After 5 robust quarters, telcos’ revenue growth slows to single digits in Q3FY26
New Delhi: Revenue growth in India’s telecom industry slowed to a single digit after five quarters of double-digit expansion despite strong subscriber additions and increasing data usage in the October-December period, as benefits of tariff hikes which happened in July 2024 have now been fully baked in.
The combined India telecom revenue of the three private telecom operators-Reliance Jio, Bharti Airtel and Vodafone Idea-grew 9% from a year earlier to around ₹72,700 crore in the December quarter, which analysts said was the slowest since September 2024. This even as they added around 10 million net subscribers, with 4G connections now accounting for 87% of the base.
