Sony India is confident of crossing the Rs 10,000 crore revenue mark in the next two to three years, buoyed by strong momentum in its audio, imaging and PlayStation businesses even as it navigated a challenging FY25, said managing director Sunil Nayyar.
“Overall, we are looking to garner revenues to the tune of Rs 10,000 crore in the next 2-3 years. Despite a tough year for the industry, as a company we grew in FY25 with nearly double digit growth,” Nayyar told Moneycontrol.
The company closed FY24 with revenues of Rs 7,664 crore, recording a 20.6 percent on-year growth despite macroeconomic uncertainty. “This year with the launch of new products we are expecting to see stronger growth,” he added.
The Japanese firm expects double-digit growth to continue in FY26, driven by festive season demand, new product launches and increasing consumer appetite for premium offerings. Nayyar noted growing traction in larger television sizes.
“The television industry is witnessing an overall shift in consumer preferences in the country. While the 32 inches sub-segment is shrinking, 44 inches is stable. There is strong growth visible in 55 inches and above sizes over the past three years. In fact, 75 inches and above sizes are growing at a faster pace,” he explained.
He acknowledged supply chain challenges, including a shortage of rare earth magnets used in speakers, which has impacted the TV segment. However, he clarified that the company is managing the situation internally and has no plans to increase prices.
Sony’s PlayStation business in India has quadrupled over the past three years, while its imaging and medical equipment segments are gaining ground. India is currently Sony’s fourth-largest market globally, and the company is working to break into the top three.
Television sets continue to be manufactured locally through an OEM partner in Sriperumbudur, Tamil Nadu. Nayyar said Sony plans to boost local value addition and may consider expanding manufacturing under the government’s electronics initiatives.
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