Regulatory filings indicate that the video-streaming giant’s total income in the country surged 8X in 2018-19 to reach Rs 470 crore, up from Rs 58 crore the year ago.
Net profits increased to Rs 5.15 crore from a mere Rs 20 lakh in 2017-18 – more than a 25X rise.
Netflix’s pricing innovations and increased focus on local Indian content are being seen as major growth drivers.
The second season of Netflix’s first-ever Indian original (Sacred Games) came out in 2019.
The Netflix India team is also expanding, with the company incurring “personnel expenses” of Rs 53.1 crore in 2018-19, as per RoC data.

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