Swedish telecom gear maker Ericsson reported a 29% year-on-year growth in India revenue to ₹4,228 crore for the January–March 2026 quarter, driven by higher network deployments and 5G rollouts.
The company had posted revenue of around ₹3,272 crore in the same quarter last year on a comparable currency basis.
India continues to be a key market for Ericsson, contributing 8% to its consolidated revenue in the March quarter, up from 7% a year ago, making it the company’s second largest market globally.
Globally, Ericsson reported organic net sales growth of 6% to 49.3 billion Swedish Krona (SEK). However, reported growth declined 10% year-on-year due to foreign exchange impacts.
According to CEO Borje Ekholm, the company delivered resilient performance amid a dynamic macro environment, supported by strong demand across regions.
Ericsson attributed growth across Europe, the Middle East, and Africa to network modernisation and 5G rollouts, with India emerging as a major contributor to higher deliveries during the quarter.
The company noted that sales in Southeast Asia, Oceania, and India increased primarily due to stronger execution in India, while North East Asia growth was driven by project timelines in Japan.
However, Ericsson flagged challenges from rising semiconductor costs, partly driven by increasing demand for artificial intelligence infrastructure, along with broader geopolitical uncertainties.
Despite this, the company expects stable demand in the radio access network (RAN) segment, while enterprise and mission-critical network projects are likely to grow at a faster pace.
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