Oppo, Vivo Sales Jump 67 Percent In FY19

Chinese smartphone makers, Oppo and Vivo continued their scorching pace of growth in the Indian market in FY19, with both the brands together pushing parent BBK Electronics Corp’s India revenue near the Rs 40,000 crore milestone in their fifth year of operation.

As per latest filings made by Oppo and Vivo, the combined sales of these two brands grew by 67% to Rs 38,726 crore in the fiscal ending March 2019 on a relatively higher base.

On a standalone basis, Oppo’s sales went up by 80% at Rs 21,524.6 crore, while Vivo grew by 54% at Rs 17,201.79 crore in 2018-19. BBK Electronics also owns OnePlus and Realme smartphone brands whose India sales for FY19 are still not available. In 2017-18, their combined revenue was Rs 23,148 crore whereby BBK Electronics had become the second largest smartphone maker in India marginally ahead of ace rival Xiaomi which was at Rs 23,060 crore.

However, BBK Electronics is still not making money in India with both Oppo and Vivo yet to breakeven. As per the filings, combined losses of Oppo and Vivo went up in FY19 by 47% to Rs 707 crore.―India Finance News