Apple India revenue exceeds Rs 1 lakh crore in FY26

Apple India Private Limited reported a significant financial surge for the fiscal year ending March 2026, with revenue from operations reaching Rs 1,03,853 crore. This represents a 31 per cent increase compared to Rs 79,060 crore in FY25.

Net profit for the company saw an even sharper acceleration, climbing 66 per cent to Rs 5,311 crore from Rs 3,196 crore in the previous year. This growth was largely driven by a shift in the Indian smartphone market toward premium devices priced above Rs 30,000. During this period, iPhone sales volumes rose by 24 per cent.

The company’s performance narrows the revenue gap with its primary competitor, Samsung Electronics India, which reported Rs 1.12 lakh crore in revenue for the same period. While Samsung’s total revenue is higher, its mobile phone segment reportedly saw a 1.4 per cent decline, whereas Apple benefited from the growing demand for high-end hardware and services.