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Apple India in sweet spot as FY26 revenue crosses Rs 1 lakh crore, profit soars

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Apple India in sweet spot as FY26 revenue crosses Rs 1 lakh crore, profit soars

Apple India in sweet spot as FY26 revenue crosses Rs 1 lakh crore, profit soars

Apple India's revenue reached ₹1 lakh crore in FY26, reflecting a strong growth trend in smartphone sales. Revenue growth was noted at 31%, exceeding that of its competitor Samsung, which faced a decline. Net profit increased by 66% from the previous fiscal year, highlighting Apple's robust performance. The premium smartphone market saw significant growth, benefiting Apple due to its strong brand appeal.

Kolkata: Apple's India business crossed the ₹1 lakh crore revenue milestone in FY26, with sales growth accelerating sharply and profits surging as demand for the iPhone maker's products remained resilient despite a slowing market. Revenue from operations of Apple India Pvt Ltd rose 31% on-year to ₹1,03,853 crore in the year ended March 2026, up from ₹79,060 crore in FY25, according to the company's filings with the Registrar of Companies accessed through business intelligence platform AltInfo. Its biggest competitor locally, Samsung, posted a 1.4% decline in mobile phone revenues to ₹81,472 crore last fiscal. Advt

India business growth at Apple was significantly higher than the 18% recorded in the previous fiscal. Wider Retail Reach Profit growth was even stronger. Net profit jumped 66% to ₹5,311 crore in FY26, compared with ₹3,196 crore in the previous year, when it had risen 16%. The company did not specify the reasons behind the sharp acceleration in revenue and profit growth in its filings. An email sent to Apple India remained unanswered till Monday press time. "Apple's growth in India is being driven by the steady shift towards premium smartphones.


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