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Earnings Call

Vodafone Idea Earnings Call: Key Takeaways

Vodafone Idea Q4FY26 revenue reached ₹11,332 Cr with EBITDA at ₹4,889 Cr. Strategy focuses on 4G/5G expansion and ARPU growth.

Highlights
Revenue growth2.9% YoY for Q4FY26
MarginsEBITDA margin improved to 43.1% in Q4
Demand visibilityStrong data usage growth (30.1% YoY)
Management confidenceHigh on ARPU and 5G

Growth

FY26 Revenue grew 2.9% YoY to ₹44,873 Cr; Cash EBITDA up 4.8% to ₹9,217 Cr.

Outlook

Capex plan of ₹45,000 Cr till FY29; target to thrice Cash EBITDA in 3 years.

Risks

Continued subscriber churn with EOP subs declining from 198.2 Mn to 192.8 Mn YoY.

Last quarter's promises, checked

Delivered

  • Guided to stabilize sub base → Delivered 192.8M (first stabilization post-merger = BEAT)
  • Guided 7 KPI delivery → Delivered performance against all 7 parameters (= BEAT)
  • Guided bank debt reduction → Reduced to ₹726 Cr from ₹2,326 Cr (= BEAT)

Partly delivered

  • Guided 5G rollout → Live in 80+ cities vs 145+ mentioned in summary (= PARTIAL)

Missed

  • Guided FY26 Capex → Delivered ₹8,742 Cr vs ₹9,600 Cr in FY25 (= MISS)
Source

Earnings Call filed with BSE, NSE: IDEA. Summary written with AI assistance from the document.

Read the document ↗

Vodafone Idea Ltd: key numbers

Share price
₹14.26
Market cap
₹1,54,497 Cr
Revenue (annual)
₹44,873 Cr
Net profit (annual)
₹34,552 Cr
P/E (TTM)
4.1×Sector 33.0×
Promoter holding
25.64%+0.00% QoQ
FII holding
6.17%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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