Karbonn Mobiles sees $1.3 billion revenue in FY15

Karbonn Mobiles, India's No.3 smartphone brand, expects its revenue to rise more than 60 percent to 80 billion rupees in the fiscal year ending March 2015, as sales from smartphones surge in the world's second-biggest wireless market by number of users.

The unlisted New Delhi-based company will likely close the current fiscal year with about 49 billion rupees in revenue, Managing Director Pardeep Jain said on Wednesday. He expects higher proportion of smartphones in total sales to fuel growth for the next fiscal year.

Basic and feature phones still account for more than three quarters of total handset sales in India. But smartphone sales are growing at a much faster pace, with the market flooded by low-cost phone models mainly from a host of local Indian brands including Micromax and Karbonn.

Smartphone sales in India nearly tripled to more than 44 million in 2013, according to data from IDC, whereas the overall handsets market grew 18 percent to 257 million. Samsung Electronics is the leader in India's smartphone market, followed by Micromax and Karbonn.

Karbonn on Wednesday unveiled three new smartphones powered by hexa-core and octa-core processors from Taiwanese chipmaker MediaTek. Karbonn, which last month signed a pact with Microsoft to make phones running on the Windows phone software, will launch two Windows phone models in May, Jain said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • The govt needs to spend its cash without being frugal or wasteful

    Increased government spending can provide a temporary stimulus to demand and output. This is Economics 101.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Roopen Roy

Livability as a competitive advantage

Some CEOs and policymakers argue forcefully that distance is of ...

Rajgopal Nidamboor

The submarine element of your mind

We are all aware of the power of our will ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture