Apple India FY25 profit up 16% to ₹3,196 crore; revenue rises 18%

Apple India reported a 16% rise in net profit to ₹3,196 crore in 2024-25, according to the iPhone maker’s regulatory filings shared by market intelligence firm Tofler.

The company had posted a profit of ₹2,745.71 crore in the previous financial year.

Total revenue increased 18% to ₹79,378 crore in FY25 from ₹67,121.61 crore in FY24, the filings showed.

Revenue from operations rose 18.48% to ₹79,060.51 crore during the year.

“Apple India Private Limited… reported its revenues for the financial year 2024-25 as ₹79,378 crore, an 18% jump since the last financial year. The company’s total expenses for the fiscal were reported as ₹75,191 crore,” Tofler said.

Expenses increased by around 18% to ₹64,010.91 crore from ₹54,147.04 crore in FY24, while employee benefit costs rose 19.5% to ₹3,107.35 crore.

Apple’s India sales in FY25 grew at 18% year-on-year, the slowest pace in six years, as a higher base and increased contribution from lower-priced older iPhone models weighed on momentum.

Analysts expect the company’s India revenue growth to moderate further to 10–15% in FY26.

Since 2020, Apple’s India revenue has expanded between 30% and 70% annually, driven by a low base in the post-pandemic years.

In the July–September quarter of 2025, Apple became India’s fourth-largest smartphone brand with a 10.4% market share, behind Vivo, Oppo and Samsung.

The entry-premium smartphone segment ($200–<400) and premium segment ($600–<800) grew 35% each in 2024, The Economic Times reported, citing IDC India. The overall Indian smartphone market, estimated at ₹2.5 lakh crore, expanded by about 4%.