Ericsson India reported a 29% increase in revenue, reaching ₹4,228 crore for the quarter ending March 31, 2026, compared to ₹3,272 crore in the same quarter last year. This growth reflects the company's robust performance in the Indian market, which contributed 8% to its consolidated revenue, up from 7% a year ago. Globally, Ericsson's net sales grew 6% organically to 49.3 billion Swedish Krona (SEK), although reported growth declined by 10% year-on-year due to foreign exchange impacts. CEO Borje Ekholm highlighted that the growth in India was driven by increased deliveries and ongoing 5G rollouts, particularly in the South East Asia, Oceania, and India market areas. Despite these positive results, Ericsson faces challenges from rising semiconductor costs driven by demand in artificial intelligence and geopolitical uncertainties. Ekholm expressed optimism about growth in mission-critical projects and the enterprise segment, even as the radio access network market is expected to remain flat.