Bharti Airtel Q1 FY27 Strong Growth, Africa Expansion

Event Type: Q1 ended June 30, 2026 Earnings Webinar for Bharti Airtel Limited and Bharti Hexacom Limited, including post-results investor interaction and Q&A session.

Purpose: Discussion of audited financial results for the first quarter ended June 30, 2026, including operational performance, strategic updates, and future outlook.

Management Participants:
Mr. Gopal Vittal, Executive Vice Chairman, Bharti Airtel Limited
Mr. Shashwat Sharma, Managing Director and CEO (Airtel India), Bharti Airtel Limited
Mr. Soumen Ray, Group CFO, Bharti Airtel Limited and Director, Bharti Hexacom Limited
Mr. Akhil Garg, CFO (Airtel India), Bharti Airtel Limited
Mr. Naval Seth, EVP - Group Investor Relations, Bharti Airtel Limited
Mr. Karthikeyan Velu, Group Financial Controller, Bharti Airtel Limited and CFO, Bharti Hexacom Limited
Vaidehi Sharma, Moderator

Forward-Looking Statements: Management discussed several strategic initiatives including Africa expansion, Airtel Money London listing planned for H2 2026, data center scaling to 1 gigawatt, Airtel Cloud growth, and 5G network development.

Availability of Materials: The transcript of the call is available on the Company's website at https://www.airtel.in/about-bharti/equity/results

Compliance Language: The moderator reminded participants that the discussions included forward-looking statements that must be viewed in conjunction with the risks faced by the company.

Bharti Airtel Consolidated Performance:

Africa Business:

Constant currency revenue growth: 5.7%
Annualized EBITDA: Over ₹35,000 Crores
Airtel Money Q1 revenue: Over $400 million (26% YoY growth in constant currency)
Completed share swap transaction increasing Airtel stake to over 79%

India Business Performance:

Airtel Payments Bank:

Airtel Finance:

Africa Strategy:

Significant long-term opportunity with tele-density at 45%, smartphone penetration at 52%
Median age under 18 years across 14 countries with 680 million population
Home broadband penetration only 2% with 30 million addressable households
Expanding Indus Towers to Africa for tower operations

New Growth Bets:

1. Financial Services: Lending services live, using existing digital platforms

2. Data Centers: Targeting 1 gigawatt capacity, current market share ~12%

3. Airtel Cloud: Added 11 new customers (total 33), received MeitY certifications

4. 5G & Network: Fast Lane technology using network slicing, 5G standalone deployment

India Strategy Pillars:

1. Quality customers through premiumization and convergence

2. Brilliant customer experience with network investments and digital innovation

3. Digital capabilities using AI across operations

4. War on Waste program (optimized ₹11,000 Crores over 5 years)

The document includes the full transcript of the earnings call with analyst Q&A session.

The transcript contains detailed financial data and operational metrics as disclosed in the call.

The meeting was conducted via Zoom webinar platform with raised hand functionality for Q&A.

The call included separate sessions for Bharti Airtel (until 12:00 PM) and Bharti Hexacom (from 1:00 PM onwards).

Bharti Hexacom Performance Highlights (from latter part of call):