Apple India has reported a robust performance in fiscal year 2024-25 (FY25), crossing the ₹3,000 crore net profit mark. Driven by strong product sales, service revenue, and a focus on local manufacturing, the Cupertino-based tech giant continues to expand its footprint in the Indian market.
Apple India’s net profits surged 16% to ₹3,196 crore (around $3.6 billion) in FY25, up from ₹2,745.7 crore ($3.1 billion) in FY24. This growth was supported by a steady increase in the company’s operating revenue, which rose 19% year-on-year to ₹79,060.5 crore ($8.8 billion) from ₹66,727.7 crore ($7.4 billion) in the previous fiscal. Including finance income of ₹176.8 crore and other income of ₹141.1 crore, total income for FY25 stood at ₹79,378.4 crore.
The majority of Apple India’s revenue came from the sale of traded goods, including iPhones, MacBooks, iPads, and accessories. Revenue from this segment grew 18% to ₹74,680.5 crore in FY25. Meanwhile, Apple’s services segment, encompassing Apple Care and other technical support services, contributed ₹4,380 crore to operating revenue. This diversification between hardware and services continues to strengthen Apple’s market presence in India.
Apple Inc., the parent company, reported net sales of $416.2 billion and a net profit of $112 billion for the fiscal year ending September 2025. Apple’s growth in India aligns with its global expansion strategy, highlighting the country as a critical market for both revenue generation and manufacturing initiatives.
Apple India is actively expanding its retail presence through flagship stores and omnichannel sales. Currently, the company operates three flagship stores in Mumbai, Delhi, and Bengaluru. Plans are underway to open two more outlets in Pune and Hyderabad within the year, reinforcing Apple’s commitment to providing customers with direct access to its products and services.
Apple’s local manufacturing efforts have played a significant role in improving margins. The company manufactures its iPhone 16 series entirely in India and has begun producing the iPhone 17 series. In a strategic move, Apple announced it will shift the assembly of iPhones sold in the US entirely to India by 2026. Key contract manufacturers such as Foxconn, Tata Technologies, and Pegatron support Apple’s domestic production.
Apple India’s exports also saw a sharp rise, with iPhone shipments from India growing 76% to ₹1.50 lakh crore (free on board value) in FY25, further strengthening the country’s role in Apple’s global supply chain.
Apple India’s total expenses grew over 18% to ₹75,190 crore in FY25 from ₹63,397 crore in FY24. Key expense segments include:
Purchase of Stock-In-Trade: ₹64,010.9 crore, up 18% from ₹54,147 crore in FY24, reflecting strong product demand.
Employee Benefit Costs: ₹3,107.4 crore, a 19% increase from ₹2,599.7 crore, driven by workforce expansion and talent investment.
Advertising Expenses: ₹877.1 crore, up 20% from ₹728.7 crore, supporting marketing campaigns for both product and service offerings.
These strategic investments in workforce, advertising, and inventory management contributed to the overall growth and market competitiveness of Apple India.
Conclusion
Apple India’s FY25 performance highlights the company’s continued dominance in the Indian market. Strong product sales, rising service revenue, and local manufacturing initiatives under the “Make in India” program have propelled profits and revenue. With expanding retail presence and increased exports, Apple India is well-positioned to maintain its growth trajectory in the coming years.