KOLKATA: Samsung India crossed the Rs 50,000-crore sales milestone in 2016-17 as per the just published company filings with the Registrar of Companies (RoC), consolidating its position as the country’s largest pure-play consumer goods MNC.
The Korean giant’s total income, including turnover and other income, grew by 15.5% to Rs 55,511.9 crore in FY 2017 from Rs 48,053 crore in the previous year despite the Chinese companies making serious inroads into the Indian smartphone market.
In fact, Samsung’s mobile business in 2016-17 was higher than the combined sales of the top Chinese and Indian smartphone makers together, including Xiaomi, Oppo, VivoNSE 0.00 %, Micromax and Intex in the year under review. It was almost three times that of Apple India.
Samsung’s smartphone business grew sales by 26.7% to Rs 34,261 crore, while the home appliance business grew by 12% to Rs 6,395.6 crore. The company’s television business remained stagnant at Rs 4,481.2 crore even though ..
