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HomeMarketResultsFlipkart FY22 losses widen to over Rs 7,800 cr; net income rises...

Flipkart FY22 losses widen to over Rs 7,800 cr; net income rises by 20%

E-commerce main Flipkart’s losses widened to over Rs 7,800 crore within the monetary 12 months 2021-22 primarily based on efficiency of its business-to-business unit India and B2C e-commerce unit Web, in accordance with regulatory filings.

In keeping with filings, the mixed lack of each entities stood at Rs 5,352 crore within the monetary 12 months 2020-21.

Web, comprising on-line business-to-consumer platforms, has reported widening of loss to Rs 4,399 crore in FY22 from Rs 2,907 crore in FY21.

This consists of the efficiency of Fipkart Group corporations like Myntra, Instakart and so on. The B2b unit, Flipkart India — earlier known as Walmart India — reported widening of loss to Rs 3,413 crore in FY22 from Rs 2,445.6 crore in FY21.

The web revenue of Flipkart, nevertheless, elevated by shut to twenty per cent to about Rs 61,836 crore in 2021-22 with Flipkart India contributing Rs 51,176 core and Flipkart Web registering a income of Rs 10,660 crore.

Mixed income of the e-commerce main in 2020-21 was Rs 51,465 crore with Flipkart India and Flipkart Web contributing Rs 43,349 crore and Rs 8,116 crore respectively.

Question despatched to Flipkart on this regard didn’t elicit any reply.

In keeping with market analysis agency Redseer, it has been main whole gross sales in India throughout festive season.

In keeping with the consulting agency report, Flipkart is estimated to have led the primary week of festive season sale that was held within the final week of September with the corporate cornering 62 per cent or Rs 24,800 crore price of gross merchandise worth from whole gross sales of Rs 40,000 crore.

(Solely the headline and film of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

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