Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of the Earning Call held on August 05, ....

August 10, 2026 National Stock Exchange of India Limited Exchange Plaza, C-1 Block G Bandra Kurla Complex, Bandra (E) Mumbai - 400051, India Symbol: BHARTIARTL/ AIRTELPP BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001, India Scrip Code: 532454/ 890157 Sub: Transcript of the Earnings Call dated August 05, 2026 Dear Sir/ Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of the Earnings Call held on August 05, 2026 in respect of the audited financial results of the Company for the first quarter (Q1) ended June 30, 2026. The transcript of the call is also uploaded on the Company’s website i.e. https://www.airtel.in/about-bharti/equity/results Kindly take the same on record. Thanking you, Sincerely yours, For Bharti Airtel Limited Rohit Krishan Puri Company Secretary & Compliance Officer Encl.: As above Bharti Airtel Limited (a Bharti Enterprise) Regd. Office: Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV, Gurugram - 122015, India Corporate Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi - 110070, India T.: +91-124-4222222, F.: +91-124-4248063, Email: compliance.officer@bharti.in, Website: www.airtel.in CIN: L74899HR1995PLC095967 Final Transcript Transcript of Bharti Airtel Limited and Bharti Hexacom Limited Q1 ended June 30, 2026 Earnings Webinar Conference Call Transcript Event: Transcript of Bharti Airtel Limited and Bharti Hexacom Limited Q1 ended June 30, 2026 Earnings Webinar Event Date/Time: August 05, 2026/12:00 Hrs Republished with permission. No part of this publication may be reproduced or transmitted in any form or by any means without the prior written consent of Bharti Airtel Limited. - 1 - Final Transcript Transcript of Bharti Airtel Limited and Bharti Hexacom Limited Q1 ended June 30, 2026 Earnings Webinar CORPORATE PARTICIPANTS Mr. Gopal Vittal Executive Vice Chairman, Bharti Airtel Limited Mr. Shashwat Sharma Managing Director and Chief Executive Officer (Airtel India), Bharti Airtel Limited Mr. Soumen Ray Group Chief Financial Officer, Bharti Airtel Limited and Director, Bharti Hexacom Limited Mr. Akhil Garg Chief Financial Officer (Airtel India), Bharti Airtel Limited Mr. Naval Seth Executive Vice President - Group Investor Relations, Bharti Airtel Limited Mr. Karthikeyan Velu Group Financial Controller, Bharti Airtel Limited and Chief Financial Officer, Bharti Hexacom Limited Vaidehi Sharma – Moderator Good afternoon, ladies and gentlemen. I am Vaidehi Sharma, the Moderator for this webinar. Welcome to the Bharti Airtel Limited and Bharti Hexacom Limited Q1 ended June 30, 2026, Earnings Webinar. Present with us today is the senior leadership team of Bharti Airtel and Bharti Hexacom Limited. I must remind you that the overview and discussions today may include certain forward-looking statements that must be viewed in conjunction with the risks that we face. Post the management opening remarks, we will open up for an interactive Q&A session. Interested participants may click on raise hand option on the Zoom application to join the Q&A queue. The participants may also click this option during the management opening remarks itself to ensure they find a place in the queue. Upon announcement of name participants to kindly click on unmute myself in the pop-up screen and start asking the question post introduction. With this, I would now like to hand over to Mr. Gopal Vittal for his opening remarks. Gopal Vittal – Executive Vice Chairman, Bharti Airtel Limited Good afternoon, everybody and welcome to the Q1 earnings call. I have with me: Shashwat, Soumen, Akhil and Naval. Let me comment on the overall performance as well as the new bets that we are focused on before I hand over to Shashwat. We delivered yet another quarter of strong performance across the group. Our consolidated revenue was Rs.58,500 Crores, growing at about 5.7% sequentially. Africa maintained its strong growth trajectory with a constant revenue growth of 5.7%. India excluding the passive infra growth was equally strong at 3.6% sequentially. Our consolidated EBITDAaL was at Rs.29,800 Crores, this is a growth of 4.2% and the margin stood at 51%. Our operating free cash flow, which is EBITDAaL minus capex, was at over Rs.16,450 Crores. Capex for the quarter was about Rs.13,390 Crores and the operational discipline continues to remain an enabler of our strong performance with focused execution and efficiency improvements through our War on Waste initiative. Our consolidated net debt to EBITDAaL improved to 0.7% and India without passive infra is now lower than 1%. The strength of our balance sheet is underpinned by our prudent capital allocation, disciplined capex and continued operational excellence and this is well recognized by leading global agencies, which sustained rating upgrades during the quarter. Our diversified resilient portfolio continues to deliver strongly. Today, I want to spend a little bit of time on Africa, a market where we see a significant long-term opportunity. During the quarter, we completed an EPS accretive share swap transaction that increased our Airtel stake in the Africa business to over 79%. This strengthens our participation in Africa’s growing profit pool and underscores our belief in the scale and durability of the opportunity across the continent. We have invested significant time in understanding each market, building local execution capabilities and developing healthy relationships with regulators and other stakeholders. This experience has also affirmed our decision to introduce Indus into Africa. Airtel's Africa operations today, generate an annualized EBITDA of over Rs.35,000 Crores and I truly believe this is a very, very rare achievement for an Indian based company. Africa is also, as you know, an important growth engine in Airtel’s portfolio, contributing in the last one year almost half of our consolidated revenue growth of 16% odd for the year. Over the last five years, the business has delivered constant currency CAGR growth of over 20% in revenue and over 24% in EBITDA, reflecting both the strength of our execution and the scale of the opportunity. The structural growth potential is supported by a powerful combination of favorable demographics, low digital penetration and rising demand for connectivity, financial inclusion and digital infrastructure. I believe Africa today resembles India nearly 10 years ago - a large, young and increasingly digital population with meaningful headroom for penetration-led growth and let me give you a few examples of this, just to reinforce this. Tele-density which is penetration is at 45% and smartphone penetration is only 52%, showing you the headroom available. The average median age across the continent in the markets we operate in is under 18 years and the total population across these 14 countries is about 680 million and growing strongly. Home broadband penetration is only 2% and there are at least 30 million households that can afford a broadband connection. The enterprise and data center opportunities remain largely untapped. We have over 82,000 kilometers of fiber with access to large submarine capacity. And finally, Airtel Money has now achieved meaningful scale with a Q1 revenue of over $400 million growing at Republished with permission. No part of this publication may be reproduced or transmitted in any form or by any means without the prior written consent of Bharti Airtel Limited. - 2 - Final Transcript Transcript of Bharti Airtel Limited and Bharti Hexacom Limited Q1 ended June 30, 2026 Earnings Webinar 26% year-on-year in constant currency terms and the opportunity ahead here remains significant with 64% of adults across our footprint still without access to a formal bank account. Given this growth trajectory and the large addressable opportunity, Airtel Money is now preparing for a London listing in the second half o [Showing first 8,000 characters — download PDF for full document]