its postpaid tariffs by ₹50 across all plans. Additionally, effective October 8, 2026, the company launched new postpaid plans that include complimentary international roaming packs offering 5GB data, 60 minutes of calls, and 25 outgoing SMS valid for five days. These plans range from ₹499 to ₹1799 per month and offer tiered benefits, including bundled subscriptions to services like Netflix and Amazon Prime, with higher tiers extending the roaming benefit to family members.

**What are the key technical indicators for Bharti Airtel as of October 12, 2026?**

As of October 12, 2026, Bharti Airtel's daily trend indicators suggest a bearish sentiment, with the Supertrend direction being 'bearish' and negative slopes for both 20-day and 50-day Simple Moving Averages (SMA). However, the monthly trend indicators show a 'bullish' Supertrend direction with positive ADX (14) at 41.48 and a higher Plus DI (19.18) compared to Minus DI (11.48).

**What are the nearest support and resistance levels for Bharti Airtel?**

As of October 12, 2026, the nearest resistance levels for Bharti Airtel are at ₹1779.07 (0.02% above current price), ₹1790.23 (0.65% above current price), ₹1797.67 (1.07% above current price), and ₹1808.83 (1.69% above current price). The nearest support levels are at ₹1612.2 (9.36% below current price) and ₹1565.09 (12.01% below current price).

**Has Bharti Airtel faced any regulatory penalties recently?**

Yes, on September 28, 2026, Bharti Airtel received two penalty notices from the Department of Telecommunications. A penalty of ₹1,41,000 was imposed by the Delhi LSA for a CAF Audit covering April 2026, and a penalty of ₹2,12,000 was imposed by the Karnataka LSA for a CAF Audit covering July 2026. The company has decided to pay these penalties.

**What is the recent performance of Bharti Airtel's subsidiary, Airtel Money?**

Airtel Money, an African fintech business of Bharti Airtel, recently debuted on the London Stock Exchange, marking the largest listing in London in five years. The IPO raised approximately £529 million, valuing the company at £5.3 billion. Airtel Money serves 53 million monthly users across 13 countries and reported revenue of $1.35 billion in FY26.

- [Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices](https://www.businesstoday.in/markets/stocks/story/jio-ipo-price-band-valuation-cut-for-ril-bharti-airtel-looks-attractive-target-prices-560898-2026-10-12)
- [Airtel Money IPO: London’s biggest listing in 5 years makes debut — Check how shares performed post-listing](https://www.livemint.com/market/stock-market-news/airtel-money-ipo-london-s-biggest-listing-in-5-years-makes-debut-check-how-shares-performed-postlisting-11791546228190.html)
- [Airtel hikes postpaid tariffs after over two years, sets the tone for peers | Company Business News](https://www.livemint.com/companies/news/airtel-postpaid-tariff-hike-jio-platforms-ipo-11791363255988.html)
- [Bharti Airtel shares jump after hiking postpaid tariffs by ₹50 across the board](https://www.cnbctv18.com/market/bharti-airtel-share-price-postpaid-tariff-hike-50-rupees-new-plans-revenue-contribution-roaming-implications-20006531.htm)
- [11:11 | RBI hikes repo rate for first time in 3.5 years, Titan in focus, Messi's Argentina farewell and more](https://www.cnbctv18.com/business/1111-rbi-hikes-repo-rate-for-first-time-in-3-5-years-titan-in-focus-messis-argentina-farewell-and-more-20006179.htm)
- [Bharti Airtel Limited has informed the Exchange regarding a press release dated October 07, 2026, titled "Airtel offers Free International Roaming on All Postpaid Plans". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_07102026110048_BhartiAirtelPR.pdf)
- [Bharti Airtel Limited has informed the Exchange regarding a press release dated October 05, 2026, titled "Airtel Business launches IQ Gateway India s first business communications platform with telco-grade network intelligence for safe enterprise messaging". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BHARTIARTL_05102026120416_BhartiAirtelSTXIntimation.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_01102026125929_BhartiAirtel-Reg30.pdf)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2002_WebXMLFile_20261001_130312331.xml)
- [Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/BHARTIARTL_29092026172859_BhartiAirtel-Reg30disclosure.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,808.83
- Risk regime: Price Risk Requires Attention

