Bharti Airtel Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Bharti Airtel share price Rs 1,808.60 (9 October 2026). Base target Rs 2,156, bull Rs 2,582, downside risk Rs 1,437. PE 30.79. 52W range Rs 1,726.30 to Rs 2,174.50.
Quick Answer
The Bharti Airtel share price target for 2027 is Rs 2,156, about 19.2% above the current price of Rs 1,808.60. The bull case is Rs 2,582, and the downside risk level, which is not a target, is Rs 1,437. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 86.2%, with the stock holding its PE of 30.79. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Bharti Airtel target price for 2027 should start with where the stock sits today. At Rs 1,808.60 on 9 October 2026, it is 16.8% below its 52-week high of Rs 2,174.50 and 4.8% above its 52-week low of Rs 1,726.30. That range spans 26% from low to high, so the entry point matters as much as the Bharti Airtel price forecast itself.
This article builds the Bharti Airtel share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 2,156 base case and the Rs 2,582 bull case were reached, along with a downside risk level of Rs 1,437.
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Bharti Airtel Stock Analysis: Company Overview and Key Stats
Bharti Airtel (NSE: BHARTIARTL) has a market capitalisation of Rs 11,21,212 crore. In FY26 it reported revenue of Rs 2,13,790 crore and net profit of Rs 33,823 crore. The table collects the figures the Bharti Airtel share price target is built on.
| Metric | Value |
|---|---|
| Company | Bharti Airtel |
| NSE Ticker | BHARTIARTL |
| CMP (9 October 2026) | Rs 1,808.60 |
| 52-Week High | Rs 2,174.50 |
| 52-Week Low | Rs 1,726.30 |
| Market Cap | Rs 11,21,212 crore |
| PE Ratio (TTM) | 30.79 |
| Industry PE | 36.21 |
| Price to Book | 6.37 |
| Return on Equity | 17.91% |
| Debt to Equity | 1.31 |
| EPS (TTM) | Rs 58.34 |
| Dividend Yield | 1.30% |
| 12-Month Base Target | Rs 2,156 |
| Bull Case | Rs 2,582 |
| Downside Risk Level (not a target) | Rs 1,437 |
Why Is Bharti Airtel Share Price Target Set at Rs 2,156 for 2027?
The base-case Bharti Airtel stock target of Rs 2,156 applies a PE multiple of 30.79 to a forward EPS estimate of Rs 70.01. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 19.2% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Bharti Airtel Target Price: Five Years of Results
Bharti Airtel grew revenue from Rs 1,17,081 crore in FY22 to Rs 2,13,790 crore in FY26, a compound annual growth rate of 16.2%. Net profit grew faster, from Rs 8,305 crore to Rs 33,823 crore (42.1% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 1,17,081.20 | 8,305.20 | 7.63 | 3.00 |
| FY23 | 1,40,081.40 | 12,287.40 | 14.57 | 4.00 |
| FY24 | 1,51,417.80 | 8,558.00 | 12.80 | 8.00 |
| FY25 | 1,74,558.90 | 37,481.30 | 56.04 | 16.00 |
| FY26 | 2,13,790.10 | 33,822.80 | 44.37 | 24.00 |
FY26 revenue growth was 22.5%, faster than the four-year average of 16.2%, and net profit moved down 9.8%. EPS rose from Rs 12.80 in FY24 to Rs 44.37 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Bharti Airtel converted 15.8% of FY26 revenue into net profit, against 21.5% in FY25, within a five-year range of 5.7% to 21.5%. EBITDA margin was 55.9% in FY26 versus 60.6% in FY25.
In the June 2026 quarter, revenue was Rs 59,446 crore, up 19.0% from the same quarter a year earlier, while net profit of Rs 10,012 crore was up 34.9%. EBITDA came in at Rs 34,209 crore, up 20.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 1.31, and shareholders’ equity grew from Rs 91,935 crore in FY22 to Rs 1,95,963 crore in FY26. Operating cash flow in FY26 was Rs 1,22,230 crore against capital expenditure of Rs 46,714 crore, leaving free cash flow of Rs 75,515 crore, or 6.7% of the current market capitalisation. In FY25 free cash flow was Rs 58,652 crore.
Valuation Check for the Bharti Airtel Stock Target: PE, Price to Book and ROE
At a PE of 30.79 against an industry PE of 36.21, Bharti Airtel trades at a discount to its industry. Price to book is 6.37 on a book value of Rs 281.95 per share, and return on equity is 17.91%. A PE of 30.79 equals an earnings yield of 3.2%, and the FY26 dividend of Rs 24.00 per share gives a yield of 1.30%.
