Bharti Airtel stock near 52-week low despite strong Q1 growth

Bharti Airtel's stock traded near its 52-week low on October 1, 2026, closing at INR 1,741.10 on the NSE, just 0.87 percent above its yearly low of INR 1,726.05. Despite this, the company's Q1 FY27 financial results showed strong growth, with revenue increasing 18.4 percent year over year to INR 585.39 billion, according to DSIJ's August 6, 2026 report.

The company's adjusted profit after tax rose 35.5 percent to INR 80.57 billion, while EBITDA increased 19.6 percent to INR 333.03 billion. The EBITDA margin expanded by 61 basis points to 56.9 percent. Key metrics included India wireless ARPU at INR 264, up 2.7 percent from the prior quarter and 5.4 percent year over year. The 4G and 5G data customer base grew to 301.8 million.

ICICI Direct Research maintained a Buy rating with a target price of INR 2,350, projecting FY27 consolidated operating income of INR 2,395.91 billion and EBITDA of INR 1,373.27 billion. The broker also forecast ARPU to reach INR 311 by FY28, assuming a 10 percent tariff increase in the second half of FY27. Additionally, Bharti Airtel expanded its postpaid plans to include Apple services like iCloud+, Apple TV, and Apple Arcade for plans priced at INR 999 and above.

Despite the positive financial indicators, the stock remained close to its yearly low, down 0.90 percent from the previous close of INR 1,757.00. The 52-week range stood at INR 1,726.05 to INR 2,174.70, with the stock trading 19.94 percent below its yearly high.