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Bharti Airtel has posted a strong all-round performance for the September 2025 quarter, prompting Jefferies to raise its target price on the stock to Rs 2,635 from Rs 2,500 while maintaining a ‘Buy’ rating.

The telecom major reported growth across India Homes and Africa operations, a margin expansion in its India mobile business, and record free cash flow generation. Jefferies highlighted Airtel’s consistent subscriber premiumisation, improving monetisation trends, and a healthy outlook for revenue and Ebitda growth.

Bharti Airtel's total revenue saw a solid 5% increase, rising from Rs 49,463 crore to Rs 52,145 crore in second quarter of FY26. This indicates continued d

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