Amber Enterprises is entering smartphone manufacturing through Oppo, betting on localization and scale. But weak margins, slowing customer volumes and fierce competition pose challenges.
Proving Amber’s track record in building adjacent businesses, its electronics segment grew 49% to ₹3,300 crore in FY26, aided by acquisitions. It is expected to grow 40% in FY27 with Ebitda margin expanding to 9.5-10%. Consolidated FY26 revenue stood at ₹12,200 crore, with Ebitda margins stable at 7.8%
