E-commerce major Flipkart's losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings.
According to filings, the combined loss of both entities stood at Rs 5,352 crore in the financial year 2020-21.
Flipkart Internet, comprising online business-to-consumer platforms, has reported widening of loss to Rs 4,399 crore in FY22 from Rs 2,907 crore in FY21.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
This includes the performance of Flipkart Group firms like Myntra, Instakart etc. The B2B unit, Flipkart India -- earlier called Walmart India -- reported widening of loss to Rs 3,413 crore in FY22 from Rs 2,445.6 crore in FY21.
The net income of Flipkart, however, increased by close to 20 per cent to about Rs 61,836 crore in 2021-22 with Flipkart India contributing Rs 51,176 core and Flipkart Internet registering a revenue of Rs 10,660 crore.
Combined revenue of the e-commerce major in 2020-21 was Rs 51,465 crore with Flipkart India and Flipkart Internet contributing Rs 43,349 crore and Rs 8,116 crore respectively.
Queries sent to Flipkart in this regard did not elicit any reply.
According to market research firm Redseer, it has been leading total sales in India during festive season.
According to the consulting firm report, Flipkart is estimated to have led the first week of festive season sale that was held in the last week of September with the company cornering 62 per cent or Rs 24,800 crore worth of gross merchandise value from total sales of Rs 40,000 crore.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
