Bharti Airtel Share Price Target 2027–2030: EPS-Based Forecast After Q2 FY27

Price as of 13 Nov 2026 close: ₹2,106 (NSE: BHARTIARTL, BSE: 532454). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026) as reported by Business Today, Kotak Neo and TelecomLead. Price and consolidated figures from StockAnalysis.

Bharti Airtel grew Q2 FY27 profit about 31% to ₹8,888 crore (₹9,015 crore before exceptional items) on revenue up 17% to ₹60,878 crore. India mobile ARPU rose to ₹271 from ₹256 a year earlier, and it added a record 1.2 million postpaid customers. Profit was slightly below estimates. At ₹2,106, near its 52-week high, it trades at about 41× trailing earnings and ~29× forward earnings.

1. Bharti Airtel Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 17% a year from today's ₹2,106 to the end of 2030.

2. How We Calculate These Targets

Target = projected EPS × P/E multiple. Each year-end target uses the EPS of the financial year that follows (for example, the 2027 target uses FY28 EPS), because markets price stocks on forward earnings. Read our full methodology.

• Starting EPS: trailing twelve-month consolidated EPS of ₹50.84 (₹2,106 ÷ ~41.4× P/E). Q2 FY27 alone annualises to about ₹58 before exceptional items, so earnings are rising.
• Bear case: EPS grows 10% a year, P/E 28×. Tariff increases stall and competition from Jio caps ARPU growth; the multiple compresses.
• Base case: EPS grows 18% a year, P/E 34×. ARPU rises toward ₹300+ with tariff hikes and postpaid growth; P/E eases from ~41×.
• Bull case: EPS grows 22% a year, P/E 40×. Further tariff increases and Africa growth sustain high earnings growth and the premium.

Worked example (base, 2027): ₹50.84 × 1.18 × 1.18 = ₹70.79 FY28 EPS → × 34 = ₹2,410.

Sensitivity — 2030 base-case EPS of ₹116.31 at different multiples:

3. Latest Results: What Changed

What changed: ARPU growth and more postpaid customers drove profit. Growth in mobile net additions slowed and churn rose slightly, according to one analysis.

What it means for the targets: telecom profit in India now depends mainly on tariff increases. The base case assumes 18% EPS growth as ARPU keeps rising.

4. Bharti Airtel Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹2,106 on 13 Nov 2026, within a 52-week range of ₹1,726.30 – ₹2,174.50. The stock is close to its 52-week high.

5. Bharti Airtel Share Price Target 2027: ₹1,720 – ₹3,030 (Base ₹2,410)

Based on FY28 EPS of ₹61.52 / ₹70.79 / ₹75.67 (bear / base / bull). What to watch: the next round of mobile tariff increases.

6. Bharti Airtel Share Price Target 2028: ₹1,890 – ₹3,690 (Base ₹2,840)

Based on FY29 EPS of ₹67.67 / ₹83.53 / ₹92.32 (bear / base / bull). What to watch: ARPU moving toward ₹300.

7. Bharti Airtel Share Price Target 2029: ₹2,080 – ₹4,510 (Base ₹3,350)

Based on FY30 EPS of ₹74.43 / ₹98.57 / ₹112.63 (bear / base / bull). What to watch: Africa (Airtel Africa) performance and currency.

8. Bharti Airtel Share Price Target 2030: ₹2,290 – ₹5,500 (Base ₹3,950)

Based on FY31 EPS of ₹81.88 / ₹116.31 / ₹137.41 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Peer Comparison

India’s telecom market is effectively a three-player market; Airtel leads on ARPU.

11. Risks That Would Break the Base Case

• Tariff dependence: growth relies on further price increases, which are politically sensitive.
• Competition: Jio could compete harder on price.
• Capex: 5G and fibre investment is heavy.
• Valuation: ~41× trailing earnings prices in strong growth.

12. What the Numbers Suggest

Airtel is the best-positioned Indian telecom operator, with leading ARPU and rising profits. The variable to track is ARPU growth from tariff increases. If tariffs keep rising, the base case (₹3,950 by 2030) is reasonable; stalled pricing points to the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

13. FAQs on Bharti Airtel Share Price

What is the Bharti Airtel share price target for 2027?
Our base case is ₹2,410, assuming 18% annual EPS growth and a 34× P/E. The range is ₹1,720 (bear) to ₹3,030 (bull).

What is the Bharti Airtel share price target for 2030?
Base case ₹3,950; range ₹2,290 to ₹5,500. It assumes FY31 EPS of about ₹116.31.

What was Bharti Airtel’s profit in Q2 FY27?
₹8,888 crore reported (₹9,015 crore before exceptional items), up about 31%.

What is Airtel’s ARPU?
₹271 in Q2 FY27, up from ₹256 a year earlier.

How many customers does Airtel have in India?
About 498.7 million, up 10.9%.

How does Airtel compare with Jio and Vodafone Idea?
Airtel has the highest ARPU; Jio is part of Reliance Industries; Vodafone Idea is still loss-making before one-off gains.