Bharti Airtel Q1 Results Preview: Brokerages See Strong Revenue, EBITDA Growth; Africa Business to Support

India's second-largest telecom operator, Bharti Airtel, will announce its June quarter earnings on Tuesday, with analysts forecasting a healthy rise in revenue and operating performance despite continued investments in network expansion. Strong customer additions, improving wireless monetisation and sustained growth across the Africa business are expected to remain the key pillars supporting the company's quarterly performance.

Bharti Airtel Q1 Results: Check Date, Time & Earnings Call Announcement Schedule

According to a regulatory filing with the stock exchanges, Bharti Airtel's Board of Directors is scheduled to meet on Tuesday, August 4, 2026, to consider and approve the company's standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27).

Airtel Q1 Preview: Revenue Expected to Cross Rs 56,900 Crore

Brokerage firm Axis Securities expects Bharti Airtel to deliver another quarter of healthy financial performance, driven primarily by sustained subscriber growth across its wireless business and continued strength in its Africa operations.

The brokerage estimates consolidated revenue at Rs 56,934 crore, reflecting an annual growth of 15.1%. The expected increase is likely to be supported by healthy customer additions, improving data consumption and continued momentum in Airtel Africa, which has remained an important contributor to the company's overall earnings profile.

Axis Securities also expects the company's operating profitability to remain resilient. EBITDA margin is projected to improve by 45 basis points year-on-year to 31.5%, indicating continued operating leverage despite higher investments across the business.

However, on a sequential basis, the brokerage expects EBITDA margin to decline by around 69 basis points, mainly due to higher operating expenses associated with ongoing network expansion and increased investments in the company's growing data centre business.

Airtel Homes and Africa Businesses Expected to Drive Sequential Growth

Domestic brokerage Motilal Oswal Financial Services also remains constructive on Airtel's June quarter performance, expecting the telecom operator to report 4% quarter-on-quarter growth in consolidated revenue.

According to the brokerage, the company's Homes business is likely to remain one of the strongest growth drivers during the quarter, with revenue expected to increase by 6% sequentially. Airtel Africa is also projected to deliver around 5% quarter-on-quarter growth, aided partly by favourable currency movements across key operating markets.

The brokerage further expects consolidated reported EBITDA to grow 2.6% quarter-on-quarter, supported by healthy operating performances across the Homes, Enterprise and Indus Towers businesses.

Airtel's Wireless Business Likely to Remain the Biggest Earnings Driver

The India wireless segment is expected to continue underpinning Airtel's overall earnings performance during the June quarter.

Motilal Oswal estimates 2.5% quarter-on-quarter growth in India's wireless revenue as well as reported EBITDA, supported by one additional operating day during the quarter and steady subscriber additions.

The brokerage also expects Airtel's wireless Average Revenue Per User (ARPU) to improve to around Rs 260, representing approximately 1% sequential growth. In addition, it forecasts around 4 million paying wireless subscriber additions and 5.5 million net additions across 4G and 5G users, highlighting continued migration towards higher-value data services.

"We expect 2.5% QoQ growth in India wireless revenue/ reported EBITDA driven by one extra day and steady subscriber net adds. Expect wireless ARPU of INR260 (+1% QoQ) and 4m/5.5m paying wireless/4G-5G net add," the brokerage said.

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