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Flipkart Losses Widened to Over Rs. 7,800 Crore, Net Income Increased by 20 Percent in FY22

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

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

Flipkart Internet, 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 referred to as Walmart India — reported widening of loss to Rs. 3,413 crore in FY22 from Rs. 2,445.6 crore in FY21.

The online earnings of Flipkart, nonetheless, elevated by shut to twenty p.c 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 line with market analysis agency Redseer, it has been main complete gross sales in India throughout festive season.

In line 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 p.c or Rs. 24,800 crore value of gross merchandise worth from complete gross sales of Rs. 40,000 crore.

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