Bharti Airtel posts strong Q2 FY26 revenue and profit growth

Bharti Airtel reported quarterly revenues of ₹52,145 crore for Q2 FY26, a 25.7% year-over-year increase and 5.4% sequentially, with consolidated EBITDA reaching ₹29,919 crore at a 57.4% margin. Net income before exceptional items stood at ₹6,792 crore for the quarter, up 73.6% from Q2 FY25. For the six months ended September 30, 2025, consolidated revenues were ₹1,016,080 million, with profit before tax at ₹228,267 million.

India's business contributed ₹38,690 crore in quarterly revenues, growing 22.6% YoY, driven by mobile premiumization, Homes segment momentum, and improved Airtel Business performance. Mobile ARPU increased to ₹256, alongside a 26.6% rise in mobile data consumption. Africa’s revenue in constant currency grew 24.2% YoY, with an EBITDA margin of 48.8%.

The company also highlighted an improved Net Debt (excluding lease obligations) to EBITDAaL ratio (annualized) of 1.19 times, down from 2.50 times in Q2 FY25, reflecting disciplined capital allocation and deleveraging efforts. Total comprehensive income for the quarter was ₹106,643 million, bringing the six-month total to ₹184,846 million.