Reliance Jio Platforms expects its mobile average revenue per user (ARPU) to rise to Rs 326.4 per month by fiscal year 2031, according to its IPO filings reviewed by medianama.com. This projection highlights significant growth potential from the current FY26 ARPU of Rs 214, driven by increasing data consumption and higher disposable income in India.
Jio’s ARPU has steadily increased from FY24 to FY26 due to multiple factors, including industry-wide tariff hikes, enhanced consumer engagement, and customers upgrading to higher-data plans. These plans offer additional value through unlimited 5G access, OTT content on JioHotstar, live sports, and micro dramas. Jio noted that the ARPU growth reflects a 5G premiumisation effect and an improved product proposition that end users have positively responded to, indicating a greater willingness to spend on reliable mobile broadband services.
India’s mobile broadband ARPU remains below global benchmarks, with Jio’s Rs 214 trailing Airtel’s Rs 257.2 and ahead of Vodafone Idea’s Rs 174 as of FY26. The consistent ARPU increase signals a shift toward sustainable pricing and data monetisation in the Indian telecom sector. This trend is critical as operators seek to balance affordable access with revenue growth amid rising data demand and 5G adoption.
Jio’s IPO draft red herring prospectus underscores the company’s confidence in the mobile broadband market’s growth trajectory, projecting Rs 326.4 ARPU by FY31. This figure sets a benchmark for the industry’s evolving revenue models and consumer spending patterns over the next five years.