Sony India posts 32 per cent rise in profit to Rs 136.7 crore in FY23

Sony India, a wholly owned subsidiary of Japan’s tech major Sony Corporation, had logged a profit of Rs 103.71 crore for the financial year that ended on March 31, 2022, while its revenue from operations stood at Rs 5,161.23 crore.

Commenting on the performance, Sony India Managing Director Sunil Nayyar told PTI, “This is led by premiumisation” in its offerings. “Now FY24 is also looking very promising and we are looking forward to 15-20 per cent value growth and profitability is also going to be good,” he said, adding the premium TV sets over 55 inches and above would be the “growth drivers”.