Bharti Airtel Gains Market Share Across Businesses: ICICI Securities
A customer is served at a stall selling Bharti Airtel Ltd. SIM card packets outside a mobile phone store in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Bharti Airtel Gains Market Share Across Businesses: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Bharti Airtel Ltd.’s Q3 FY21 performance was exemplary with strong execution and market share win across mobile, fibre-to-the-home, enterprise and direct-to-home.

We are impressed by its 4G and postpaid sub additions and improvement in customer engagement metrics versus peers.

Also, higher 4G sub-base will enable the company to better translate tariff hike into average revenue per user whenever the hike happens (we believe it is matter of ‘when’ and not ‘if’).

It gives us strong confidence in higher than assumed terminal revenue market share for the company.

Click on the attachment to read the full report:

ICICI Securities Bharti Airtel Q3FY21 Results Update.pdf

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