### Support levels
- 1612.2
- 1565.0875
- 1779.0666666666666

### Resistance levels
- 1851.5031250000002
- 1892.9302253723145
- 1893.7

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.46% |
| return_10 | -0.38% |
| return_1m | -2.86% |
| return_1y | -8.31% |
| return_20 | -3.28% |
| return_3m | -7.38% |
| return_5 | -0.07% |
| return_6m | -4.88% |
| return_since_start | +11.47% |
| return_ytd | -15.72% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -19.49% |
| annualized_volatility | +20.91% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Accelerates; Profitability Rebounds as Unusual Items Normalize

Bharti Airtel reported a quarter of accelerating revenue growth and a sharp sequential rebound in profit before tax. The QoQ profit surge was largely driven by the reversal of two unusual items that had depressed the previous quarter: a spike in other unallocable expenditure and an anomalously low tax expense. On a year-on-year basis, both revenue and profit grew at double-digit rates, with profit growth outpacing revenue. Finance costs edged higher, but earnings per share rose strongly with minimal dilution.

## Revenue Growth Continues on a Strong Trajectory

Revenue from operations reached ₹58,539 crore in Q1 FY27, up 5.7% from ₹55,383 crore in Q4 FY26 and 18.4% from ₹49,463 crore in Q1 FY26. The sequential growth rate accelerated from the 2.6% increase seen in the prior quarter (Q3 to Q4 FY26), and the YoY growth of 18.4% is the highest among the five quarters shown. This marks the fifth consecutive quarter of revenue expansion, with the pace picking up.

## Profit Before Tax Surges as Unusual Items Reverse

Profit before tax (PBT) rose to ₹13,665 crore, up 37.2% from ₹9,960 crore in Q4 FY26 and 31.1% from ₹10,422 crore in Q1 FY26. The QoQ increase of ₹3,704 crore is largely explained by a single line item: other unallocable expenditure (net of income) fell from ₹3,399 crore in Q4 FY26 to ₹435 crore in Q1 FY27, a reduction of ₹2,964 crore. This reversal accounts for about 80% of the PBT improvement. The remaining increase reflects the higher revenue base and likely other cost efficiencies, though detailed expense breakdowns are not available in the supplied evidence.

The YoY PBT growth of 31% exceeded the 18% revenue growth, indicating that the underlying business is generating higher margins even after excluding the Q4 anomalies.

## Tax Expense Normalizes After Q4 Anomaly

Tax expense in Q1 FY27 was ₹3,761 crore, up sharply from ₹797 crore in Q4 FY26 but in line with the ₹3,083–₹3,799 crore range seen in the first three quarters of FY26. The Q4 figure was an outlier—less than a quarter of the typical quarterly level. The normalization in Q1 FY27 restores the effective tax rate to a more typical range. The near-perfect symmetry between the QoQ increase in tax expense (₹2,964 crore) and the QoQ decrease in other unallocable expenditure (₹2,964 crore) suggests the two items are linked, though the exact accounting relationship is not specified in the evidence.

## Other Unallocable Expenditure Returns to Normal Levels

Other unallocable expenditure (net) was ₹435 crore in Q1 FY27, down 87% from the Q4 FY26 spike of ₹3,399 crore. While still higher than the ₹81 crore recorded in Q1 FY26 and ₹68 crore in Q2 FY26, it is closer to the ₹327 crore level of Q3 FY26. The Q4 spike appears to have been a one-time event, and the Q1 figure represents a return to a more normal, albeit slightly elevated, range.

## Finance Costs Continue to Edge Up

Finance costs rose to ₹5,956 crore in Q1 FY27, up 6.3% from ₹5,606 crore in Q4 FY26 and 9.1% from ₹5,461 crore in Q1 FY26. The increase is gradual and consistent with the trend over the past year. As a proportion of revenue, finance costs declined from 11.0% in Q1 FY26 to 10.2% in Q1 FY27, indicating that revenue growth is outpacing the rise in interest expenses.

