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This Article is From Dec 10, 2020

Motilal Oswal: Airtel’s Earnings Outlook Steady; Price Hike Likely Soon  

Motilal Oswal: Airtel’s Earnings Outlook Steady; Price Hike Likely Soon  
The Bharti Airtel Ltd. logo sits on company’s retail store in Mumbai, India. (Dhiraj Singh/Bloomberg)

BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The swift approximately 20% recovery in the stock after the recent fall has triggered deliberations on its earnings outlook, the possibility of a tariff hike, and capex intensity. Based on our recent channel checks, we note that -

Bharti Airtel Ltd.'s earnings outlook remains strong, given the steady 4G subscriber additions, which are likely to see 2-3% QoQ average revenue per user growth, and strong Ebitda growth.

A price hike, which looked uncertain in the last six to nine months, has now started to look imminent with the weakening of industry subscriber growth.

Click on the attachment to read the full report:

Motilal Oswal Bharti Airtel Company Update.pdf
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