Apple India’s Net Profit Crosses INR 3K Cr Mark In FY25

Core Insights - Apple India's total expenses increased by over 18% to INR 75,190 Cr in FY25 from INR 63,397 Cr in the previous fiscal year [1][7] - The sale of traded goods, including iPhones and iPads, contributed INR 74,680.5 Cr to its revenue in FY25, while service sales added another INR 4,380 Cr [1][3] - The operating revenue for Apple India rose by 19% to INR 79,060.5 Cr in FY25 from INR 66,727.7 Cr in FY24 [1][2] - Net profits for Apple India jumped 16% to INR 3,196 Cr (approximately $3.6 Bn) in FY25 compared to INR 2,745.7 Cr (approximately $3.1 Bn) in the previous fiscal year [1] Revenue Breakdown - Revenue from traded goods, which includes iPhones, MacBooks, and iPads, stood at INR 74,680.5 Cr in FY25, reflecting an 18% year-on-year increase [3] - Service sales, including Apple Care and technical support, contributed INR 4,380 Cr to the operating revenue during the fiscal year [3][1] Income and Profitability - Total income for Apple India, including finance and other income, reached INR 79,378.4 Cr in FY25 [2] - The increase in net profits was driven by steady growth in the company's top line [1] Expense Analysis - Total expenses for Apple India grew more than 18% to INR 75,190 Cr in FY25, with stock-in-trade purchases accounting for INR 64,010.9 Cr, up 18% from INR 54,147 Cr in FY24 [7] - Employee benefit costs rose by over 19% to INR 3,107.4 Cr in FY25 from INR 2,599.7 Cr in the previous fiscal year [7] - Advertising expenses increased by 20% to INR 877.1 Cr in FY25 from INR 728.7 Cr in FY24 [8] Strategic Developments - Apple is deepening its omnichannel sales strategy in India, with plans to open two additional flagship stores in Pune and Hyderabad [5] - The company has shifted the entire assembly of iPhones sold in the US to India, expected to be completed by 2026 [5] - Apple currently manufactures its entire iPhone 16 series in India and has begun production of the iPhone 17 [6] - Exports of iPhones from India rose by 76%, reaching INR 1.50 Lakh Cr in FY25 [6]