Apple India FY26 revenue tipped to double HUL's as premium spend overtakes staples
Kotak MF report flags a structural consumption reset: Apple India eyeing ₹1.43 lakh crore in FY26, premium smartphones at 26% share (vs 20% in 2020), live events nearly doubling to 34,000 by 2025, and foreign travel up 5.6x in eight years — all powered by affluent urban incomes growing ~18% vs 6% for mass market.
Kotak MF projects Apple India FY26 revenue at ₹1.43 lakh crore, roughly double HUL's, as premium spend overtakes staples in India.
Mint · Markets · 5/25/2026, 7:05:26 AM · Ask about this →