The Portfolio · BriefAll articles →
Quarterly Results

BHARTIARTL · Bharti Airtel Limited · NSE · Filed 4 Aug · 1 min read

Airtel raises Africa stake past 79% in EPS-accretive share swap as Q1 FY27 revenue climbs

Bharti Airtel reported Q1 FY27 consolidated revenue of Rs 58,539 crore and completed a share swap lifting its Airtel Africa PLC holding to over 79%.

What was filed

Bharti Airtel released its press release on audited consolidated results for the first quarter ended June 30, 2026 (Q1 FY27). The filing reports growth across the group's India and Africa operations, alongside a corporate action completed during the quarter — a share swap that raised the company's stake in Airtel Africa PLC to over 79%, which the company described as EPS-accretive.

The company said India revenue growth was driven by portfolio premiumisation in Mobile and momentum in the Homes and Airtel Business segments, while Africa grew in constant-currency terms.

The operating picture

Per the filing, the group added 14.9 million customers during the quarter to reach a base of 681 million across 15 countries. Growth was broad-based: India mobile revenue rose 9.2% YoY, the Homes segment grew 33.2% YoY, and Airtel Business grew 12.0% YoY. Africa delivered 21.1% YoY revenue growth in constant currency.

The company also flagged its highest-ever quarterly postpaid additions of 1.0 million, taking the postpaid base to 30.0 million, and noted smartphone data customers now represent 80% of total mobile customers. Margin and leverage figures are set out in the key facts alongside.

The Africa stake increase

The most notable corporate event in the filing is the completed share swap increasing Airtel's holding in Airtel Africa PLC to over 79%. The company characterised the transaction as large and EPS-accretive, framing it as reinforcing its position in the Africa business. The release does not disclose the transaction's specific consideration or share count.

Consolidated revenue (Q1 FY26)
Rs 49,463 → Rs 58,539 crQ1 FY26 → Q1 FY27+18%
Consolidated EBITDA (Q1 FY26)
Rs 28,167 → Rs 33,599 crQ1 FY26 → Q1 FY27+19%
Net Debt to EBITDA (annualised)
1.17 (from 1.70 a year earlier)
Airtel Africa stake
over 79%
Total customer base
681 million
Consolidated capex (Q1 FY27)
Rs 13,386 crore

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the filing sets out the company's quarterly financial and operating performance and confirms a completed transaction that raises its ownership of the Africa business, changing the group's consolidation profile and reported leverage. Specific terms of the share swap are not detailed in this release.

Share this

The brief

You just read one filing on Bharti Airtel. We do this every morning — for the stocks you own.

A calm, cited reading of your own holdings, delivered daily on Telegram or email. No tips.

Free during the pilot.

Read all articles