Apple India Net Profit Rises 66% to Rs 5,311 Crore in FY26
-
Khushi Jain
- October 20, 2026
Apple India reported a 66% year-on-year (YoY) increase in net profit to Rs 5,311 crore in the fiscal year ended March 31, 2026 (FY26), compared with Rs 3,196 crore in the year-ago period.
The iPhone maker’s operating revenue increased 31.4% to Rs 1.04 lakh crore from Rs 79,060 crore in FY25, supported by higher sales of iPhones, MacBooks, iPads and other products.
Revenue from the sale of traded goods rose to Rs 99,068 crore during FY26, an increase of nearly 33% from Rs 74,680 crore in FY25.
The company’s remaining operating revenue came from support services, including Apple Care services, which grew 7.6% YoY to Rs 4,292.8 crore. Revenue from maintenance contracts stood at Rs 492.4 crore.
Apple India also earned Rs 463 crore in finance income and Rs 291 crore in other income during the fiscal year, taking its total income to Rs 1.05 lakh crore.
The company had earlier reported strong double-digit revenue growth in India during the June quarter of FY27, supported by demand for its more affordable MacBook Neo.
Apple Expands Its Presence in India
Apple has continued to expand its presence in India beyond its flagship iPhone business, building a broader ecosystem spanning Macs, iPads, wearables and services.
India has also become an important part of Apple’s global manufacturing strategy, emerging as one of its largest production bases outside China. iPhone exports from India crossed Rs 2 lakh crore in FY26.
The company is also expanding its presence in financial services through Apple Pay, which it launched in India last month in partnership with Axis Bank.
The rollout allows iPhone, iPad and Apple Watch users to make payments in apps, online and at contactless-enabled stores. Support for Mac is expected to come soon.
Apple Pay has onboarded several merchants, including Apple Store physical locations, Blinkit, Chaayos, Comet, Croma, Interflora, ixigo, Le15 Patisserie, Reliance brands, Tata 1mg and Zomato, among others.
Apple Expects Supply Constraints
Despite its growth in India, Apple expects supply constraints in the coming months due to a shortfall in advanced semiconductor manufacturing capacity and limitations in the availability of memory components.
The company expects these constraints to affect the global availability of iPhones, Macs and iPads. Markets such as India could also be affected if component shortages persist.
Where Did Apple India Spend in FY26?
Apple India’s total expenses increased 28% to Rs 96,224 crore in FY26, compared with Rs 75,190.7 crore in FY25.
The company paid Rs 10,373.7 crore in licence fees during the year, more than double the Rs 4,257.8 crore spent in FY25.
Purchase of Traded Goods
Inventory expenses stood at Rs 78,228.7 crore during FY26, a 21.6% increase from Rs 64,335.8 crore in FY25. This was the company’s largest expense category.
Employee Benefit Expenses
Employee benefit expenses increased 13% YoY to Rs 3,531.3 crore from Rs 3,126.1 crore in FY25. These expenses included wages, provident fund contributions, gratuity and staff welfare.
The company reported spending Rs 17,80.4 crore on salaries and bonuses during the year.
Marketing and Advertising
Marketing and advertising expenses rose 22.6% YoY to Rs 1,075.2 crore in FY26, compared with Rs 877.1 crore in the year-ago period.
FAQs
1. What was Apple India’s net profit in FY26?
Apple India reported a net profit of Rs 5,311 crore in FY26, up 66% from Rs 3,196 crore in FY25.
2. How much revenue did Apple India generate in FY26?
Apple India’s operating revenue increased 31.4% to Rs 1.04 lakh crore in FY26 from Rs 79,060 crore in FY25.
3. What was Apple India’s largest expense in FY26?
Purchase of traded goods was the company’s largest expense, at Rs 78,228.7 crore.
4. How much did Apple India spend on marketing and advertising in FY26?
The company spent Rs 1,075.2 crore on marketing and advertising in FY26, up 22.6% from Rs 877.1 crore in FY25.
5. What supply constraints does Apple expect?
Apple expects constraints arising from a shortfall in advanced semiconductor manufacturing capacity and limited availability of memory components, potentially affecting the global supply of iPhones, Macs and iPads.