## Earnings Per Share Growth Reflects Strong Profitability

Basic earnings per share (EPS) rose to ₹13.38, up 6.8% from ₹12.53 in Q4 FY26 and 30.4% from ₹10.26 in Q1 FY26. Diluted EPS was nearly identical at ₹13.37, indicating a simple capital structure with minimal dilutive instruments. The YoY EPS growth of 30% is in line with PBT growth, and the QoQ growth is lower due to the tax normalization effect. The near-equality of basic and diluted EPS confirms that share dilution is not a material factor.

## Management Commentary: Diversified Portfolio Drives Performance

*The following is based on management statements from filing-day announcements.*

Management attributed the quarter’s performance to the resilience of the diversified portfolio and sharp execution across businesses. Consolidated revenue grew 18.4% YoY, driven by strong growth across India and Africa operations. India mobile ARPU reached a record ₹264, with 21.1 million YoY smartphone data customer additions and the highest-ever quarterly postpaid adds of 1 million. Homes revenue surged 33.2% YoY and Airtel Business grew 12% YoY, underpinned by convergence and strong digital services momentum. Africa delivered 21.1% constant currency revenue growth. Management expressed strong conviction in Africa’s long-term growth after completing an EPS-accretive share swap, increasing stake in Airtel Africa to over 79%. Consolidated net debt to EBITDA improved to 1.17 from 1.70 a year ago, with management citing disciplined capital allocation and a strong balance sheet.

## Key Takeaway

Bharti Airtel delivered a quarter of accelerating revenue growth and a sharp rebound in profitability after a Q4 that was distorted by unusual items. The underlying business trends—rising ARPU, strong customer additions, and growth across homes and enterprise—are evident from management commentary. Finance costs are rising but are well covered by revenue growth, and the balance sheet continues to strengthen, with net debt to EBITDA improving significantly. The quarter’s results reflect a business that is generating higher revenue and profit on a year-on-year basis, with the sequential volatility in Q4 largely reversed.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +50.07%
- FII holding: +26.48%
- DII holding: +20.64%
- Mutual fund holding: +11.85%
- Retail holding: +1.29%
- Promoter pledged: +0.00%

### Major reported shareholders

- BHARTI TELECOM LIMITED — +39.51% (Bodies Corporate)
- PASTEL LIMITED — +7.31% (Bodies Corporate)
- LICI NEW PENSION PLUS SECURED FUND — +4.14%
- INDIAN CONTINENT INVESTMENT LIMITED — +3.25% (Bodies Corporate)
- SBI ELSS TAX SAVER FUND — +2.53%
- NPS TRUST A/C - SBI PF NPS JEEVAN SWARNA RETIREMEN — +1.85%
- ICICI PRUDENTIAL MUTUAL FUND - ICICI PRUDENTIAL NI — +1.68%
- HDFC MUTUAL FUND - HDFC TECHNOLOGY FUND — +1.36%
- GOOGLE INTERNATIONAL LLC — +1.14%
- UTI MULTI CAP FUND — +1.06%

