We have attempted to demystify 5G capex for Indian telecom – Bharti Airtel (Bharti) and Reliance Jio (RJio). We have assumed 5G rollout to be faster than 4G. However, capex spent will be lower than 4G as it was deployed on multiple spectrum bands - 900MHz, 1800MHz, 2100MHz and 2300MHz vs only 3500MHz for Bharti’s 5G, while 800MHz, 1800MHz and 2300MHz vs 700MHz and 3500MHz for RJio’s 5G.
Indian automotive tyre companies, on an average, witnessed 10% increase in gross profit/kg (GP) QoQ in Q3FY23 to long term mean plus one standard deviation levels of ~Rs84/kg. This was the first quarter post a gap of four quarters in which there was a combination of blended price hikes and reduction in raw material basket (RMB) costing.