Samsung doesn’t report financials of individual markets but according to a filing with the Registrar of Companies unearthed by the Economic Times, Samsung reported a revenue of Rs. 40,392 crore in 2013-14. The report says the revenue is up by 45 percent from the previous year but the most important takeaway from the report is that it makes the Korean giant the second largest company that sells its products to Indian consumers.
The company overtook FMCG-conglomerate ITC to take the second spot and is inching closer to car maker, Maruti Suzuki that reported revenue of Rs. 44,523.33 crore.
Although Samsung is a popular brand for smartphones, Samsung’s market share is under pressure due to stiff competition in the entry-level segment from Chinese and Indian players and slow sales of its flagship product. The Korean company however, holds a considerable market share in the consumer electronics segment that includes TVs, washing machines, refrigerators.
Thanks, Ajith!
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