## Official filings

- 2026-10-07 — Press Release: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_07102026110048_BhartiAirtelPR.pdf)
- 2026-10-05 — Press Release: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_05102026120416_BhartiAirtelSTXIntimation.pdf)
- 2026-10-01 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_01102026125929_BhartiAirtel-Reg30.pdf)
- 2026-10-01 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2002_WebXMLFile_20261001_130312331.xml)
- 2026-09-29 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_29092026172859_BhartiAirtel-Reg30disclosure.pdf)
- 2026-09-25 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_25092026164258_Bharti_Airtel_-_Closure_of_Trading_Window_-_STX_Intimation.pdf)
- 2026-09-25 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2002_WebXMLFile_20260925_170931765.xml)
- 2026-09-22 — Press Release: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_22092026105601_BhartiAirtel_-_PressRelease.pdf)
- 2026-09-21 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_21092026114223_BhartiAirtelReg30disclosure.pdf)
- 2026-09-18 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_18092026172256_Bharti_Airtel_-_Reg_30_discl.pdf)
- 2026-09-18 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_18092026182443_BhartiAirtelReg30disclosure.pdf)
- 2026-09-18 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2002_WebXMLFile_20260918_183120910.xml)
- 2026-09-17 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_17092026185649_Bharti_Airtel_-_InvestorMeetSTXIntimation_sgd.pdf)
- 2026-09-17 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_17092026185238_Bharti_Airtel_-_InvestorMeetSTXIntimation_sgd.pdf)
- 2026-09-17 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2002_WebXMLFile_20260917_191825115.xml)
- 2026-09-10 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_10092026162121_BhartiAirtel_-_Reg30STXDiscl.pdf)
- 2026-09-04 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_04092026182049_Bharti_Airtel_-_STX_Intimation_sgd.pdf)
- 2026-09-04 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2002_WebXMLFile_20260904_182723238.xml)
- 2026-08-31 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_31082026195258_BhartiAirtelReg30STXIntimation.pdf)
- 2026-08-31 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2002_WebXMLFile_20260831_195722824.xml)
- 2026-08-25 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2002_WebXMLFile_20260825_161430983.xml)
- 2026-08-25 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_25082026161157_Bharti_Airtel_-_Reg_30_disclosure.pdf)
- 2026-08-21 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_21082026172328_Bharti_Airtel_-_Investor_Meet_STX_Intimation_sgd.pdf)
- 2026-08-21 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2002_WebXMLFile_20260821_184616823.xml)
- 2026-08-18 — Generic Announcement: Bharti Airtel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BHARTIARTL_18082026225520_AirtelSTXUpdateonfirstandfinalcall.pdf)

