Vodafone Idea Shares Surge 5% as Subscriber Losses Slow Significantly

• Vodafone Idea shares rose over 5.5% on Friday, March 20, driven by a sharp moderation in subscriber losses.
• TRAI data for January 2026 showed Vodafone Idea lost 4.11 lakh subscribers, its lowest monthly decline in at least two years.
• This marks a significant improvement from the 1-2 million monthly subscriber losses seen through most of 2024 and 2025.
• The pace of decline has steadily eased, dropping from 1.7 million per month in early 2024 to 0.41 million in January 2026.
• The company reported a net loss of ₹5,286 crore in the December quarter, with revenue up 1.1% QoQ to ₹11,323 crore.