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Bharti Airtel Q4 Review: Dolat Capital Maintains 'Add', Hikes Target Price Post Inline Results
Increase in target price is driven by modest estimate, multiple expansions and lower net debt, adds Dolat Capital
15 May 2025, 09:33 AM IST 
Bharti Airtel's Q4 FY25 consolidated rev/Ebitda grew by healthy +17/2% YoY/QoQ and Ebitda by +22/-6%; margin 57.2%, +246/-474 bps (Photo: Vijay Sartape/NDTV Profit)
Bharti Airtel's solid growth trajectory driven by superior execution, positions it as a healthy compounding story with multiple triggers including tariff hike-led ARPU growth (~16/19% CAGR over FY25- 27) in India Wireless; assume another hike in Q3/Q4 FY26, 5G pickup, accelerated growth in Home BB & Enterprise, benefits from deleveraging, weakening of Vodafone Idea and potential listing of Jio.
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