## News and market events

- 2026-10-12 — BUSINESSTODAY: **Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices** — Jio IPO, Jio IPO price band, Jio IPO news, RIL share price, RIL target price, Bharti Airtel target price, Bharti Airtel news, telecom — [Source](https://www.businesstoday.in/markets/stocks/story/jio-ipo-price-band-valuation-cut-for-ril-bharti-airtel-looks-attractive-target-prices-560898-2026-10-12)
- 2026-10-09 — Mint: **Airtel Money IPO: London’s biggest listing in 5 years makes debut — Check how shares performed post-listing** — Airtel Money debuted on the London Stock Exchange in its largest IPO in five years, raising about £529 million and valuing the company at £5.3 billion. The African fintech business serves 53 million monthly users across 13 countries and reported $1.35 billion in FY26 revenue. — [Source](https://www.livemint.com/market/stock-market-news/airtel-money-ipo-london-s-biggest-listing-in-5-years-makes-debut-check-how-shares-performed-postlisting-11791546228190.html)
- 2026-10-07 — Mint: **Airtel hikes postpaid tariffs after over two years, sets the tone for peers | Company Business News** — Airtel’s move comes just weeks ahead of the expected initial public offering (IPO) of Jio Platforms, the parent of Reliance Jio, the market leader by subscribers. — [Source](https://www.livemint.com/companies/news/airtel-postpaid-tariff-hike-jio-platforms-ipo-11791363255988.html)
- 2026-10-07 — CNBC-TV18: **Bharti Airtel shares jump after hiking postpaid tariffs by ₹50 across the board** — The question now being asked is whether this is a pre-cursor to a broader pre-paid tariff hike among telecom operators including Bharti Airtel as well, as the last broad-based tariff hike had taken place back in July 2024. — [Source](https://www.cnbctv18.com/market/bharti-airtel-share-price-postpaid-tariff-hike-50-rupees-new-plans-revenue-contribution-roaming-implications-20006531.htm)
- 2026-10-07 — CNBC-TV18: **11:11 | RBI hikes repo rate for first time in 3.5 years, Titan in focus, Messi's Argentina farewell and more** — Hello and Welcome to CNBC-TV18's Newsletter In today's edition, we take a look at RBI's policy decision, which saw the central bank raise its interest rates for the first time in 3.5 years, Titan shares in focus, Asian Paints dividend, NBFC credit growth accelerates, the Paytm-Visa tie-up and Messi bids adieu to Argentina colours and more with CNBC-TV18. — [Source](https://www.cnbctv18.com/business/1111-rbi-hikes-repo-rate-for-first-time-in-3-5-years-titan-in-focus-messis-argentina-farewell-and-more-20006179.htm)
- 2026-10-07 — BUSINESSTODAY: **Jio IPO listing: Likely impact on Bharti Airtel, RIL shares; MOFSL sees re-rating ahead** — Jio IPO, Jio Platforms IPO, Jio IPO news, Jio IPO impact on Bharti Airtel shares, Jio IPO impact on RIL shares, RIL share price, Bharti Airtel share price — [Source](https://www.businesstoday.in/markets/stocks/story/jio-ipo-listing-likely-impact-on-bharti-airtel-ril-shares-mofsl-sees-re-rating-ahead-560003-2026-10-07)
- 2026-10-05 — BUSINESSTODAY: **Vodafone Idea, Bharti Airtel: Q2 results preview, share price targets** — Vodafone Idea, Bharti Airtel, Q2 results preview, VIL share price, Bharti Airtel share price, VIL share price, Vodafone Idea target price 2026m Bharti Airtel target price 2026 — [Source](https://www.businesstoday.in/markets/stocks/story/vodafone-idea-bharti-airtel-q2-results-preview-share-price-targets-559604-2026-10-05)
- 2026-10-05 — The Hindu: **Sensex today | Stock Market Live: Sensex, Nifty trade flat at noon as crude, bond yields cap gains** — Sensex, Nifty, Stock Price Live: Indian equity markets traded largely flat at noon after opening higher, with the Sensex up 0.07 per cent and Nifty 0.04 per cent. Improved global cues supported sentiment, while elevated crude prices and bond yields capped gains and pressured foreign flows. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-5th-october-2026/article71544056.ece)
- 2026-10-05 — Mint: **Adani outpaces India’s biggest business houses in data centre investments | Company Business News** — The investments come as India’s data-centre capacity is set to surge to 5.65 GW by 2030 owing to demand by AI and cloud firms. — [Source](https://www.livemint.com/companies/adani-data-centre-investment-ai-airtel-reliance-tata-11791170418566.html)
- 2026-10-01 — Economic Times: **Broadcast industry seeks TRAI NTO impact review as media landscape shifts** — Industry executives are calling for TRAI to reassess the New Tariff Order's impact on media regulations. They emphasize the need for lighter, principles-based regulations in response to the shift towards digital platforms. The television industry has seen improved revenues, yet there is a noted migration of viewers to OTT services. Regulators are encouraged to provide flexibility for companies to innovate product offerings. — [Source](https://economictimes.indiatimes.com/industry/media/entertainment/broadcast-industry-calls-for-trai-to-review-nto-impact-amid-rapid-media-evolution/articleshow/134610216.cms)
