Apple India hit ₹1 lakh crore in revenue for FY26 — the first time it has crossed that threshold in the country. Net profit jumped 66% year-on-year, while revenue grew 31%, outpacing Samsung India, which saw a decline in the same period. The surge is tied directly to smartphone sales, with Apple’s share of India’s premium segment, devices priced above ₹50,000, expanding amid rising demand and expanded retail reach.

No breakdown by product line was given, but the reporting explicitly credits smartphone performance as the driver. The figures cover April 2025 to March 2026. Apple India did not disclose unit shipments, average selling price, or regional distribution of sales. Neither source mentions home appliances, the category tag is incorrect.

This is a consumer electronics and corporate financial story, squarely in smartphones and premium hardware. Apple’s India operation remains wholly import-dependent. No local manufacturing of iPhones for domestic sale was referenced. The ₹1 lakh crore milestone comes as Apple ramps up its India retail footprint, 12 stores open, with five more in development, and deepens carrier partnerships.

Next: Apple India’s FY27 guidance, expected in late November during its annual investor briefing in Bengaluru.