Vodafone Idea Ltd
Vodafone Idea Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Vodafone Idea is focusing on expanding 4G and 5G coverage to drive growth, targeting 90% 4G population coverage in the next few quarters from current 84%. Revenue grew 2.4% YoY and 1.6% QoQ in Q2 FY26, reflecting steady growth momentum.
From Vodafone Idea Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Vodafone Idea is focusing on expanding 4G and 5G coverage to drive growth, targeting 90% 4G population coverage in the next few quarters from current 84%.
- 5G services have expanded to 29 cities across 17 circles, contributing to increased data usage and customer engagement.
- Data usage per customer has increased significantly by 7.8% QoQ and 20% YoY, indicating growth in volumes and engagement.
- New product offerings like "Non-Stop Hero Plan" and "Vi Guarantee Program" are driving subscriber acquisition, retention, and revenue growth.
- Network capacity improvements (38% increase in 4G data capacity) and upgraded network infrastructure aim to support higher data consumption and premiumization.
- The company anticipates a positive inflection in subscriber additions soon, tied to coverage expansion and enhanced network experience.
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Profitability & Margins
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Capital Expenditure Plans
- Vodafone Idea plans a capex of Rs. 7,500-8,000 crores for FY26, funded through internal accruals without external funding.
- Focus of capex is a mix of expanding 4G and 5G coverage, with emphasis on coverage over capacity creation.
- In Q2FY26, Rs. 1,750 crores was invested, adding over 1,500 new unique 4G towers and deploying around 3,200 new sites on sub-GHz 900 MHz spectrum plus 3,600 sites on 1800 & 2100 MHz bands.
- Over the last year, around 19,000 broadband locations and 90,000 broadband sites were added; total broadband site count reached ~527,000.
- 5G services expanded to 29 cities in 17 circles, with incremental rollouts based on demand and handset penetration.
- Strategic investments also include digital ecosystem expansion via the Vi App and partnerships (e.g., with Aditya Birla Capital) to drive new digital revenue streams.
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Top-ranked in Telecom - Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Vodafone Idea Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Vodafone Idea Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
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Frequently Asked Questions
What were Vodafone Idea Ltd Q2 FY26 results?
Vodafone Idea is focusing on expanding 4G and 5G coverage to drive growth, targeting 90% 4G population coverage in the next few quarters from current 84%. Revenue grew 2.4% YoY and 1.6% QoQ in Q2 FY26, reflecting steady growth momentum.
What is Vodafone Idea Ltd share price analysis?
Vodafone Idea Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹152,872 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vodafone Idea Ltd planning capital expenditure?
Vodafone Idea plans a capex of Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.