Airtel revenues likely to grow 13-16% through FY27

Bharti Airtel is expected to achieve a 13%-16% annual growth in revenue and Ebitda from FY24 to FY27. This will be driven by frequent tariff hikes, expansion of 5G services, and growth in non-mobile businesses and Africa operations. Reduced capex on 5G and rural networks will generate significant free cash flows.