- 2026-09-30 — Economic Times: **Telcos, consumer groups clash over TRAI’s 5G slicing, coverage map and service quality rules** — Telecom operators and consumer groups differed sharply over TRAIs proposed rules for 5G network slicing, coverage map accuracy and service quality benchmarks. Airtel and Jio opposed the proposed 80% network resource utilisation threshold, while consumer groups backed it. Industry bodies also flagged net neutrality concerns and implementation challenges. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/telcos-consumer-groups-clash-over-trais-5g-slicing-coverage-map-and-service-quality-rules/articleshow/134601188.cms)
- 2026-09-30 — Economic Times: **India Mobile Congress 2026: News, Dates, Speakers & Updates** — India Mobile Congress 2026 latest news, dates, speakers, announcements, 5G, 6G, telecom, AI and technology updates. Get complete coverage of IMC 2026. — [Source](https://economictimes.indiatimes.com/events/india-mobile-congress-2026)
- 2026-09-30 — Economic Times: **How telecom giants are turning India’s mobile networks into AI distribution channels** — Telecom companies like Reliance Jio and Bharti Airtel are integrating AI tools into mobile plans for user accessibility. Users can access advanced digital tools without high subscription costs, increasing the likelihood of long-term customer retention. Specifically, Reliance Jio offers a collaboration with Google while Airtel partners with Adobe for premium services. This innovative approach has led to significant growth in AI tool usage among Indian consumers. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/how-telecom-giants-are-turning-indias-mobile-networks-into-ai-distribution-channels/articleshow/134581614.cms)
- 2026-09-30 — Economic Times: **FIIs dump telecom for 8th straight month, outflows cross Rs 32,000 crore. Are stocks set for rebound?** — Foreign portfolio investors have dumped Indian telecom stocks for the eighth consecutive month, pulling out over Rs 32,000 crore in CY26. Heavy 5G capex, delayed tariff hikes, and legal dues weigh on cash flows, leaving market participants questioning if a stock rebound is near. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/fiis-dump-telecom-for-8th-straight-month-outflows-cross-rs-32000-crore-are-stocks-set-for-rebound/articleshow/134578716.cms)
- 2026-09-30 — BUSINESSTODAY: **Bharti Airtel stock set for a 24% upside, says Kotak Equities; pegs EBITDA CAGR at 14%** — Bharti Airtel shares , Bharti Airtel shares rise, Bharti Airtel shares in news, Bharti Airtel, Airtel Business — [Source](https://www.businesstoday.in/markets/stocks/story/bharti-airtel-stock-for-upside-says-kotak-equities-assigns-buy-call-ebitda-cagr-558661-2026-09-30)
- 2026-09-29 — Economic Times: **Beyond the SIM: Inside Jio and Airtel’s high-stakes AI pivot** — Jio and Airtel are taking their rivalry beyond connectivity as both invest heavily in AI-ready data centres, cloud platforms, enterprise tools and consumer services. Their expanding ambitions reveal how Indias telecom giants are positioning themselves for the next phase of AI adoption, where infrastructure, subscriptions and digital services increasingly converge. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/beyond-the-sim-inside-jio-and-airtels-high-stakes-ai-pivot/articleshow/134565496.cms)
- 2026-09-29 — MONEYCONTROL: **‘Smart move’: Vodafone Idea bundles free roaming to chase subscribers; Nomura stays ‘Neutral’** — Vodafone Idea, Vodafone Idea news, Vodafone Idea latest news, Vodafone Idea shares, Vodafone Idea stock price, Nomura — [Source](https://www.moneycontrol.com/news/business/stocks/smart-move-vodafone-idea-bundles-free-roaming-to-chase-subscribers-nomura-stays-neutral-14040883.html)
- 2026-09-29 — Economic Times: **Bharti Airtel, Vi shares rise up to 2% after Aug mobile subscriber data. Which is Nomura’s top pick?** — India added 55 lakh mobile subscribers in August, according to data from the Telecom Regulatory Authority of India. Reliance Jio continued to lead with 24 lakh new users, while Bharti Airtel gained 21 lakh and Vodafone Idea over 5 lakh. Jio holds a market share of 39.31%, followed by Airtel with 38.01%. The growth in urban subscriptions increased by 0.70% from July to August this year. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bharti-airtel-vi-shares-rise-up-to-2-after-telcos-add-26-lakh-mobile-subscribers-in-aug-which-is-nomuras-top-pick/articleshow/134556047.cms)
