On a quarterly basis, Bharti Airtel revenue rose from Rs 418,605 million in Q1 FY2025 to Rs 494,626 million in Q1 FY2026, marking an 18 percent year-on-year increase. This growth was driven primarily by its India business, which accounted for Rs 375,846 million in Q1 FY2026, a 16 percent increase from Rs 324,847 million in the same quarter last year.
Airtel Africa revenue also grew to Rs 120,834 million in Q1 FY2026 from Rs 96,369 million a year ago.
Across segments, mobile services remained the largest contributor, generating Rs 273,966 million in revenue in Q1 FY2026 with 22 percent growth year-on-year.
Homes services and digital TV posted 26 percent and 2 percent changes, respectively, while Airtel Business revenue declined by 8 percent.
The passive infrastructure segment contributed Rs 80,576 million, marking 9 percent growth.
In dollar terms, Airtel’s quarterly consolidated revenue reached $5.79 billion in Q1 FY2026, up from $5.02 billion in Q1 FY2025. This consistent rise in revenue reflects Airtel’s strong performance across geographies and business segments.
Bharti Airtel reported consistent revenue growth over the past three financial years. In FY2025, its consolidated revenue reached Rs 1,815,110 million, up from Rs 1,643,643 million in FY2024 and Rs 1,539,257 million in FY2023.
Subscribers
Bharti Airtel added 15 million subscribers over the past year, with its total customer base increasing from 590.5 million in June 2024 to 605.5 million in June 2025. In India, the subscriber base rose from 409.3 million to 436.1 million during the same period, reflecting a year-on-year growth of 6.6 percent.
The Africa region also contributed significantly, with the customer base increasing from 155.4 million to 169.4 million, representing a 9 percent growth.
Specifically, Airtel’s mobile services in India saw a sequential addition of 1.2 million subscribers in the quarter ending June 2025, taking the total to 362.8 million.
In the home broadband segment, the company added 939,000 new customers, while the digital TV segment experienced a decline with a loss of 204,000 subscribers over the same quarter.
ARPU
Airtel’s average revenue per user (ARPU) in India has shown a consistent upward trend over the past year. For its mobile services, ARPU increased to Rs 250 in the quarter ending June 2025, up from Rs 245 in the previous quarter and Rs 211 a year earlier, reflecting an 18.8 percent year-on-year growth. In US dollar terms, mobile ARPU rose to $2.9 from $2.8 sequentially and $2.5 in the prior year.
In the home broadband segment, ARPU declined slightly to Rs 537 in June 2025 from Rs 543 in March 2025, and was lower than Rs 572 in June 2024, showing a year-on-year decline of 6.1 percent.
For digital TV services, ARPU remained stable at Rs 161 in June 2025 compared to Rs 162 in the previous quarter and Rs 159 a year ago, indicating minimal fluctuation. These figures reflect strong monetization in mobile services, a slight pressure in broadband pricing, and overall stability in the DTH business
Capex
Airtel’s capital expenditure (Capex) has varied over the last year, reflecting its evolving investment strategy across regions and business segments. Capex declined to Rs 83,070 million in the quarter ending June 2025, down from Rs 97,288 million in the same quarter a year ago, indicating a 15 percent reduction.
For the India business, Capex also saw a decline, reaching Rs 72,734 million in June 2025 compared to Rs 85,034 million in June 2024. Within India, the mobile services segment reduced its Capex significantly to Rs 29,588 million from Rs 48,481 million a year earlier, while the home services segment more than doubled its investments to Rs 14,571 million from Rs 7,072 million, signaling increased focus on broadband expansion.
Digital TV Capex declined to Rs 3,057 million from Rs 4,078 million. Airtel Business reduced Capex to Rs 7,312 million from Rs 8,181 million, and investments in passive infrastructure services rose slightly to Rs 19,527 million from Rs 18,819 million.
In Africa, Capex dropped to Rs 10,336 million in June 2025 from Rs 12,254 million in June 2024. These trends highlight a strategic reallocation of resources, with a cautious approach to spending in mobile and DTH, and higher investments in fixed broadband infrastructure.
Baburajan Kizhakedath
