Airtel Q1 FY26 Deep Dive: Subscriber Growth and Margin Boosts Explained (MAJOR SUPPORT)

Key Financial Metrics Consolidated net profit of ₹5,948 crore, marking a 43% year-on-year increase, but down 46% quarter-on-quarter and slightly missing estimates of ₹6,024 crore. Revenue from operations grew 28% YoY to ₹49,463 crore and rose 3.3% sequentially. EBITDA stood at ₹28,167 crore, up 41.2% YoY, with a margin of 56.9%, compared to 56.3% in the preceding quarter. EBIT surged 67% YoY to ₹15,621 crore, underscoring operational leverage. Segment-wise Performance India Business Revenue of ₹37,585 crore, up 29% YoY and 2.3% QoQ, fueled by premiumisation in mobile services and Homes business. Mobile services revenue grew 21.6% YoY, supported by ARPU improvement to ₹250 and the addition of 4 million smartphone data customers sequentially. Africa Business Reported 6.7% growth in constant currency, aided by recovery in African operations and forex tailwinds. Homes Broadband Homes revenue climbed 25.7% YoY, with record net additions of 939,000 Wi-Fi customers, expanding the base to 11 million households. Added 1.6 million home-pass fiber connections to bolster fixed-line network reach. Enterprise and Digital TV Enterprise revenue declined 7.7% YoY, reflecting a pivot away from low-margin contracts, though core connectivity remained stable. Digital TV revenue slipped 1.8% YoY, while passive infrastructure services grew 4.3% sequentially with 2,500 new sites added. Operational Highlights Total subscriber base reached 436 million, up 6.6% YoY, demonstrating continued customer traction. Average mobile data usage rose 21.6% YoY to 26.9 GB per user per month, underscoring rising data consumption trends. Infrastructure expansion included ~1,800 new towers and 7,500 mobile broadband sites in the quarter; over the past year, 15,400 towers and 43,700 km of fiber were added to enhance network coverage and capacity. MAJOR SUPPORT AT 1880 MAJOR RESISTANCE AT 2000