Vodafone Idea shares declined 2 percent in morning trade on Friday, after the telecom operator reported a wider net loss for the fiscal second quarter. Brokerage Nomura maintained its cautious outlook on the stock, citing pressure on operating margins and slower-than-expected growth in average revenue per user (ARPU).
Vodafone Idea shares were trading at Rs 12.7 apiece, down 2 percent, in morning deals. The stock has gained 9.8 percent so far in 2026, outperforming the benchmark Nifty 50, which has declined around 4 percent during the same period. The company's market capitalisation stood at approximately Rs 1.38 lakh crore.
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Vodafone Idea Q2 results: Revenue beats estimates, margins disappoint
Vodafone Idea reported consolidated revenue of Rs 11,884 crore for Q2 FY27, up 6.2 percent year-on-year and 1.7 percent sequentially. Revenue exceeded Nomura's estimates by 1.4 percent, indicating continued improvement in the telecom operator's topline performance.