Apple India revenue set to cross Rs 1.4 lakh crore in FY26, eyeing HUL and Samsung
Kotak MF projects Apple India FY26 revenue above Rs 1.4 lakh crore, a 6.2x jump from Rs 22,845 crore in FY21. Premiumisation, iPhone 17 demand and EMI-led accessibility drove 14 million iPhone shipments in 2025, up 16% YoY, taking 9% smartphone share in Q1.
Apple India revenue projected to cross Rs 1.4 lakh crore in FY26 per Kotak MF report, potentially overtaking Hindustan Unilever and Samsung as premiumisation drives iPhone demand, led by iPhone 17 series and EMI-led accessibility.