New Delhi: Apple India’s revenue increased by more than 32% to ₹1,04,607 crore in the financial year 2025–26, crossing the ₹1 lakh crore milestone as the technology company expanded its business in one of the world’s largest smartphone markets. The company’s net profit also recorded strong growth, rising 66% to ₹5,311 crore during the fiscal year, according to information shared by market intelligence firm Tofler.
Apple India Private Limited, which provides and markets Apple-branded products and software in the country, reported revenue of ₹79,060.5 crore in FY25. The latest figures indicate a substantial increase in the company’s Indian business over the year.
The results underline Apple’s growing presence in India, where demand for premium smartphones, wider retail distribution and financing options have helped make its products accessible to more consumers. The revenue milestone comes amid competition among major smartphone manufacturers and changing preferences among Indian buyers.
Apple India revenue rises to ₹1,04,607 crore
Apple India’s revenue increased from ₹79,060.5 crore in FY25 to ₹1,04,607 crore in FY26, representing growth of more than 32%. The increase reflects the continued expansion of the company’s business in the country.
The ₹1 lakh crore milestone is significant for Apple’s Indian operations, which market products such as iPhones, Mac computers, iPads and accessories, alongside related software and services.
The figures reported by Tofler show that Apple India’s revenue growth was accompanied by a much faster increase in net profit. The company’s profit rose from ₹3,196 crore in FY25 to ₹5,311 crore in FY26.
However, revenue and profit measure different aspects of a business. Revenue represents income generated through business activities, while net profit reflects the amount remaining after the company accounts for its expenses and other applicable charges.
The latest results therefore indicate that Apple India not only generated higher revenue but also reported a substantial increase in the profit retained during the financial year.
Net profit jumps 66% to ₹5,311 crore
Apple India’s net profit increased by 66% to ₹5,311 crore in FY26, compared with ₹3,196 crore in the previous financial year. The company’s total expenses for FY26 were reported at ₹96,224 crore, according to Tofler.
The increase in profit was considerably faster than the reported growth in revenue. This suggests an improvement in the relationship between the company’s earnings and its costs during the year, although the headline figures alone do not establish which individual factors contributed most to the change.
The company’s expenses also rose as its business expanded. A detailed assessment of its performance would require a closer examination of its financial statements, including product sales, service income, operating costs and other items.
Nevertheless, the rise in net profit indicates that the company recorded stronger bottom-line performance in FY26 than in FY25.
Premium smartphone demand supports Apple’s growth
Apple’s performance comes as Indian consumers continue to show interest in premium smartphones. While the broader smartphone market faces periods of slower growth, the premium segment has attracted buyers looking for advanced cameras, performance, software support and integration with other devices.
Industry analysts have pointed to brand appeal, broader retail availability and easier financing as factors helping Apple reach more customers across India.
The expansion of distribution beyond major metropolitan areas has also created opportunities to reach consumers in smaller cities. Retail stores, authorised resellers and online sales channels give customers more ways to purchase Apple products and access after-sales services.
Financing schemes and exchange offers can further reduce the immediate cost of buying an iPhone. These options may make premium devices more accessible to customers who would otherwise find their upfront prices difficult to afford.
However, the financial results do not isolate the contribution of each factor. The extent to which product launches, pricing, financing and distribution influenced Apple India’s revenue would need to be assessed using more detailed company and industry data.
Competition remains intense in India’s smartphone market
India remains a competitive market for smartphone manufacturers, with companies offering devices across a wide range of prices. Apple competes in the premium segment against manufacturers including Samsung, while Android brands also target consumers looking for high-end features at different price points.
Apple’s business model differs from that of many competitors because it combines hardware with its software ecosystem and related services. Customers using multiple Apple devices may value integration between their smartphones, computers, tablets and other products.
The company’s position in the premium market also means its performance cannot be compared directly with every competitor using revenue alone. Some manufacturers generate substantial income from televisions, home appliances, network equipment and other product categories, while Apple’s Indian business is more closely associated with its own branded devices and related offerings.
Comparisons therefore need to account for the different product portfolios and business structures of the companies involved.
What the milestone means for Apple in India
Crossing ₹1 lakh crore in annual revenue marks an important stage in Apple India’s business development. The growth recorded in FY26 points to the increasing commercial importance of the Indian market for the company.
For consumers, Apple’s expansion may mean greater retail availability and more purchasing options. However, strong company revenue does not necessarily mean that its products have become affordable for all sections of the population. Premium smartphones remain a significant expense for many households, and purchase decisions depend on income, financing costs and competing needs.
For the wider technology industry, Apple India’s results provide an indication of the scale that premium electronics businesses can achieve in the Indian market. They also highlight the importance of understanding the difference between sales growth and profitability when assessing a company’s financial performance.
The reported figures cover Apple India’s financial year from April 2025 to March 2026, rather than the calendar year.
Outlook for Apple India
Apple India’s FY26 performance combines revenue growth of more than 32% with a 66% rise in net profit. The results show that the company expanded its reported revenue beyond ₹1 lakh crore while recording higher earnings.
Whether this pace can continue will depend on consumer demand, competition, product pricing, distribution and broader economic conditions. The company will also need to maintain demand for premium products in a market where customers have a wide range of alternatives.
For now, the latest figures establish FY26 as a milestone year for Apple India. The combination of higher revenue and stronger profit places the company’s Indian operations on a larger financial footing as it continues to compete for customers in the country’s evolving smartphone and consumer technology market.