Samsung India reports 10% jump in FY22 revenues from ops to Rs 85,324 cr

In FY22, the South Korean company's overall revenue in India, including other income, increased by 10% to Rs 85,324 crore

Samsung India's revenue from operations increased 8.6 per cent to Rs 82,451 crore in the financial year 2021-22 (FY22), reported The Economic Times. The jump in revenues was primarily driven by the company’s mobile phone division, the Tofler filings revealed.

The declaration to the Registrar of Companies showed that the cell phone business alone contributed Rs 55,201 crore to revenue. 

Industry executives claimed that aggressive pricing of mobile phones and TVs on ecommerce portals to gain market share, however, caused a decline of 4.9 per cent in the net profit of the company, which came at Rs 3,844 crore against Rs 4,040.8