Bharti Airtel, Reliance Jio Continue To Win AGR Market Share In Q1: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Industry adjusted gross revenue (including National Long Distance) in Q1 FY25 for top three players grew 1.2% QoQ/8.3% YoY to Rs 589 billion, despite the absence of any major tariff intervention. AGR growth may accelerate from next quarter as telcos benefit from large tariff hike taken in July 2024. Bharti Airtel Ltd.’s AGR (incl. NLD) market share stood at 38.3%, up 39 basis point QoQ, with YoY incremental AGR of Rs 22 billion versus RJio’s at Rs 24 billion. Bharti is consistently narrowing its market share gap versus RJio. Bharti Hexacom Ltd.’s AGR (excluding NLD) market share improved to 43.6%, up 18bp QoQ with good performance in NE circles. Vodafone Idea Ltd.’s AGR market share dipped to 15%, down 44bp QoQ, pending acceleration in data network rollout. RJio’s market share improved only 60bp QoQ to 42.7% with steady performance across circle categories except metros..Click on the attachment to read the full report:.SignatureGlobal- Compounding Story Intact; Possible Foray Into New Markets A Key Monitorable: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bharti Airtel, Reliance Jio Continue To Win AGR Market Share In Q1: ICICI Securities

Bharti Hexacom’s AGR (excluding NLD) market share improved to 43.6%, up 18bp QoQ with good performance in NE circles, adds the brokerage.

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Bharti Airtel, Reliance Jio Continue To Win AGR Market Share In Q1: ICICI Securities

Bharti Hexacom’s AGR (excluding NLD) market share improved to 43.6%, up 18bp QoQ with good performance in NE circles, adds the brokerage.

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