Higher costs and royalties weigh on earnings despite modest topline growth
Consumer electronics maker Sony India posted a marginal rise in revenue in FY25 but saw its profit decline, with revenue from operations increasing 2.44 per cent to Rs 851.08 crore, while total profit fell nearly 6 per cent to Rs 157.03 crore, according to a regulatory filing.
Including other income, Sony India’s total income increased 2.45 per cent to Rs 7,917.54 crore in FY25, as per financial data accessed through business intelligence platform Tofler.
The company, a wholly owned subsidiary of Japan’s Sony Corporation, had reported a net profit of Rs 166.99 crore and revenue from operations of Rs 7,663.74 crore in the previous financial year. India is currently Sony’s fourth-largest market globally after the US, China and Japan, and the company has said it aims to become the third-largest market within the next few years.
Sony India’s advertising and promotional expenditure rose 2.61 per cent to Rs 183.71 crore during the year, compared with Rs 179.02 crore in FY24. Royalties paid to its parent company increased 6.78 per cent to Rs 276.66 crore, while total tax expense declined 4 per cent to Rs 55.93 crore.
Overall expenses climbed 2.7 per cent to Rs 7,704.58 crore in FY25.
Revenue from Sony India’s core segment, Consumer Audio and Visuals, increased 3.63 per cent to Rs 6,528.99 crore during the year, up from Rs 6,300.20 crore a year earlier. Revenue from external customers stood at Rs 1,322.09 crore.
Sony India’s revenue had declined in earlier years following its parent’s exit from the mobile phone and laptop businesses. At its peak, the company reported revenue of over Rs 11,000 crore in FY15. However, from FY22 onwards, revenue has stabilised, with the company returning to steady growth.