- 2026-09-29 — CNBC-TV18: **Mayuresh Joshi prefers Bharti Airtel, stays cautious on Vodafone Idea, metals and Honasa** — Mayuresh Joshi, Director Research, Marketsmith India, discussed why valuations matter after Honasa's sharp rally, shared his outlook on metals, refiners and Vodafone Idea, and explained why Bharti Airtel remains his preferred telecom pick. Could a correction create the right entry point for Honasa? Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions. — [Source](https://www.cnbctv18.com/videos/market/honasa-buy-on-correction-mayuresh-joshi-marketsmith-india-metals-vodafone-idea-bharti-airtel-20000578.htm)
- 2026-09-28 — Economic Times: **Jio leads India’s August mobile subscriber additions, Airtel close behind: TRAI** — Reliance Jio added the most mobile subscribers in India in August at 2.40 million, followed by Bharti Airtel with 2.11 million, Trai data showed. Vodafone Idea added 506,139 users, extending its subscriber growth streak since February. Indias wireless subscriber base rose 5.51 million to 1.293 billion during August. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/jio-leads-indias-august-mobile-subscriber-additions-airtel-close-behind-trai/articleshow/134549004.cms)
- 2026-09-28 — Economic Times: **Singtel seeks FDI approval to enter India’s satellite communications market** — Singtel plans to enter Indias emerging satellite communications (satcom) market, targeting public and private enterprises through its Indian subsidiary Singapore Telecom India. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/singtel-seeks-fdi-approval-to-enter-indias-satellite-communications-market/articleshow/133476699.cms)
- 2026-09-28 — NEWS.WEBINDIA123.COM: **Reliance Jio leads mobile subscriber additions, adds 24 lakh users in August: TRAI data** — Reliance Jio led India's telecom operators in mobile subscriber additions in August, adding around 24 lakh subscribers, according to data released by the Telecom Regulatory Authority of India (TRAI). — [Source](https://news.webindia123.com/news/Articles/Business/20260928/4504596.html)
- 2026-09-28 — CNBC-TV18: **Market Pulse: Key triggers to watch before the September 29 trading session** — Crude oil prices jumped after US President Donald Trump rejected Iran’s proposed conditions for a ceasefire, with Brent crude rising above $106 a barrel. The rise in oil prices, along with higher US Treasury yields, weighed on US stocks on Monday and could keep investors on edge.For Indian markets, there are some positive domestic cues. Industrial output growth rose to 8% in August 2026, while telecom companies added more subscribers during the month. Tata stocks could also be in focus after Tata Trusts, which owns a 66% stake in Tata Sons, proposed merging Tata Electronics Systems Solutions P — [Source](https://www.cnbctv18.com/photos/market/market-pulse-key-triggers-to-watch-before-the-september-29-trading-session-20000332.htm)
- 2026-09-28 — The Hindu: **Jio adds 2.40 million mobile subscribers in August, Airtel gains 2.11 million** — Reliance Jio added nearly 2.40 million mobile subscribers in August, while Airtel gained 2.11 million, according to TRAI data. — [Source](https://www.thehindubusinessline.com/info-tech/jio-gains-24-million-mobile-users-in-august-airtel-21-million-trai-data/article71520420.ece)
- 2026-09-28 — MONEYCONTROL: **Jio, Airtel, Vi add over 5 million mobile users in August as industry base crosses 1.29 billion** — Jio, Airtel, Vi, mobile users in August — [Source](https://www.moneycontrol.com/news/telecom/jio-airtel-vi-add-over-5-million-mobile-users-in-august-as-industry-base-crosses-1-29-billion-14040275.html)

## Business profile

**Strategic vision:** Global telecommunications company offering integrated mobile, broadband, and digital services.

### Business segments
- **Mobile Services:** Offers cellular voice and high-speed data services across India, South Asia, and several countries in Africa.
- **Homes Services:** Provides fixed-line telephone and high-speed fiber-to-the-home (FTTH) broadband services.
- **Digital TV Services:** Direct-to-Home (DTH) satellite television broadcasting services.
- **Airtel Business:** Enterprise business division offering global network connectivity, cloud portfolio integration, and security infrastructure.
- **Data Centers (Nxtra by Airtel):** Operates as Airtel's data center subsidiary, building and managing a network of core and edge data centers across India.
- **Digital Financial Services:** Provides basic banking, deposits, and cash withdrawal services, as well as merchant collection and cash management solutions.

### Competitive strengths
- Integrated business model spanning mobile, home broadband, digital TV, data centers, and digital financial services.
- Extensive physical distribution footprint for banking services.
- National fiber-optic network and undersea cables for enterprise solutions.
- Unified digital interface through the 'Airtel Thanks' application.

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bhartiartl
Markdown representation: https://faxioms.com/stocks/bhartiartl?render=md