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Rising ARPU continues to drive performance of India's Telcos
The Business Guardian
|November 20, 2025
India's telecom operators delivered an inline performance in the September quarter of FY26, with rising average revenue per user (ARPU) continuing to act as the biggest driver of sectoral momentum, according to a review of Q2FY26 results by Centrum.
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Bharti Airtel, Reliance Jio and Vodafone Idea (Vi) all reported sequential improvements in ARPU, supported by smartphone upgrades, higher data usage and a richer subscriber mix. Airtel maintained its industry lead with an ARPU of Rs256 per month, up 2.2 per cent quarter-on-quarter. Jio's ARPU rose 1.2 per cent to Rs 211.4, while Vi's increased to Rs 167 amid improving data consumption and premium-plan adoption. Subscriber additions remained strong for the top two operators. Jio added 8.3 million users during the quarter, taking its base to 506.4 million, while Airtel added 1.4 million subscribers, expanding its India wireless base to 364.2 million.
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