Revenue grew 6% year-on-year to ₹11,689 crore, beating Street estimates. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 9% to ₹5,034 crore. Vodafone’s reported loss of ₹3,754 crore in Q1FY27 narrowed from ₹6,608 crore in the year-ago period, but the quarter included an exceptional gain of ₹1,816 crore arising from an increase in the value of Vodafone Group’s shares. Adjusted for all exceptional items, the loss stood at ₹5,358 crore. Average revenue per user (Arpu) improved 1.7% sequentially and 7.3% year-on-year to ₹177, supported by customer upgrades and higher data usage. The management sees more room for Arpu growth; 2G to 4G migration can add ₹230-240 to Arpu, while unlimited plans can add ₹30-35.
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