UBS sets INR 1,785 target for Bharti Airtel stock

Published on 10/06/2026 at 14:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fourth-quarter revenue rose 15.70 percent year over year to INR 553.83 billion. INR 11.3 trillion values Bharti Airtel stock on October 6, 2026.

Bharti Airtel, INE397D01024, Illustration mit AI erstellt.

Bharti Airtel (ISIN INE397D01024) received an INR 1,785 price target and a Sell rating from UBS in a BusinessToday preview dated October 5, 2026. The target places the broker below other published views, including Centrum Broking's INR 2,594 target in the same preview.

Analysts split before September results

The UBS view comes ahead of Bharti Airtel's expected September-quarter results. UBS projected consolidated revenue growth of 2.90 percent quarter over quarter and India mobile revenue growth of 2.50 percent quarter over quarter for the second quarter of fiscal 2027, while it expected consolidated EBITDA growth of 16.00 percent year over year, according to BusinessToday.

The counterpoint is a higher valuation view. Geojit raised its target from INR 2,123 to INR 2,180 and retained a Buy rating on June 23, 2026, as reported by DSIJ.

Revenue growth meets a profit drag

Bharti Airtel reported consolidated revenue of INR 553.83 billion in the fourth quarter of fiscal 2026, up 15.70 percent year over year and 2.60 percent quarter over quarter, according to DSIJ. EBITDA increased 16.60 percent year over year to INR 314.92 billion, while the EBITDA margin reached 56.90 percent.

Reported profit after tax fell 25.90 percent to INR 92.47 billion because of a INR 31.61 billion charge related to regulatory and government levies. India revenue rose 7.70 percent year over year to INR 395.66 billion, and India average revenue per user increased 4.90 percent to INR 257.

Stock range leaves room for debate

Bharti Airtel's market capitalization was INR 11.3 trillion on October 6, 2026. The 52-week range was INR 1,726.30 to INR 2,174.50, placing the latest NSE quote of INR 1,810.50 above the yearly low and below the high.

The next reporting date is November 5, 2026, according to TradingView. That calendar point gives the UBS target a near-term test: subscriber additions, average revenue per user and tariff commentary will determine whether the lower target or the higher broker views better fit the operating trend.

Business scale remains the anchor

Bharti Airtel describes itself as a communications provider operating across South Asia and Africa, with more than 650 million customers in 15 countries. Its portfolio spans mobile services, broadband, enterprise connectivity, cloud, data centers, digital payments and financial services, according to the company's investor-relations page.

Market value and operating test

The combination of 15.70 percent fourth-quarter revenue growth and a 25.90 percent decline in reported profit highlights the central tension in the stock story. Bharti Airtel's market capitalization was INR 11.3 trillion on October 6, 2026, while the next results date is November 5, 2026.