# 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.
- Title: Samsung India profit plummets 36% as smartphone sales drop
- Summary: 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…
- Keywords: samsung india, smartphone sales, memory chip prices, export sales, counterpoint research, profit margin, Samsung, India, profit, plummets, smartphone, sales
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/cons-products/electronics/weak-core-show-takes-a-big-toll-on-samsung-india-as-net-profit-plunges-36-to-7228-cr-in-fy26/articleshow/134419391.cms
- Author: Writankar Mukherjee
- Published: 2026-09-22T18:57:00+00:00
- Read time: 1 min
- Topics: samsung india, smartphone sales, memory chip prices, export sales, counterpoint research, profit margin
## 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.
## Key takeaway

Samsung India's smartphone business revenue dropped 1.4% to ₹81,472 crore in FY26 as memory chip prices surged and competition intensified.