Apple India Revenue Crosses ₹1 Lakh Crore in FY26; Profit Jumps 66%

Apple India Pvt Ltd reported annual revenue of more than ₹1 lakh crore for the first time in FY26, as per news reports. Revenue from operations increased 31% to ₹1,03,853 crore, compared with ₹79,060 crore in the previous financial year. 

Net profit grew even faster, reaching ₹5,311 crore against ₹3,196 crore in FY25. The company’s revenue growth also picked up from 18% in the previous year, while profit growth accelerated from 16%. 

Premium Smartphones Drive Market Growth 

Apple’s performance came as India’s smartphone market recorded modest growth. According to Counterpoint Technology Market Research, smartphone sales rose 2% by volume and 9% by value in FY26. 

Phones priced above ₹30,000 performed better than other segments, with volumes increasing 12%. Apple’s own volume growth more than doubled to 24%, compared with 11% in FY25. 

Apple and Samsung Report Different Trends 

Apple’s India revenue was higher than Samsung’s reported mobile phone revenue of ₹81,472 crore, which declined 1.4% in FY26.  

Samsung Electronics India reported total revenue of ₹1.12 lakh crore, covering a broader portfolio that includes televisions, home appliances and telecom equipment. 

Apple India’s reported figures do not include the full value of iPhone manufacturing and exports from the country, which are handled by contract manufacturers. 

Read More: Cyient DLM Share Price Tumble Over 14% After Q2 FY27 Results! 

Conclusion 

Apple India ended FY26 with faster growth in both revenue and profit than in the previous year. Its 24% volume growth also outpaced the broader smartphone market, where premium handsets were the fastest-growing segment. 

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