Apple India posted a 66% year-over-year increase in net profit for the fiscal year ended March 31, 2026, reaching ₹5,311 crore on the back of a 31.4% rise in operating revenue to ₹1.04 lakh crore, fueled by strong demand across its product and service portfolio.
- Net profit jumped 66% to ₹5,311 crore in FY26
- Operating revenue grew 31.4% to ₹1.04 lakh crore
- Supply constraints may impact future product availability
What happened
During the fiscal year ended March 31, 2026, Apple India achieved a significant financial milestone with net profits increasing by 66% to ₹5,311 crore compared to ₹3,196 crore in the prior year. Revenue from operating activities climbed 31.4% to ₹1.04 lakh crore, bolstered by strong sales of iPhones, MacBooks, iPads, and related products.
Revenue from traded goods reached ₹99,068 crore, representing a nearly 33% year-over-year increase. Services such as Apple Care also contributed positively, growing 7.6% to ₹4,292.8 crore. Apple’s total income, including finance and other revenues, amounted to ₹1.05 lakh crore.
Why it matters
Apple India's financial performance underscores the increasing importance of the Indian market in the company’s global strategy. Aside from growing sales, India is now a critical manufacturing base, with iPhone exports crossing ₹2 lakh crore in FY26. This expansion not only diversifies Apple’s supply chain but also taps into local demand for a broadening ecosystem of devices and services.
The launch of Apple Pay in India, in partnership with Axis Bank, highlights Apple’s efforts to deepen customer engagement through financial services. The payment platform's quick adoption by major retailers enhances Apple’s footprint in the competitive Indian market, potentially boosting device sales and service revenue further.
What to watch next
Despite the strong financial growth in FY26, Apple faces emerging supply constraints due to shortages in advanced semiconductor manufacturing capacity and memory components. These issues could limit the availability of iPhones, Macs, and iPads in India and globally, potentially impacting revenue growth in upcoming quarters.
Monitoring how Apple manages these supply chain challenges while scaling its financial services and manufacturing footprint in India will be critical. The company’s ability to sustain double-digit growth in device sales and expand adoption of platforms like Apple Pay will shape its long-term prospects in the world’s fastest-growing smartphone market.