Samsung becomes first smartphone brand to achieve $10 billion revenue in India
Samsung India posted a 20 per cent jump in revenue in FY19, doubling its growth rate of 10 per cent achieved during FY18. According to RoC filing, Samsung India`s revenue in FY18 stood at Rs 61,066 crore. Samsung India`s smartphone division contributed a major chunk to the overall revenues, with mobile phone sales amounting to Rs 43,087 crore or nearly 60 per cent of overall revenue.
Samsung India has become the first smartphone and consumer electronics company to achieve $10 billion in revenues in the country, Photo: Reuters