Street View: Bharti Airtel outlook upbeat on Q4 momentum, Africa deal

Bharti Airtel

14/05/2026 06:33

** Shares of Bharti Airtel BRTI.NS up 2.4% to 1,832.7 rupees

** Telecom operator posts a 35.8% rise in consolidated pre-profit tax to 132.05 billion rupees ($1.38 billion) for the March-qtr

** Co approves 282.2 billion rupee share-swap transaction to raise its holding in Airtel Africa by up to 16.31% from the current 62.7%

STRONG Q4, ARPU REMAINS A WATCH

** Jefferies ("Buy"; PT: 2,350 rupees) says Q4 performance offers comfort on high-single-digit growth in India mobile without tariff hikes; expects 13% CAGR in EBITDA for FY26-FY29

** Says proposed share swap agreement for Airtel Africa is on better-than-expected terms and may lower concerns on future stake sales by Singtel

** Morgan Stanley ("Overweight"; PT: 2,450 rupees) says good beat in India mobile revenues and EBITDA, led by higher-than-expected subscribers of 373.2 million

** Flags concerns about Indian mobile ARPU, which declined QoQ

** JP Morgan ("Overweight"; PT: 2,300 rupees) expects growth acceleration outside of wireless, confidence of tariff repaid, deleverage and rising dividends to be key positive catalysts

($1 = 95.8163 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))