Q4 2026 Bharti Airtel Ltd Earnings Call Transcript
Key Points
- Bharti Airtel Ltd (BOM:532454) reported a lifetime high consolidated revenue of INR211,000 crore for FY26, driven by strong performance in both India and Africa.
- The company achieved an EBITDAal margin of 51.2%, with India EBITDAal growing by around 18% and delivering a 3.1% improvement.
- Bharti Airtel Ltd (BOM:532454) declared a significant dividend increase to INR24 per share, up from INR16 per share last year, reflecting a progressive dividend policy.
- The company is making strategic investments in new growth areas such as data centers, financial services, and Airtel Talk, with a $1 billion fund raise for Nxtra and RBI approval for Airtel Money Limited.
- Bharti Airtel Ltd (BOM:532454) is focused on expanding its fiber network, having rolled out nearly 43,000 kilometers of fiber and 7,800 more network sites in FY26.
- The company faces challenges from the ongoing geopolitical crisis, including INR depreciation and increased energy prices, impacting international CapEx and operations.
- Bharti Airtel Ltd (BOM:532454) reported a modest ARPU increase of INR3, which was below expectations, partly due to the West Asia crisis affecting international roaming revenues.
- The company is experiencing cost pressures in servers and memory spaces, as well as availability issues for these components.
- There is a widening market share gap between Bharti Airtel Ltd (BOM:532454) and its competitor Jio, with Jio leveraging fixed wireless access for faster customer acquisition.
- The company's interest and finance costs remain high despite efforts to deleverage, with costs not falling in line with the reduction in net debt.
(technical difficulty) Present with us today is the Senior leadership team of Bharti Airtel and Bharti Hexacom Limited.
I must remind you that the overview and discussions today may include certain forward-looking statements that must be viewed in conjunction with the risks that we face. Post the management opening remarks, we will open up for an interactive Q&A session.
(Operator Instructions) With this, I would like to hand over to Mr. Soumen Ray for his opening remarks.
Thank you, Vaidehi. Welcome to the Q4 FY26 earnings call of Bharti Airtel Limited. I have with me Gopal, Shashwat, Akhil and Naval. Pleased to inform you that today, we will have Mr. Sunil Bharti Mittal, Chairman, Bharti Airtel Limited.
Joining us for the last 10, 15 minutes of the webinar to address queries relating to promoter shareholding. I will now start with an update on our consolidated financials for the fourth quarter and full year ended FY26. Post which, I will hand over to Shashwat to
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