CLSA raises Bharti Airtel target after Q2 results
In short
Bharti Airtel got its highest share price target from CLSA after its Q2 results. Another broker, Citi, said the quarter saw more subscriber churn after premium plan changes, including the removal of the ₹299 plan.
The result mattered because stronger ARPU growth helped balance weaker net subscriber additions, which can influence how investors judge the stock.
What the reporting says
Bharti Airtel got its highest share price target from CLSA after its Q2 results. The broker’s call followed the company’s quarterly performance, while another brokerage, Citi, said the results came despite elevated subscriber churn linked to premiumisation moves, including the withdrawal of the ₹299 plan. Stronger-than-expected ARPU growth helped offset lower net subscriber additions.
Why it matters
Bharti Airtel’s Q2 results prompted CLSA to set its highest share price target for the company. The brokerage view came alongside Citi’s note that the quarter saw elevated subscriber churn after premiumisation steps, including the withdrawal of the ₹299 plan. Citi also said stronger-than-expected ARPU growth helped offset lower net subscriber additions, keeping the focus on revenue quality and customer mix.