Vodafone Idea Share Price Target : Vodafone Idea Ltd is still loss-making but has shown gradual improvement in revenue, ARPU and stock performance, so any share price targets for 2026–2030 should be treated as data-based estimates, not guaranteed outcomes. Over the next few years, the story will depend mainly on tariff hikes, fresh funding, debt management and execution of 4G/5G capex plans.
Company overview
Vodafone Idea (Vi) is India’s third-largest telecom operator with a market capitalisation of around ₹1.0–1.3 lakh crore as of November–December 2025, based on NSE and broker data. On 23 December 2025, the share hit a new 52‑week high of about ₹12.15, versus a 52‑week low near ₹6.12, delivering roughly 60–100% returns in one year depending on the reference point. This sharp move has made the stock a high‑beta, high‑risk play in the telecom space compared with broader indices.
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Latest performance and recent results
In Q2 FY26 (September 2025 quarter), Vodafone Idea reported revenue of around ₹11,190 crore, up about 2.4% year‑on‑year from roughly ₹10,932 crore in Q2 FY25 and 1.6% sequentially from ₹11,022 crore in Q1 FY26. EBITDA rose to nearly ₹4,685 crore, and EBITDA margin improved slightly to about 41.9%, indicating some operating leverage despite continued losses. Net loss narrowed but was still heavy at around ₹5,524 crore in Q2 FY26, reflecting the burden of interest, depreciation and high debt.
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ARPU, subscribers and order book / capex
ARPU, a key profitability metric, increased to about ₹180 in Q2 FY26, up 8.7% year‑on‑year from roughly ₹166, supported by customer upgrades and earlier tariff hikes. The company has also highlighted a 38% expansion in 4G data capacity and about 17% improvement in 4G speeds between March 2024 and September 2025, pointing to ongoing network investments. Vi and its subsidiary have been focusing capex on 4G densification and 5G readiness, which forms the core of its future “order book” in terms of infrastructure and spectrum commitments.
Funding developments and balance sheet
In December 2025, wholly owned arm Vodafone Idea Telecom Infrastructure Ltd completed a ₹3,300 crore fundraise via secured non‑convertible debentures (NCDs), placed privately with NBFCs, mutual funds and other institutional investors. Tata Capital alone is reported to have subscribed around ₹500 crore, while JM Financial, Aditya Birla Capital and Hero Fincorp each committed about ₹400 crore, signalling renewed lender confidence in Vi’s medium‑term survival plan. This money is earmarked largely for strengthening telecom infrastructure and supporting capex, though it does not fully solve the long‑term debt and AGR liability overhang.
Past share price performance
Over the last twelve months, Vodafone Idea’s stock price has moved from a 52‑week low near ₹6.12 to a new high around ₹12.15, a gain of roughly 60–100% depending on the exact dates used. During the same period, the Sensex gained under 10%, highlighting how sharply Vi has outperformed the broader market on a percentage basis. Despite this rally, the move comes after years of heavy value erosion, so long‑term investors are still significantly below earlier peaks.finance.
Vodafone Idea Share Price Target 2026, 2027, 2028, 2029, 2030
Below is a conservative–to–moderate, data‑driven illustrative target range for Vodafone Idea based on public projections and sector assumptions, not on any internal valuation model. The ranges assume gradual ARPU growth, successful execution of capex and no major negative regulatory shock.
| Year | Indicative Target Range (₹) |
|---|---|
| 2026 | 15 – 25 |
| 2027 | 18 – 35 |
| 2028 | 20 – 45 |
| 2029 | 22 – 55 |
| 2030 | 25 – 70 |
These ranges sit below the most aggressive external forecasts (some models project ₹200+ by 2030) but above today’s price, reflecting potential upside if ARPU keeps rising, funding stays available and the network upgrade plan is executed reasonably well. Any negative surprise in tariffs, court cases, funding or competition could keep the stock stuck near current levels or even push it below the lower end of these estimates.
Key growth drivers for next 5 years
One major growth driver is ARPU expansion through tariff hikes and migration of low‑value users to higher‑value 4G/5G data packs, as seen in the Q2 FY26 ARPU jump to ₹180. Second, the ₹3,300 crore bond issue and any future equity/fund‑raise will be critical for funding 4G/5G capex, improving network quality and stabilising subscriber churn, which in turn supports revenue growth. Third, if Vi manages to narrow losses and improve its balance sheet over FY26–FY30, even modest profitability could trigger re‑rating, given the stock’s already high trading beta and momentum.
Disclaimer
This article is for educational and informational purposes only and uses data from public financial websites, company disclosures and news reports available up to December 2025. The Vodafone Idea share price targets for 2026–2030 given here are illustrative estimates, not guaranteed returns or registered research recommendations; they should not be treated as buy, sell or hold advice, and anyone considering investment in Vodafone Idea or any other stock should do their own research and, if needed, consult a SEBI‑registered financial adviser before making decisions.
