Samsung India sees massive jump in exports, ships products to almost 70 countries including South Korea
Samsung India's exports surged 25% to Rs 45,930 crore in FY25, highlighting India's rising importance as a global production hub. This fueled an 11.7% revenue jump to Rs 1,11,183 crore and a 38% net profit increase.
New Delhi: Samsung, a South Korean multinational major appliance and consumer electronics corporation, which is one of the biggest players in the electrical devices, has seen a surge in exports from India.
The company's exports of smartphones, television sets, refrigerators and washing machines from our country have increased by 25% to Rs 45,930 crore in 2024-25, showing the rising importance of India in becoming an important production hub for the South Korean giant.
As per the company's latest regulatory filings with the Registrar of Companies, exports in the last fiscal year accounted for almost 42% of Samsung India Electronics' revenue compared with 37% in FY24. Its unit in India is also exporting to the US from this calendar year. Meanwhile, Samsung's revenue in the domestic market grew just 5%.
Increase in revenue of Samsung India
According to the regulatory filings, Samsung India's revenue from operations increased to Rs 1,11,183 crore, a jump of 11.7% in FY25. Its net profit increased to Rs 11,286 crore, a jump of 38%. The unit shipped products to nearly 70 countries, including South Korea and Vietnam. It has exported the Galaxy smartphones to China, Europe, South Korea, Saudi Arabia, the UK, the US and Vietnam, and home appliances and televisions to Africa, Asia and even South Korea.
Mohit Yadav, founder at market intelligence firm AltInfo, while speaking to Economic Times, said, "Samsung India shows no slowdown, with profit rising and cash and bank balances climbing from Rs 17,300 crore in FY24 to nearly Rs 27,900 crore in FY25. This scale of increase leaves no doubt that the company is generating cash far faster than it is spending."
Out of the total sales of Samsung India, the smartphone business contributed 74% and home appliances have over 10% contribution. To improve its business operations, Samsung India paid Rs 3,240 crore as royalty to the parent company in South Korea, but no dividend. As per market researcher IDC India, Samsung India was in the third place in terms of its share in the smartphone market.