Bharti Hexacom IPO Details, Financials, Valuation & Peers

Bharti Hexacom is a prominent communications solutions provider operating in India. Specializing in consumer mobile services, fixed-line telephone, and broadband services, the company caters to customers primarily in the Rajasthan and the North East telecommunication circles. These circles encompass the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The services are delivered under the renowned brand 'Airtel'.

Key Points:

• Focus on Premiumization: Bharti Hexacom adopts a strategy to premiumize its portfolio by acquiring and retaining quality customers. This approach aims to enhance customer experience through an omnichannel approach and leveraging data science.
• Digital Offerings: The company offers a variety of digital solutions to augment customer engagement. These include differentiated customized offerings such as family and converged plans under the Airtel Black proposition, leading to continuous improvement in revenue market share over recent fiscal periods.
• Cost Optimization: Bharti Hexacom implements prudent cost optimization measures to enhance profitability while maintaining an efficient capital structure with a comfortable leverage position.
• Investment in Infrastructure: Continuous investment in network expansion, technology advancement, and judicious spectrum investments is a key focus area for the company. As of September 30, 2023, the company had invested ₹203 billion in capital expenditure toward building future-ready digital infrastructure.
• Synergies with Airtel: Leveraging its relationship with its Promoter, Airtel, Bharti Hexacom derives significant synergies. These synergies include access to expansive digital infrastructure, digital experience, and digital services offered by Airtel to its customers.