From The Economic Times · Writankar Mukherjee · · 1m
Samsung India profit plummets 36% as smartphone sales drop
Samsung India's net profit falls 36% year-on-year to ₹7,228 crore in FY26 amid smartphone sales decline and memory chip price hikes.
In brief
Samsung India's net profit falls 36% year-on-year to ₹7,228 crore in FY26 amid smartphone sales decline and memory chip price hikes. Samsung India's smartphone business revenue dropped 1.4% to ₹81,472 crore in FY26 as memory chip prices surged and competition intensified. Originally reported by The Economic Times.
Profit plunge
Samsung India's net profit plunged 36% year-on-year to ₹7,228 crore in FY26.
“Samsung India's net profit plunged 36% year-on-year to ₹7,228 crore in FY26.”
Smartphone sales drop
Smartphone revenue fell 1.4% to ₹81,472 crore in FY26, with market share shrinking to 15% from 16% in 2024.
“Samsung's volume share in India's smartphone market fell to 15% in calendar 2025 from 16% in 2024.”
Memory chip prices surge
Memory chip prices doubled over 9-10 months, increasing cost pressure on Samsung India's smartphone business.
“Samsung has been facing mounting pressure in its smartphone business as memory prices have surged and competition in the Indian market has intensified.”
Export sales decline
Export sales dropped 10% to ₹41,219 crore in FY26, reflecting weaker global demand.
“Samsung India's export sales declined 10% to ₹41,219 crore in FY26.”
Job cuts underway
Samsung India began cutting jobs in batches as smartphone sales and margins faced pressure from rising chip costs.
“Samsung India has begun cutting jobs in batches as sales and margins have come under pressure in its smartphone business.”
The key point
Samsung India's smartphone business revenue dropped 1.4% to ₹81,472 crore in FY26 as memory chip prices surged and competition intensified.
