Flipkart India reported a consolidated loss of ₹5,189 crore in the financial year 2024-25, while its operating revenue increased to ₹82,787.3 crore. Financial expenses saw a 57% rise. In contrast, Myntra, acquired by Flipkart, saw its profit surge multifold to ₹548.3 crore.
Flipkart: Flipkart India Private Limited, owned by American retail giant Walmart, registered a consolidated loss of ₹5,189 crore in the financial year 2024-25, an increase from the ₹4,248.3 crore loss in the previous year. The company's operating revenue stood at ₹82,787.3 crore, while its financial expenses grew by 57%. Conversely, Flipkart's acquired fashion platform, Myntra, experienced a multifold increase in its consolidated profit, reaching ₹548.3 crore, with its operating revenue at ₹6,042.7 crore.
Increase in Operating Revenue
However, Flipkart's operating revenue saw a 17.3 percent increase in the financial year 2024-25. In the financial year 2023-24, the company's operating revenue was ₹70,541.9 crore, which rose to ₹82,787.3 crore in 2024-25. During this period, Flipkart's total expenses also increased by 17.4 percent, reaching a total expenditure of ₹88,121.4 crore.
Significant Rise in Financial Expenses
Flipkart's financial expenses have also seen a substantial increase. In the financial year 2024-25, it rose by 57 percent to approximately ₹454 crore. Experts suggest that the primary reasons for this surge could be escalating operational costs and increased investments.
Preparations for Big Billion Days Sale
Flipkart has also announced this year's Big Billion Days sale. This sale, aimed at festive shopping during Diwali, will commence on September 23, 2025. Meanwhile, for Plus and Black members, this special sale will begin earlier, on September 22. Flipkart's preparations for this event have garnered significant attention from both customers and investors.
Myntra's Profit Sees Multifold Growth
In contrast to Flipkart's losses, its acquired fashion and lifestyle platform, Myntra Designs Private Limited, has witnessed a multifold increase in its profit. In the financial year ending March 2025, Myntra recorded a consolidated profit of ₹548.3 crore, a significant jump from the mere ₹30.9 crore in the previous financial year.
Myntra's Operating Revenue
According to data from Tofler, Myntra's operating revenue was ₹5121.8 crore in the financial year 2023-24, which grew to ₹6042.7 crore in the financial year 2024-25. Myntra's growth demonstrates that profitable models can be achieved in the fashion and lifestyle e-commerce sector.
Flipkart Acquired Myntra in 2014
Flipkart acquired Myntra in 2014 for $300 million. Since then, Myntra has become an integral part of the company, strengthening Flipkart's presence in the fashion and lifestyle business. Myntra's increasing profitability signals that a successful and profitable model can be built with the right management and investments.
