Bharti Hexacom Poised for Growth, Says Motilal Oswal

Motilal Oswal has identified strong growth potential in Bharti Hexacom, citing the company's strategic expansion in wireless and broadband services. The brokerage highlights Hexacom's advantageous market position, characterized by consolidated operational circles that enhance pricing power and reduce customer acquisition costs. Bharti Hexacom has effectively leveraged

el's premiumization strategy, which focuses on converting non-data users to data, shifting prepaid subscribers to postpaid plans, and offering bundled services. This approach has resulted in the company achieving the highest Average Revenue Per User (ARPU) in its operating regions. This is supported by strategic tariff adjustments and a substantial increase in data subscriber penetration, rising from 56 percent in FY21 to 76 percent in the first nine months of FY25. Motilal Oswal believes these factors position Hexacom for continued robust growth.