Vodafone Idea Limited (IDEA) Earnings Call Transcripts

Vodafone Idea Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Vodafone Idea Limited reported a revenue of INR 11,332 crores, reflecting a 2.9% year-on-year growth, while full-year revenue reached INR 44,873 crores, up 3% from the previous year. The company achieved a net profit of INR 51,970 crores for the quarter, bolstered by a favorable AGR settlement that reduced liabilities significantly. Management maintained a positive outlook, emphasizing a commitment to double-digit revenue growth and tripling EBITDA over the next three years, supported by a planned INR 45,000 crores investment.

Reported metrics

Guidance from management

Management aims for double-digit revenue growth and to triple EBITDA over the next three years, supported by a planned INR 45,000 crores investment. They expressed confidence in achieving these targets despite potential market challenges.

What management said

Thanks for the question. And actually, if you look at just quarter-on-quarter, and I'm just clarifying the numbers, we had [ INR 2,361 ] on network costs in the prior quarter, we are at [ INR 2,345. ] So it's a small decline. And I think I spoke about the cost management efforts as well. And second, broadly, over the last few years, we worked on reducing our dependence on diesel and working on electrification of our ...

Primarily yes, Gaurav. Primarily, yes, they could be because, obviously, some of them will fall into inactive and hence, then the churn out and which kind of gives the delta be a larger churn. But primarily, these are not the inactive customers. They are the customers who are even out of the network depending upon their experience and the users.

What analysts pressed on

Analysts raised concerns about the sustainability of subscriber growth and the impact of increased competition in the market. There were questions regarding the company's ability to maintain ARPU growth amid rising smartphone prices and potential market share shifts.

Main topics on the call

• AGR Settlement Impact — Vodafone Idea's AGR dues were finalized at INR 64,046 crores, down from INR 87,695 crores, providing clarity on cash flows. CEO Abhijit Kishore stated, "This development meaningfully improves our balance sheet and provid...
• Subscriber Base Stabilization — The company stabilized its subscriber base at 192.8 million, marking the first increase since the merger. Management noted, "We have registered improvement in subscriber numbers for the first time post merger in the mont...
• ARPU Growth — Customer ARPU increased to INR 190, an 8.3% year-on-year growth, attributed to premiumization and improved 4G/5G subscriber mix. Management highlighted that ARPU has been increasing for "19 consecutive quarters."
• Network Expansion and Investment — Vodafone Idea invested INR 8,742 crores in CapEx, focusing on network expansion with over 30,000 new broadband towers added. The CEO emphasized, "Consistent and right investments has been key in stemming our subscriber l...

Read the full Vodafone Idea Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 22 Vodafone Idea Limited earnings call transcripts on record, spanning August 7, 2020 to August 11, 2026. Based on this history, Vodafone Idea Limited reports quarterly. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

IDEA

Exchange

NSEI

Country

IN

Sector

Communication Services

Industry

Wireless Telecommunication Services

Calls on record

22

First call

August 7, 2020

Most recent

August 11, 2026

Reporting cadence

quarterly