Apple India Revenue Tops INR 1 Lakh Crore in FY26

30 October 2026: Apple India (P) Ltd. recorded total revenue of INR 1,04,607.4 crore for the year ended 31 March 2026, according to Tofler’s financial data. The Indian subsidiary crossed the INR 1 lakh crore threshold while net profit rose 66.18% to INR 5,311.2 crore, outpacing its sales growth. The figures relate to Apple India (P) Ltd. They sit alongside a wider expansion of the company’s commercial presence, including the opening of Apple BKC in Mumbai.

Apple India revenue: total revenue versus sales

Tofler lists FY26 sales of INR 1,03,853.4 crore, up 31.36% from INR 79,060.5 crore in FY25. Adding other income of INR 754 crore produces total revenue of INR 1,04,607.4 crore, for which Tofler reports 31.78% growth.

That makes about 32% a reasonable rounded description of total-revenue growth. Comparing FY26 total revenue directly with FY25 sales, however, mixes two measures. The sales increase itself was just over 31%, not more than 32%.

Financial measure	FY25 (INR crore)	FY26 (INR crore)
Sales	79,060.5	1,03,853.4
Other income	317.9	754.0
Total revenue: sales plus other income	79,378.4	1,04,607.4
Net profit	3,196.0	5,311.2

Profit improves as margins widen

Profit growth of 66.18% exceeded sales growth of 31.36%. Tofler’s table also shows net margin moving from 4.0% in FY25 to 5.1% in FY26, meaning Apple India retained a larger share of sales as profit.

Expenses stood at INR 96,224 crore. The financial summary does not identify how much revenue came from iPhones, Macs, iPads or other individual product categories, so it cannot establish which product drove the increase. Tofler’s balance-sheet figures show cash and cash equivalents rising from INR 8,066.7 crore to INR 17,418.1 crore. 

Retail expansion provides context

Apple’s 25 February 2026 retail announcement identified Apple Borivali at Sky City Mall as its sixth store in India and second in Mumbai, with a scheduled opening on 26 February. The company said the store would offer iPhones, iPads and Macs alongside services such as Apple Trade In, flexible financing and personal setup.

Those services show how Apple supports purchases and upgrades. Neither the store announcement nor the financial figures quantifies how much financing, exchanges or new stores contributed to FY26 growth.

What do the figures mean for electronics suppliers?

For manufacturers and suppliers, the results establish a larger business for Apple India, but they do not quantify new component orders. Earlier reporting on Tata’s iPhone manufacturing plans concerns a separate part of the industry: production arrangements and the companies responsible for them.

Industry research indicates that India’s premium smartphone segment continues to outperform the broader market. Wider retail availability, financing facilities and increasing demand beyond metropolitan cities have supported Apple’s expansion.

Apple’s growing presence also highlights opportunities across India’s electronics manufacturing supply chain, including printed circuit boards, electronic components, precision coatings, specialty materials and industrial printing technologies.