Sony India reports 21% growth in FY 2023-24, driven by premiumisation in consumer electronics.

Sony India reported a 21% growth for the fiscal year 2023-24, driven by the trend of premiumisation in consumer electronics. Managing Director Sunil Nayyar noted expected moderation in growth rates due to a high base effect but anticipates high double-digit growth during the festive season. The company leads the premium TV segment with a 35% market share and sees potential for India to become its third-largest market globally in the coming years.

September 30, 2024
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