Apple India FY26 revenue to hit Rs 1.4 lakh crore, more than double HUL's topline

Apple India is projected to clock Rs 1.4 lakh crore in FY26, a 6.2x jump from FY21's Rs 22,845 crore and over 2x HUL's Rs 64,468 crore. iPhone shipments hit 14 million in 2025, with 9% smartphone share in Q1 FY26 and iPhone 17 the top seller — India is now Apple's fourth-largest market.

— Source publishedTue, 26 May, 2026, 04:45 IST·First seen Tue, 26 May, 2026, 05:27 IST·Source Times of India · Business

What happened

Apple India's FY26 revenue projected at Rs 1.4 lakh crore, more than double HUL's, signaling premiumisation shift in Indian consumption. Apple captured 9%

Key facts

  • Rs 1.4 lakh crore FY26 revenue
  • HUL Rs 64,468 crore
  • FY21 Rs 22,845 crore
  • 6.2x growth in 5 years
  • 14 million iPhones shipped 2025
  • 16% YoY
  • 9% smartphone share Q1 2026

Why this matters

Apple's India scale-up reframes the M&A landscape — premium electronics distribution, services, and trade-in ecosystems become strategic targets as the iPhone install base compounds toward 50M+ users.