Jio to see residual benefit from July’24 tariff hikes for 2 more quarters

Reliance Industries’ telecom arm Reliance Jio is expected to continue seeing flow-through of the July 2024 tariff hikes in its average revenue per user (ARPU) till Q2FY26, as its customers on longer duration packs complete the recharge cycle, analysts said.

However, there is less visibility on the telco’s incremental margin growth, they added, since it has seen flat to marginal growth in Ebitda margin over the past few quarters, despite subscribers and ARPU growth.