Samsung India Electronics Revenue Highlights 2021
In the financial year 2021, the operation revenue of Samsung India Electronics surged by 0.50% to Rs. 75,886 crores. Officials of the SI said as lockdown did not impact the business of SI. As of expert analysis, the smartphone company faces demand for its devices and appliances for the further period of the year.
According to the source, In 2020-2021, Samsung India Electronics beats Maruti Suzuki India as the most extensive consumer-facing conglomerate company in the country. Moreover, compared to the Smartphone business majority of other business companies and sectors faced lockdown demand along with Maruti company.
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On the other hand, Maruti Suzuki’s revenue slipped by 7% at Rs. 70,333 crores. Moreover, the firm’s domestic sales volume was lowered by 6.80%. On the other hand, exports remains slipped over 5.90% against the previous year’s sales.
Samsung India and Maruti Suzuki India’s sales cleft has narrowed in the last few years. It prevails about Rs 200 crores in 2019-20. Consumers who bought large screen television sets to fulfill their entertainment needs and larger capacity appliances contributed to this process. Due to the pandemic, many people worked at home and attended school from home.