Apple India FY26 revenue crosses Rs 1 lakh crore

Apple's Indian operations generated over ₹1 lakh crore in revenue for the fiscal year ending March 2026, marking a significant 31% growth year-over-year. This surge in sales outpaced the 18% growth seen in the previous fiscal year. The company's net profit also jumped 66% to ₹5,311 crore, up from ₹3,196 crore in the prior year. Despite a slowdown in the overall smartphone market, Apple's Indian business remained robust, driven by the growing demand for premium smartphones, a wider retail presence, deeper distribution in secondary-tier markets, and flexible financing options.

Analysts attribute the sharp revenue and profit acceleration to the narrowing price gap between Android flagship phones and iPhones, coupled with Apple's strong brand appeal and ecosystem.