Samsung about to enter Rs 1 lakh crore galaxy as sales grow 16% to Rs 98,924 crore in FY23
Samsung Electronics is close to achieving annual revenue of ₹1 lakh crore in India, according to recent regulatory filings. The company's total income in 2022-23 reached ₹98,924 crore, with sales growing by 16% compared to the previous year. Despite a decline in the overall market, Samsung's mobile phone business generated revenue of ₹70,292 crore, surpassing Hindustan Unilever and ITC. The company's success has been attributed to its premium smartphone models, financing scheme, and focus on the mid-segment.
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