How India buys mobile and broadband plans
4 listed companies sold ₹390,418 crore of mobile and broadband plans in FY26, up 11.6% on FY25. Bharti Airtel Ltd sold the most, 45.7% of it. Vodafone Idea Ltd earned the most on each rupee of sales: 124.9%.
The brands, and who owns them
MyJio Stores is Reliance Industries Ltd's; Vi Non-stop Superhero, Vi SuperHero are Vodafone Idea Ltd's; Airtel, Airtel Broadband are Bharti Hexacom Ltd's. Brands are read from each company's filings and checked against a public source.
Who sells the most
Bharti Airtel Ltd had 45.7% of the listed companies' sales of mobile and broadband plans here, 1.1 times as much as Reliance Industries Ltd, the next largest. The two together sold 86%; the other 2 the rest.
How the sales have grown, and who sold them
The listed companies here sold ₹3.90 lakh Cr of mobile and broadband plans in FY26. Counting only the companies with figures in both years, sales went from ₹42,157 Cr in FY19 to ₹44,873 Cr. The biggest rise was in FY26 (+12%) and the weakest year FY22 (-13%). Over three years Vodafone Idea Ltd grew fastest, +1.8% a year. Some companies are counted only from a later year (Bharti Airtel Ltd from FY25; Reliance Industries Ltd from FY25; Bharti Hexacom Ltd from FY24).
Who earns the most on each rupee
Operating profit before interest and tax, as a share of sales of mobile and broadband plans. Bharti Airtel Ltd earned 34.8% on its sales in FY26, against 29.0% in FY25. Reliance Industries Ltd earned 30.6% on its sales in FY26, against 28.7% in FY25. Vodafone Idea Ltd earned 124.9% on its sales in FY26, against -2.4% in FY17.
The companies, and their brands
| Company and brands | Sales FY26 | Growth 1 yr | 3 yrs | 5 yrs | Margin | Profit share | Return on assets | P/E | ROE | Share price 1 yr |
|---|---|---|---|---|---|---|---|---|---|---|
| Bharti Airtel Ltd Sells in 28 states; exports 2.02% of turnover |
₹178,543 Cr | +12.1% | — | — | 34.8% | 37.3% | 13.8% | 36.8 | 10.7% | -7.2% |
| Reliance Industries Ltd MyJio Stores Sells in 35 states and 112 countries; exports 50.98% of turnover |
₹157,648 Cr | +13.9% | — | — | 30.6% | 29.0% | 7.6% | 21.1 | 7.9% | -15.2% |
| Vodafone Idea Ltd Vi Non-stop Superhero, Vi SuperHero Sells in 28 states; exports 8.0% of turnover |
₹44,873 Cr | +3.0% | +1.8% | +0.1% | 124.9% | 33.7% | — | 3.7 | -38.9% | +53.1% |
| Bharti Hexacom Ltd Airtel, Airtel Broadband Sells in 7 states; exports 0.14% of turnover |
₹9,354 Cr estimate |
+9.4% | — | — | — | — | — | 42.5 | 26.5% | -11.8% |
See every one of these companies in Valarth
Questions people ask
Which listed companies sell mobile and broadband plans in India?
4 listed companies report their sales of mobile and broadband plans: Bharti Airtel Ltd (BHARTIARTL), Reliance Industries Ltd (RELIANCE), Vodafone Idea Ltd (IDEA), Bharti Hexacom Ltd (BHARTIHEXA).
Which listed company sells the most mobile and broadband plans in India?
Bharti Airtel Ltd, with sales of mobile and broadband plans of ₹178,543 crore in FY26: 45.7% of the listed companies' total here.
How big is the listed market for mobile and broadband plans?
The listed companies here sold ₹390,418 crore of mobile and broadband plans in FY26, up 11.6% on FY25. Private makers are not included.
Which listed company makes the most profit on mobile and broadband plans?
Vodafone Idea Ltd: its operating profit was 124.9% of its sales of mobile and broadband plans in FY26.
Who owns MyJio Stores?
MyJio Stores is a brand of Reliance Industries Ltd, listed on the NSE as RELIANCE.
Who owns Vi Non-stop Superhero?
Vi Non-stop Superhero is a brand of Vodafone Idea Ltd, listed on the NSE as IDEA.
Who owns Vi SuperHero?
Vi SuperHero is a brand of Vodafone Idea Ltd, listed on the NSE as IDEA.
Who owns Airtel?
Airtel is a brand of Bharti Hexacom Ltd, listed on the NSE as BHARTIHEXA.
Who owns Airtel Broadband?
Airtel Broadband is a brand of Bharti Hexacom Ltd, listed on the NSE as BHARTIHEXA.