Vodafone Idea
Vodafone Idea Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 5 strong
The short version
Revenue growth guidance: Expecting double-digit revenue growth with a CAGR of around 16.8% over the next 3 years. Vodafone Idea targets sustained net additions, double-digit revenue growth, and a 3x increase in cash EBITDA over the next three years leading to FY29. - Guidance includes a CAGR of around 16.8% in top-line/revenue growth over three years. - Cash EBITDA for the quarter rose by 13.5% YoY and the company aims to triple this metric in three years. - ARPU (Average Revenue Per User) has grown 10.2% YoY; further organic ARPU growth is expected via upgrades from 2G to 4G/5G, and data plan premiumization. - EBITDA margins improved by 120 bps QoQ, indicating profitability improvement. - Continued investments in network expansion (~Rs.
From Vodafone Idea's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Revenue growth guidance: Expecting double-digit revenue growth with a CAGR of around 16.8% over the next 3 years.
- Customer ARPU: Continuous organic ARPU growth driven by premiumization, upgradations from 2G to 4G/5G, and migration to unlimited data and NonStop Hero plans.
- Subscriber additions: Positive net additions across postpaid, prepaid, and M2M segments; improving churn and acquisition quality expected to sustain growth.
- Data usage: Increasing data consumption with 4G/5G subscribers’ data usage growing 25.2% YoY to 21.7 GB/subscriber.
- Network expansion: Capex of ₹45,000 Crore over 3 years targeting rollout of 55,000-57,000 4G sites and 86,000-90,000 5G sites, enhancing coverage and capacity.
- Focus on execution to maintain momentum; financial structure and promoter support to sustain investment and growth trajectory.
Profitability & Margins
See what Vodafone Idea said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Vodafone Idea has a capex plan of Rs. 45,000 Crore over the next 3 years.
- In Q1FY27, capex spend was Rs. 1,930 Crore, somewhat muted due to supply chain headwinds.
- Orders worth Rs. 9,100 Crore have been placed with partners like Ericsson, Nokia, and Samsung.
- The company intends to deploy most of this capex within the next two quarters, with monthly site rollouts of approximately 3,500 4G sites.
- Focus remains on accelerating network expansion, including 5G rollout with over 16,000 5G sites currently live and plans to cover 200+ additional cities in the near term.
- Funding architecture supports this capex via a combination of equity, debt, including ECBs and Indian banks, with Rs. 6,400 Crore raised so far for expansion.
- Strategic emphasis on upgrading customers from 2G to 4G/5G and expanding data capacity to sustain ARPU growth and market competitiveness.
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Vodafone Idea said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Vodafone Idea has already placed orders worth Rs. 9,100 Crore as of Q1 FY27.
- This orderbook includes Rs. 1,930 Crore of capex already deployed during the quarter.
- The company intends to deploy the entire Rs. 9,100 Crore over the next two quarters or less.
- The orders are placed with partners including Ericsson, Nokia, and Samsung.
- The network expansion focus is on accelerating execution based on these placed orders.
- This reflects a strong and active pending orderbook supporting the planned capex of Rs. 45,000 Crore over the next three years.
Vodafone Idea — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹11.3K Cr, net profit ₹52.0K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Vodafone Idea's management said in earlier quarters
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Frequently Asked Questions
What were Vodafone Idea Q1 FY27 results?
Revenue growth guidance: Expecting double-digit revenue growth with a CAGR of around 16.8% over the next 3 years. Vodafone Idea targets sustained net additions, double-digit revenue growth, and a 3x increase in cash EBITDA over the next three years leading to FY29. - Guidance includes a CAGR of around 16.8% in top-line/revenue growth over three years. - Cash EBITDA for the quarter rose by 13.5% YoY and the company aims to triple this metric in three years. - ARPU (Average Revenue Per User) has grown 10.2% YoY; further organic ARPU growth is expected via upgrades from 2G to 4G/5G, and data plan premiumization. - EBITDA margins improved by 120 bps QoQ, indicating profitability improvement. - Continued investments in network expansion (~Rs.
What is Vodafone Idea share price analysis?
Vodafone Idea currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹151,030 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vodafone Idea planning capital expenditure?
Vodafone Idea has a capex plan of Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.