Vodafone Idea targets FY27 growth as 5G reaches 200+ cities
Vodafone Idea is shifting from survival to execution after improved visibility on AGR liabilities. The telco ended March with 192.8 million subscribers, ARPU of Rs 190 and nearly 129 million 4G/5G users, while calling for tariff rationalisation to fund network investment.
What happened
Vodafone Idea is pivoting to growth and FY27 execution after improved AGR-liability visibility. The operator reported positive subscriber additions, Rs 190
Key facts
- FY26 revenue: Rs 44,873 crore
- FY26 EBITDA: Rs 19,003 crore
- FY26 net profit: Rs 34,552 crore
- ARPU: Rs 190
- Subscribers at March end: 192.8 million
- 4G and 5G users: nearly 129 million
- 4G population coverage: over 86%
- Broadband towers: more than 200,000
- 5G availability: more than 200 cities
Why this matters
Vodafone Idea’s shift from survival to network-led growth may create partnership opportunities in 5G infrastructure, enterprise connectivity, device financing and digital-service distribution.
What to watch
- Quarterly Vi subscriber additions, churn and 4G/5G user growth.
- ARPU trajectory and timing/scale of any industry tariff increase.
- 5G population coverage, city additions, capex deployment and network-quality indicators.
- Availability of handset-financing partnerships, carrier subsidies and device-bundle promotions.
- Sales mix shift from 4G to 5G smartphones across Vi-covered cities.
- Competitor response from Jio and Airtel on pricing, handset bundles and 5G rollout pace.
- Expand 5G handset assortment and trade-in promotions in Vi's newly covered cities, especially in mid-tier urban markets.
- Build bundled offers linking Vi recharge plans with handset EMIs, accessories, protection plans and data-heavy content subscriptions.
- Increase retailer training and point-of-sale visibility for 5G compatibility, eSIM/SIM activation and plan migration.
- Monitor entry-level handset demand for signs that tariff hikes are redirecting consumers toward lower-cost devices, refurbished phones or longer replacement cycles.