Driven by the growing attraction towards premium smartphones and a digital lifestyle among Indian consumers, tech giant Apple is poised to outpace the country’s leading FMCG company, Hindustan Unilever, in terms of revenue collection in the current fiscal year 2026. According to a recent report by Kotak Mahindra Mutual Fund, Apple India’s revenue in FY 2026 is likely to cross 1.42 lakh crore rupees. This amount is more than double the estimated revenue of Hindustan Unilever (64,468 crore rupees).
The report mentions that over the last 5 years, Apple’s business in India has grown by approximately 6.2 times. In the fiscal year 2021, Apple’s revenue was 22,845 crore rupees, which was half of HUL’s revenue (47,028 crore rupees) at that time.
According to data from Counterpoint Research, due to the strong demand for the new iPhone 17 series and attractive finance offers in the January–March quarter of 2026, Apple managed to capture a record-breaking 9% market share in the Indian smartphone market. Despite its high price, the iPhone 17 has emerged as the highest-selling smartphone model in the country.
Among the tech and electronics companies operating in India, Apple is also expected to overtake Samsung Electronics, whose estimated revenue in India is around 1.1 lakh crore rupees. This unprecedented growth reflects the purchasing power of urban Indian consumers and their preference for advanced, high-end technology.
Apple India Expects Revenue of 1.42 Lakh Crore Rupees
