Download the ETTelecom App and get the Realtime updates and Save your favourite articles. Analysts across brokerages said the fourth quarter of FY26 is likely to be "immaterial" in terms of headline growth, with investor focus shifting to upcoming tariff hikes and the next phase of capital expenditure. For Bharti Airtel, it expects average revenue per user (ARPU) to remain flat at around ₹259, with subscriber additions of about 3 million. IPO-bound Jio is also expected to report sustained growth momentum on the back of increasing AirFiber and 5G connections.Brokerage ICICI Securities also expects steady earnings supported by premiumisation and subscriber additions, though sequential growth will appear muted. It expects a 10-12% tariff hike over the next 3-6 months, which could act as a key trigger for the sector.

Source: Economic Times April 07, 2026 14:12 UTC