Earnings Snapshot: Bharti Airtel, Adani Ports and Special Economic Zone, Britannia Industries, Bharti Hexacom and Lupin
- Share.Market
- 5 min read
- Published at : 06 Aug 2025 12:52 PM
- Modified at : 06 Aug 2025 02:06 PM
BHARTIARTLGross Revenue ₹49,463 crores 🔼 29%
PAT ₹5,948 crores 🔼 103%
delivered a strong operational performance in Q1 FY26, led by continued momentum in its India mobile and Homes businesses. Mobile ARPU rose to ₹250, aided by ~4 million new smartphone users and increased postpaid traction. The company also expanded its digital infrastructure significantly, adding over 15,000 towers and 43,000 km of fibre YoY, aimed at enhancing network quality and coverage.
The Homes business recorded its highest-ever quarterly customer additions at 939,000, driven by expansion across both FTTH and Fixed Wireless Access segments. The company launched IPTV services and added 0.65 million IPTV customers during the quarter. Strong growth in broadband uptake was supported by product innovation, network expansion, and bundled content offerings.
While Airtel Business saw a 8% YoY revenue decline due to the strategic exit from low-margin offerings, the underlying portfolio remained steady with positive sequential growth. The segment continued to gain traction through core connectivity and digital services. Passive Infrastructure Services also grew sequentially, supported by ~2,500 new site additions.
ADANIPORTSRevenue from Operations ₹9,126 crores 🔼 21%
PAT ₹3,311 crores 🔼 7%
Adani Ports & Special Economic Zone Ltd. reported strong topline growth in Q1 FY26, led by a 2x jump in the logistics segment and a 2.9x rise in marine revenue.
Cargo volumes rose 11% year-on-year to 121 MMT, with domestic market share improving to 27.8%. Key drivers included strong container growth and record volumes at Krishnapatnam and Haifa ports. International operations gained further traction—Haifa reported 29% YoY volume growth and recorded its highest-ever revenue and operating EBITDA since acquisition.
During the quarter, APSEZ commenced operations at the fully automated Colombo terminal and added a new export berth at Dhamra. It also received approval to start EXIM operations at three inland container depots and launched double-stack rail movements to improve logistics connectivity.
BRITANNIARevenue ₹4,535 crores 🔼 10%
PAT ₹520 crores 🔼 3%
Britannia Industries Ltd. reported nearly 10% year-on-year sales growth in Q1 FY26, supported by a focused execution strategy that drove value from existing outlets and enabled more agile servicing of key stores. Operational efficiencies across its distribution network further contributed to topline expansion.
Double-digit growth was recorded across four focus states and in adjacent bakery categories such as rusk, wafers, and croissants. A marginal uptick in consumption in both urban and rural markets, aided by moderating inflation, also supported the return to double-digit revenue growth after a few muted quarters.
The company continued its premiumisation efforts with new launches in the premium biscuit segment, including the Pure Magic range and Crafted Cookies under Good Day.
BHARTIHEXARevenue ₹2,263 crores 🔼 18%
PAT ₹392 crores 🔼 103%
Bharti Hexacom Ltd. posted strong performance in Q1 FY26, with growth led by improvements across both its mobile and fixed-line businesses. Mobile revenue rose on the back of tariff repair, continued customer upgrades, and an improved portfolio mix. The company added 1.6 million smartphone data customers over the year, while ARPU increased to ₹246. Mobile data consumption also rose 23.8% YoY, with per-user monthly usage reaching 29.4 GB.
The Homes and Office segment reported 38% revenue growth, driven by 54,000 net customer additions during the quarter. The company continued to expand across both FTTH and Fixed Wireless Access through its asset-light rollout model, extending reach across 115 cities.
LUPINRevenue ₹6,164 crores 🔼 12%
PAT ₹1,222 crores 🔼 52%
Lupin Ltd. delivered a strong start to the fiscal year with broad-based growth across geographies and improved profitability. Revenue growth was led by a 24% YoY increase in U.S. sales, supported by new product launches and market share gains. The company remains the third-largest pharmaceutical player in the U.S. by prescriptions and leads in 47 marketed generics.
India sales grew nearly 8% YoY, driven by robust performance in India Region Formulations and the launch of five new brands during the quarter. Other Developed Markets also contributed meaningfully with 17% YoY growth, while Emerging Markets posted a steady 5% increase.
Profitability improved sharply with a 560 bps expansion in EBITDA margin, driven by strong gross margins of 71.3% and operating leverage. Investments in R&D rose to 7.9% of sales as the company continued to build its innovation pipeline, securing two new ANDA approvals during the quarter.
Note: The stock prices mentioned are as of 12:50 pm.
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