Apple India revenue surges 48% to Rs 49,322 crore, profit up 77% in FY23

Apple India experienced robust financial growth in the fiscal year ending March 2023, according to data from business intelligence firm Tofler. The company's revenue surged by 48 per cent year-on-year, reaching Rs 49,322 crore. In the previous fiscal year (FY 2022), Apple India reported revenue of Rs 33,381 crore.

The company's profit saw a significant increase of approximately 77 per cent, rising to Rs 2,230 crore in FY 2023 from Rs 1,263 crore in FY 2022.

Tofler noted that the company's total expenses for the fiscal year were reported as Rs 46,444 crore, while the expenditure in FY 2022 amounted to about Rs 31,693 crore. Apple India's strong financial performance highlights its continued growth and success in the Indian market.

(With PTI Inputs)