New Delhi: Reliance Jio strengthened its management in India’s telecom sector within the third quarter of FY26, posting sturdy income development and increasing market share amid regular business momentum, in keeping with an ICICI Securities report.
Jio’s Adjusted Gross Revenue (AGR), together with National Long Distance (NLD), rose 3.9% quarter-on-quarter and 11.2% year-on-year to ₹321 billion in Q3FY26.
Its AGR market share elevated to 43%, up 41 foundation factors sequentially and 114 foundation factors year-on-year, ICICI Securities report stated.
Bharti Airtel reported AGR of ₹299 billion with a 39.9% market share, whereas Vodafone Idea posted ₹99 billion and a 13.3% share.
“VIL’s AGR market share declined to 13.3%, down 28bp QoQ, primarily due to a decline in all the metro circles,” the report learn.
Jio’s incremental year-on-year AGR of ₹32.4 billion exceeded Bharti’s ₹24.8 billion, underscoring its stronger income momentum.
The mixed AGR of the highest three non-public operators grew 2.9% quarter-on-quarter and eight.9% year-on-year to ₹720 billion in Q3FY26, aided by subscriber development and premiumisation.
On an annualised foundation, business AGR reached almost ₹3 trillion.
Jio’s metro efficiency stood out, with AGR rising 18% sequentially. Delhi and Kolkata noticed will increase of twenty-two.9% and 24%, respectively, whereas Mumbai grew 6.7%,
The firm gained market share in 16 telecom circles in the course of the quarter. “RJio has gained AGR market share in 16 circles QoQ, with declines noted only in Tamil Nadu (16bp QoQ), Kerala (31bp), Haryana (182bp), Madhya Pradesh (31bp), Bihar (35bp) and Odisha (26bp).”
With sustained development throughout metros and circles, Jio continues to widen its lead in India’s aggressive telecom market.
According to a separate report by CLSA, Reliance Jio strengthened its dominance in India’s telecom market in Q3FY26, gaining 47 foundation factors sequentially to command a 42.5% income market share. The telecom firm posted the best development amongst friends, with income rising 4% quarter-on-quarter and 11% year-on-year.
