Vodafone Idea jumps 6%: Shares extend rally after Q1 show; what experts predict next for the telecom firm

Vodafone Idea shares extended their rally for a second consecutive trading session on Wednesday, August 12, as investors continued to trade based on the company’s April to June quarter financial performance for FY27, while the management focuses on expanding coverage and tapping new markets.

Shares of Vodafone Idea surged 6.2% to their intraday high of ₹13.69 apiece on Wednesday’s market, in comparison to ₹12.89 apiece at the previous equity market close, according to NSE data.

The telecom company released its Q1 earnings report for FY27 after market operating hours on August 10, due to which the shares surged 3% during Tuesday’s trading session (August 11, 2026).

In the company’s August earnings call, Vodafone Idea’s management is now focusing on expanding its coverage to enter new geographies, while also improving its network experience.

Experts predict that as the telecom firm’s funding overhang eases, the capital expenditure (capex) visibility improves in the upcoming period.

How did Vodafone Idea perform in Q1 earnings?

Vodafone Idea reduced its April to June quarter net losses to ₹3,754 crore in the April to June quarter results for the financial year 2026-27, from a ₹6,608 crore net loss in the same period a year earlier, as per the NSE filings on August 10.

The company’s revenue from core operations increased 6% year-on-year (YoY) to ₹11,689 crore in the first quarter of FY27, in comparison to ₹11,023 crore in the same period a year earlier.

The company’s operational-level earnings before interest, tax, depreciation, and amortisation (EBITDA) advanced 9.1% YoY to ₹5,034 crore in the June quarter, compared with ₹4,612 crore in the same period a year earlier.

On the margins front, the telecom company’s EBITDA margins contracted 130 basis points to 43.1% in the period under review, in comparison to 41.8% in the same period of the previous financial year.

The data also showed that the company’s ARPU increased to ₹195 in Q1 FY27 from ₹177 in Q1 FY26, marking a YoY increase of 10.2% or the highest in the industry, largely supported by customer upgrades.

The telecom firm's capex for the June quarter stood at ₹1,930 crore.

What do experts predict?

Analysts from Citibank said that the Q1 results beat their estimates as the company’s funding overhang eases while the capital expenditure (capex) visibility improves in the period under review.

Looking ahead, the experts also said that the key focus will remain on accelerated capex, pace of network rollout and execution in the upcoming quarters.

“Visibility on accelerated capex over the next few quarters. With funding constraints gradually easing, the key focus will now be on the pace of network rollout and execution,” said the analysts.

Vodafone Idea share performance

NSE data showed that Vodafone Idea shares have delivered more than 103% returns to investors in the last five years, over 62% gains in the last three years, and more than 104% in the past one-year period.

On a year-to-date basis, the telecom company's shares have risen 13.7% in 2026, but the stock has lost 7% in the past month. The exchange data showed that Vodafone Idea shares were trading over 3% higher in the last five market sessions.

Shares of Vodafone Idea surged to their 52-week high of ₹15.34 apiece on June 15, 2026, while the 52-week low was at ₹6.12 apiece on August 14, 2025. The telecom firm’s market capitalisation (m-cap) was at over ₹1.43 lakh crore as of the trading session on Wednesday, August 12, 2026.