India, April 17 -- Ericsson reported a mixed set of results for the first quarter of 2026, with India emerging as a key growth market even as overall financial performance was affected by currency pressures and restructuring costs.

The company's net sales declined 10% year-on-year to SEK 49.3 billion. However, on an organic basis, excluding currency impact and portfolio changes, sales grew by 6%, supported by demand across regions.

India played a central role in this growth. In the South East Asia, Oceania and India market area, sales increased by 12%  year-on-year on a comparable basis. The rise was mainly driven by higher deliveries in India, reflecting continued network expansion activity. During the quarter, India accounted for...