India's Vodafone Idea gains after Q1 loss narrows

Vodafone Idea

11/08/2026 07:01

** Shares of Vodafone Idea VODA.NS rise 2% to 13.2 rupees

        ** Co marks first quarter of positive net subscriber additions since merger of Vodafone India with Idea Cellular 
** Telco's Q1 loss narrows Y/Y, aided by higher ARPU as more users migrate to higher-value 4G and 5G services
** Investors await co's results conference call at 2:30 P.M. IST on Tuesday
** Analysts at Nomura say progress on debt raise will be a key monitorable; maintains "neutral" rating
** Co has been in talks with lenders to raise debt to fund its network expansion
** Nomura adds that debt-capital raise, tariff hikes, faster subscriber additions and strategic equity investment are potential catalysts for VODA    
** Stock rated "hold" on avg by 19 analysts; median PT 12.13 rupees -- data compiled by LSEG
** Stock up 20% YTD
     
     
     
     
     
     
     
     

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))