Shareholding Pattern and Institutional Holding
Promoters held 50.07% of Bharti Airtel in June 2026, and promoter holding fell from 51.25% in June 2025 to 50.07% in June 2026. Foreign institutional investors (FII) held 26.48% and domestic institutions (DII) held 20.76%, which puts total institutional holding at 47.24%. FII holding fell from 26.72% in June 2025 to 26.48% in June 2026. Public shareholders own the remaining 2.68%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Bharti Airtel Share Price Targets for the Short Term and 12 Months
Short Term Bharti Airtel Stock Target Levels: Technical Setup
At Rs 1,808.60 on 9 October 2026, Bharti Airtel trades below its 50-day simple moving average of Rs 1,874.53 and below its 200-day exponential moving average of Rs 1,886.98. The 14-day RSI reads 36.4, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,874.53 (50-day simple moving average) and the nearest support is Rs 1,726.30 (52-week low). A sustained move above Rs 1,874.53 would improve the short-term setup, while a close below Rs 1,726.30 would shift attention to the next support.
12 Month Bharti Airtel Target Price for 2027
The 12-month target for Bharti Airtel is Rs 2,156: forward EPS of Rs 70.01 at a PE of 30.79. That is 19.2% above Rs 1,808.60. It would still leave the stock 0.9% below its 52-week high of Rs 2,174.50.
How EPS Growth and PE Multiple Change the Bharti Airtel Target Price
| EPS Growth | PE 24.63 | PE 30.79 | PE 35.41 |
|---|---|---|---|
| 0.0% (EPS Rs 58.34) | Rs 1,437 | Rs 1,796 | Rs 2,066 |
| 20.0% (EPS Rs 70.01) | Rs 1,724 | Rs 2,156 | Rs 2,479 |
| 25.0% (EPS Rs 72.93) | Rs 1,796 | Rs 2,246 | Rs 2,582 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Bharti Airtel price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Bharti Airtel Stock Target in 2027
Bull Case Rs 2,582
The bull case Bharti Airtel price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 72.93, and a PE multiple that rises 15% to 35.41. That gives Rs 2,582, 42.8% above the current price and above the 52-week high of Rs 2,174.50, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 1,437
The downside risk level is not a target. It assumes EPS stays flat at Rs 58.34 and the PE falls 20% to 24.63. That gives Rs 1,437, 20.5% below the current price and below the 52-week low of Rs 1,726.30.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 35.41 | Rs 2,582 | +42.8% |
| Base Case | 20.0% | 30.79 | Rs 2,156 | +19.2% |
| Downside Risk | 0.0% | 24.63 | Rs 1,437 | -20.5% |
Key Risks to the Bharti Airtel Target Price for 2027
Growth Slowdown Risk for the Bharti Airtel Price Target
Revenue in the June 2026 quarter was up 19.0% year on year, and FY26 revenue growth was 22.5%. If growth slows from here, the EPS estimate behind the Bharti Airtel stock target will need revising.
Liquidity and Size Risk
Bharti Airtel has a market capitalisation of Rs 11,21,212 crore. Institutional holding is 47.24%, and promoters hold 50.07%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 15.8% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 30.79 versus an industry PE of 36.21, a de-rating toward the downside-risk PE of 24.63 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 16.8% below its 52-week high, with an RSI of 36.4 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Bharti Airtel
Start with the live price and volume. Any Bharti Airtel share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 1,808.60 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Bharti Airtel’s PE, ROE, debt and shareholding in one place.
Check Bharti Airtel fundamentals on the Univest Screener
Then compare the three Bharti Airtel target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Bharti Airtel live price and get daily stock recommendations.
Conclusion
The Bharti Airtel share price target for 2027 is Rs 2,156 in the base case, with Rs 2,582 as the bull case. The support for that view is arithmetic you can check: EPS grew 86.2% a year over FY24 to FY26, and the stock trades at a PE of 30.79. The risks are equally concrete, including a stock that sits 16.8% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Bharti Airtel Share Price Target 2027
What is the Bharti Airtel share price target for 2027?
Ans. The base-case Bharti Airtel share price target for 2027 is Rs 2,156, with Rs 2,582 as the bull case. The downside risk level, which is not a target, is Rs 1,437. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Bharti Airtel share price today?
Ans. As of 9 October 2026, 12:52 PM IST, Bharti Airtel trades at Rs 1,808.60, up 0.22% on the day. The 52-week range is Rs 1,726.30 to Rs 2,174.50.
Is Bharti Airtel a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 86.2% a year over FY24 to FY26, but the stock is 16.8% below its 52-week high. Whether Bharti Airtel fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Bharti Airtel shares?
Ans. The bull case target is Rs 2,582, which assumes 25.0% EPS growth and a PE of 35.41. The downside risk level is Rs 1,437, which assumes flat EPS and a PE of 24.63. It marks a risk, not a target.
What are the main risks to the Bharti Airtel price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 11,21,212 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Bharti Airtel and how does it compare with the industry?
Ans. The PE ratio of Bharti Airtel is 30.79 against an industry PE of 36.21. Price to book is 6.37 and return on equity is 17.91%. The base case in the Bharti Airtel price target holds this PE constant.
Who owns Bharti Airtel, and what is the promoter holding?
Ans. Promoters held 50.07% of Bharti Airtel in June 2026. FII held 26.48%, DII held 20.76% and the public held 2.68%.
What were Bharti Airtel’s latest quarterly results?
Ans. In the June 2026 quarter, Bharti Airtel reported revenue of Rs 59,446 crore (up 19.0% year on year) and net profit of Rs 10,012 crore (up 34.9%).
