A Kotak Mahindra Mutual Fund report projects Apple India's fiscal year 2026 revenue to exceed ₹1.4 lakh crore (approximately $17 billion USD).
This target doubles the projected revenue of consumer goods giant Hindustan Unilever.
The projection represents a 6.2-fold expansion for Apple’s Indian operations over five years.
This growth reflects Indian urban consumers shifting discretionary spending toward high-end smartphones and digital services.
Apple captured a record market share by value, despite flat domestic smartphone shipment volumes.
Strong demand for the iPhone 17 lineup drives this market share.