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Sony India earns half of its revenue from the television business approximately 20% from its imaging division, and the remaining from its audio and other businesses

Sony India has achieved a 21 percent growth in FY2023-2024. It anticipates to gain momentum led by the rise in demand for premium TV products in the consumer electronics space, Managing Director of Sony India Sunil Nayyar said.

Additionally, he said, the company expects growth rates in the current fiscal year. It may be not to the level that we registered last year, because of the high base effect.

Sony India Made a 40% Increase in Sales During Onam

Sony India is feeling optimistic following a nearly 40% increase in sales during the Onam period in the southern region. The company anticipates experiencing a similar level of growth across the rest of the country throughout the festive season, beginning with Durga Puja.

Sony India claims to be one of the top-tiered brands in categories like 85-inch, 75-inch, and 65-inch screens. The 85-inch has a 49% share market, the 75-inch has a 45% share market and the 65-inch screen has a 36% share market.

Sony India Recorded Revenue of Rs 6,353 crore in 2022-23

In the financial year 2022-23, Sony India recorded a revenue of Rs 6,353 crore, compared to Rs 5,161 crore in the previous year, 2021-22.

Additionally, Sunil Nayyar said, "So we are very hopeful that Diwali should be pretty strong as far as the sales are concerned. Hopefully, we are getting high double digits this time.”

Nayyar also said the company, which is a leader in the premium television segment with around 35 percent overall market share in 55-inch and above screen size, will continue to dominate the segment, he said.

Sony India earns half of its revenue from the television business approximately 20 percent from its imaging division, and the remaining from its audio and other businesses.

India is the fourth largest market of Sony

Notably, India ranks fourth in terms of market size for Sony India. The United States, China, and Japan hold the top three positions for Sony globally.

Nayyar also said, "Now, growth is expected in the top part of the pyramid, which is a mid, high and upper segment, whether it is product based or consumer-based or income level based.”