Panasonic Life Solutions India, the local arm of Japan’s electronics giant, has wrapped up the financial year with impressive numbers and ambitious plans. Revenue for FY25 came close to the Rs 11,500 crore mark, while net profit surged over Rs 1,100 crore, reflecting a 41% jump from the previous year.
Chairman and Managing Director Manish Sharma confirmed the figures, noting that while the final numbers are still being firmed up, the company has clearly crossed a significant financial milestone.
At the heart of this strong performance were categories like air conditioners, electrical devices, and smart factory solutions — all of which Sharma described as “growth engines” for the business. In fact, Panasonic’s B2B vertical accounted for 50% of total revenue, while consumer products made up 30%, showing a balanced approach to both ends of the market.
Looking ahead to FY26, Sharma says the company is targeting double-digit growth once again, and plans to stick to what’s worked — while dialing up investment in both tech innovation and product expansion.
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“We’ll continue building around room air conditioners, smart factory offerings, and devices,” said Sharma. “But we’re also seeing growing momentum in industrial-grade compressors, electromechanical products, and automation tools — especially in the B2B space.”
The consumer segment, however, could play a larger role in the coming year, driven largely by India’s rising demand for cooling products as summer temperatures climb and the middle class looks for more energy-efficient options.
Smart factory solutions, too, are expected to see tailwinds, as Indian manufacturing ramps up automation to stay globally competitive.
India now sits among Panasonic’s top three markets globally, and Sharma says the company is actively working on a broader portfolio of high-tech, India-relevant solutions, including those not yet launched.
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He credits the shift in strategy to the changing behavior of Indian buyers. “Today’s Indian consumer is sharp, aware, and expects more,” he said. “This is not the same market as it was ten years ago. We’re undergoing a transformation — and the consumer is at the heart of it.”
