Bharti Airtel, Hexacom ARPU Expected to Rise 15-17 Percent: Axis Capital
Bharti Airtel and Hexacom are likely to experience the highest tariff transmission, with ARPU projected to increase by 15-17 percent compared to 1QFY25. Reliance Jio and Vodafone Idea (VIL) are anticipated to see ARPU growth of 12 percent and 11 percent, respectively. While there may be some limited residual benefits in 4Q, ARPU growth is expected to remain steady thereafter, driven by subscriber premiumisation, consistent with trends observed before the... Read More