Business · Companies · 2 hrs ago
Apple India revenue topped ₹1 lakh crore in FY26 as profit rose 66%
Apple India crossed ₹1 lakh crore in revenue in FY26, the year ended March 2026.
Revenue rose 31% to ₹1,03,853 crore, while net profit climbed 66% to ₹5,311 crore.
The company’s growth accelerated from the previous year, when revenue rose 18% and profit rose 16%.
India’s smartphone market grew modestly, but phones priced above ₹30,000 were its fastest-growing segment, and Apple’s sales volume growth more than doubled to 24%.
Analysts point to wider retail access, financing and demand for premium phones as factors helping Apple reach more buyers, though Apple did not explain the growth in its filings.
Samsung’s local mobile-phone revenue fell 1.4%, while its total India business includes products such as TVs and appliances as well as exports.
Apple India’s reported revenue does not include the full value of iPhone manufacturing and exports from India, which are recorded through contract manufacturers and other Apple entities.
The figures show Apple gaining ground in India’s premium-phone market, but the filings do not say how its growth will develop next.
Apple India’s revenue from operations rose 31% to ₹1,03,853 crore in FY26, crossing ₹1 lakh crore.
Net profit increased 66% to ₹5,311 crore.
The company’s revenue growth accelerated from 18% in the previous fiscal year.
Apple’s volume growth more than doubled to 24% in FY26 from 11% in FY25.
India’s smartphone market grew 2% by volume and 9% by value in FY26, while the premium segment grew 12% by volume.
- Who
- Apple India Pvt Ltd.
- What
- Revenue rose 31% to ₹1,03,853 crore, and net profit rose 66% to ₹5,311 crore in FY26.
- When
- The year ended March 2026.
- Where
- India.
- Why
- The company did not specify reasons in its filings. A Counterpoint analyst cited premium smartphone demand, wider retail reach, deeper distribution and financing options.
This story does not have two clearly opposing sides.
Apple India revenue was ₹79,060 crore, while its volume growth was 11%.
Apple India reported revenue of ₹1,03,853 crore and net profit of ₹5,311 crore.
Apple India’s volume growth reached 24%.
- FY26 revenue
- ₹1,03,853 crore
- Revenue growth
- 31% year on year
- FY26 net profit
- ₹5,311 crore
- Profit growth
- 66%
- FY26 Apple volume growth
- 24%, up from 11% in FY25
- India smartphone market growth
- 2% by volume and 9% by value
What people are saying
Apple's growth in India is being driven by the steady shift towards premium smartphones.
Strong brand aspiration, wider retail reach, deeper distribution across tier-2 and beyond markets, along with easy financing options are making iPhones accessible to a much larger set of buyers.