Flipkart group entities reduced losses in the 2024-25 financial year as the company prepares for an IPO in 2026.

Flipkart, an India-based ecommerce marketplace owned by Walmart, narrowed losses at core marketplace Flipkart Internet, logistics arm Ekart, and travel portal Cleartrip by 12-36% year-on-year, according to filings with the Registrar of Companies.

Flipkart Internet recorded revenue rise 14% to 20,493 crore rupee (US$2.3 billion), while net loss dropped 37% to 1,494 crore rupee (US$168.35 million), as revenue growth slowed compared to the previous year.

Cleartrip’s revenue rose 69% to 169 crore rupee (US$19.04 million), with net losses dropping 20% to 651 crore rupee (US$73.36 million), though high expenses persisted.

Ekart posted a 13% revenue increase and cut losses by 12%, with most revenue from Flipkart Internet.

Myntra, Flipkart’s fashion and beauty platform, reported a net profit of 548 crore rupee (US$61.74 million), up sharply from 31 crore rupee (US$3.5 million) a year earlier, and revenue rose 18% to 6,043 crore rupee (US$680.85 million).

🔗 Source: The Economic Times

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