Top Story


Home >> Marketing >> Article

Vodafone India H1 FY14 revenues up 13.5% at Rs 184,809 mn

Font Size   16
Vodafone India H1 FY14 revenues up 13.5% at Rs 184,809 mn

Vodafone India continued to show strong revenue growth, significant margin improvement and robust cash flows, with exponential growth in data in H1 FY14. India becomes the third largest contributor to group service revenues.

Vodafone India reported a 13.5 per cent increase in revenues in H1 FY14 at Rs 184,809 million, as against Rs 162,826 million in H1 FY13. Data (browsing) revenues jumped 76.5 per cent to Rs 15,419 million. Revenue performance was driven by price hardening, strong growth in voice minutes and data revenues; partially offset by the effect of seasonality and regulatory changes.

EBITDA for H1 FY14 stood at Rs 65,191 million, as against Rs 49,930 million in H1 FY13. EBITDA margin at 31.8 per cent showed a significant margin improvement of 3.4 ppt y-o-y (H1 FY14). Margin improvement and healthy operating free cash flow were driven by scale benefits, operating efficiencies and lower acquisition costs.

Commenting on the company’s performance, Marten Pieters, Managing Director & CEO, Vodafone India said, “We continue to show a healthy revenue growth driven by price hardening, an exponential growth in data and a solid subscriber base. Our focus on profitable growth has led to a strong margin improvement and to a strong operating free cash flow. We will continue to invest in our future growth areas of democratizing data and driving financial inclusion through M- Pesa.”

Rajat Sharma who was recently elected as President of the NBA talks about his plans for the industry body

The Country Sales Manager Media at Akamai says that technology seems to be taking over all possible spaces and people considering it in both positive and negative ways

The India Marketing Lead of Skyscanner believes that with the acquisition by Ctrip they have reached the market leader status

Our typical marketing budget is usually 10 per cent of the topline spend

The BBC carried out a survey along with Globescan to see how the world looks at the issue of ‘fake news’

The objective of content marketing is not just to encourage product purchase or generate ROI. The key to its success lies in building relationships based on trust, opines Dasgupta

The interesting animated rap music video encapsulates Droom’s ecosystem tools and their role in facilitating second-hand automobile transactions