Telcos likely to raise tariffs by 20% in FY27: ICICI Securities

New Delhi: Telecom companies in India are likely to increase tariffs by around 20 per cent in financial year 2026-27 (FY27), according to a report released by ICICI Securities.
The report, which had earlier projected a tariff hike in the second quarter of FY26, now expects the increase to happen in FY27.

“We forecast subs to keep growing at 2 per cent p.a. and have assumed one large tariff hike in FY27E (approx. 20 per cent hike across categories),” the report said.