Earnings Preview: Ahead of IPO, Jio Platforms to see steady Q1 growth on subscriber gains

Jio Platforms expects steady Q1 growth as it prepares for a massive IPO. Nomura says average revenue per user will rise to ₹217, helped by extra billing days. While the company sees more subscribers, analysts at CLSA noted that rising entry-level smartphone prices could slow down the current premiumization trend.