Gurugram, India, May 13, 2026: Bharti Airtel Limited  today announced its audited consolidated results for the quarter ended March 31, 2026.

Q4’26 Performance:

Q4’26 consolidated revenues at Rs 55,383 crore, up 15.7% YoY and 2.6% QoQ, driven by strong results in India and Africa.

Consolidated EBITDA at Rs 32,038 crore with EBITDA margin of 57.8%.

India revenues for Q4’26 came in at Rs 39,566 crore, growth of 7.7% YoY and 0.9% QoQ.

India Mobile revenue increased by 8.3% YoY, driven by higher realizations and an expanding customer base.

The company achieved strong ARPU growth, with an Average Revenue Per User (ARPU) of Rs 257 for Q4’26, up from Rs 245 in Q4’25.

We fortified our leadership in postpaid segment, as evidenced by a sustained net addition of 0.8 million customers, bringing our total customer base to 29.0 million.

The number of smartphone data customers increased by 20.0 million over the past year, representing a 7.2% YoY growth.

During Q4’26, 2,426 towers and 16,746 mobile broadband base stations were deployed. Over the past year, 7,883 towers were added and 43,290 kilometers of fiber was deployed to further strengthen our digital infrastructure.

During the quarter we crossed a milestone of 650 million customers and consolidated our position as second largest telco globally by customer base – India’s first telco to achieve this landmark, backed by our customer obsession and a world-class digital network.

The Homes segment saw robust revenue growth of 37.3% YoY, driven by strong base expansion. We added 1.1 million customers this quarter, reaching a total customer base of 14.2 million.

Airtel Business reported a 2.6% increase in revenue on a sequential basis, driven by sustained performance across the portfolio.

During the quarter, Airtel announced investment of US$ 1 Billion by Alpha Wave Global, Carlyle and Anchorage Capital, through their affiliates, in Nxtra Data Limited (“Nxtra”), a subsidiary of Bharti Airtel engaged in the data center business, to expand its network across India and accelerate growth. Airtel will also participate in this round.

Bharti Airtel and Google announced a collaboration to offer a secure and engaging messaging experience for millions of users in India. By combining Airtel’s network intelligence with Google’s Rich Communications Services (RCS) platform and spam filtering, users get to experience RCS messaging with high-quality photo/video and interactive elements like message reactions, all while benefiting from enhanced protections that significantly reduce mobile spam and digital fraud.

Bharti Airtel and Zscaler, Inc. announced the launch of the AI & Cyber Threat Research Center – India. This multi-stakeholder digital initiative is dedicated to advancing national cyber resilience, protecting sectors, industries and assets that are essential to India’s economic and national security, as well as digital users, and accelerating trusted AI adoption across India’s rapidly expanding digital ecosystem

Digital TV generated revenues of Rs 747 crore, with a total customer base of 16.0 million.

Our IPTV services are demonstrating robust growth & leading our convergence agenda.

As a global first offering, Airtel offered its customers with free access to Adobe Express Premium. We partnered with Adobe to offer Adobe Express to our customers, enabling users across India to create high-quality content through a seamless, easy-to-use application.

During the quarter, Bharti Airtel announced major plans for its Non-Banking Financial Company (NBFC), Airtel Money Limited, underscoring its commitment to narrow the credit gap in India. The NBFC subsidiary will be capitalised with Rs 20,000 crore to be injected over the next few years. Airtel will contribute 70% with the promoter group via Bharti Enterprises Limited, bringing in the balance 30%. With strong digital assets, a large data and analytics engine powered by 500+ data scientists, and deep operational expertise, Airtel aims to rapidly expand access to simple, secure, and innovative digital financial services across India.

Consolidated EBITDA increased by 16.9% YoY, reaching Rs 32,038 crore in Q4’26.

Consolidated EBITDA margin at 57.8%, with India EBITDA margin at 60.6%.

Consolidated EBIT increased by 21.4% YoY, reaching Rs 18,156 crore. Consolidated Net Income (before exceptional items) for the quarter at Rs 7,245 crore vs Rs 5,223 crore in corresponding quarter last year.

Capex for the quarter stood at 16,066 crore, with sustained investments across 5G densification, accelerated fiber deployment, Connected Homes growth, Airtel business and Data Centers.

The Consolidated Net Debt to EBITDA ratio (annualized) is 1.29 times, compared to 1.86 times as of March 31, 2025.

The Consolidated Net Debt (excluding leases) to EBITDAaL (annualized) ratio is 0.79.

For FY 2025-26, the Board has recommended a final dividend of Rs. 24 per fully paid-up equity share of face value of Rs. 5 each and Rs. 6 per partly paid-up equity share of face value of Rs. 5 each (paid-up value of Rs. 1.25 per equity share), on which call money remains unpaid.

In a statement, Gopal Vittal, Executive Vice Chairman, said:

We ended FY26 on a strong note, demonstrating the power of our diversified portfolio. FY26 was an important year in our journey – we crossed the 650 million customer mark, launched our telco grade sovereign cloud, received RBI approval through our subsidiary to commence the lending business, and accelerated the expansion of our data centre footprint. We will continue to accelerate our investments towards building world class digital networks, future proof Airtel by putting AI at the heart and sharpen our portfolio for long-term growth. In addition a major focus for us is to completely eliminate diesel from our operations. We are working with Indus Towers to scale clean energy. 

Consolidated revenue for the quarter came in at ₹ 55,383 crore with a sequential growth of 2.6%. Africa had a stand out performance.

India revenue, including passive infrastructure services, grew 0.9% sequentially, while Africa delivered a constant currency growth of 1.1% QoQ.

India Mobile achieved sequential growth of 0.6%, despite two lesser number of days in the quarter. We added 5.8 million smartphone customers and 0.8 million postpaid customers, underscoring our focus on quality customers and portfolio premiumization. Our industry leading ARPU stood at Rs 257.

The Homes business sustained a robust growth trajectory with sequential revenue increase of 9.5%, led by 1.1 million net customer additions. Our IPTV offering continues to gain traction delivering strongly on our convergence strategy.

Airtel Business grew sequentially by 2.6%, driven by strong performance across our connectivity and digital portfolio.

Our balance sheet strength is underpinned by disciplined execution and prudent capital allocation. At the same time, we believe further tariff repair remains critical to support continued investments and long-term value creation.