Bharti Airtel benefitted most from tariff hikes in last 4years: CLSA

Just as Bharti Airtel crossed the $100 billion market cap on May 27 this year, brokerage firm, CLSA highlighted that the country’s second largest operator has benefitted the most from tariff hikes. On Monday, CLSA noted that between FY20 and FY24, Bharti Airtel experienced a 54 per cent increase in average revenue per user (ARPU), versus Reliance Jio and Vodafone Idea which saw a 39 per cent and 37 per cent increase in ARPU respectively.

As the industry is poised to take another 20 per cent increase in tariffs quite soon, the brokerage expressed positive outlook for the telco as well. “Bharti’s three key drivers are its high-growth scalable business, strong management and global competitive edge.