Myntra Reports Over 1,674% Jump in Net Profit to ₹548.3 Crore in FY25

Myntra, the Flipkart-owned fashion e-commerce marketplace, reported a marked turnaround in FY25, filing consolidated results with the Registrar of Companies (RoC). The company recorded a consolidated net profit of ₹548.3 crore for the year, up from ₹30.9 crore in FY24, with higher revenues and reduced employee costs cited as primary factors.

Strong Profit Growth in FY25

The consolidated net profit for FY25 stood at ₹548.3 crore, a year-on-year increase of more than 1,674% from ₹30.9 crore in FY24, according to RoC filings. The company attributed the improvement to higher top-line growth and tighter control over certain expense lines, notably employee benefit expenses.

Revenue Performance

Myntra’s consolidated revenue from operations rose 18% year-on-year to ₹6,042.7 crore in FY25, from ₹5,121.8 crore in FY24. The company earns revenue from logistics services, its marketplace operations and advertising services. Other income, largely comprising royalties, increased 81% to ₹94.3 crore from ₹51.9 crore in the prior year.

Expense Management

Total costs for FY25 were reported at ₹5,723.7 crore, up 11% from ₹5,123 crore in FY24. Direct expenses, which include logistics, procurement and platform operations, rose 7% to ₹2,139.4 crore from ₹1,996.4 crore. Other expenses, covering advertising, technology infrastructure and administrative costs, increased to ₹2,710.1 crore from ₹2,234 crore. Employee benefit expenses fell 7% to ₹748.8 crore from ₹800 crore. Finance costs rose 66% to ₹99.8 crore, while depreciation and amortisation declined 19% to ₹25.6 crore.

Read More: Flipkart Leadership Meets FM Sitharaman Amid India Realignment and Festive Growth Strategy

Capital Infusion and Funding

The FY25 results follow capital support from Flipkart group entities. In May 2025, Myntra received a $125 million equity infusion from its Singapore-based parent, FK Myntra Holdings. Flipkart Internet, the marketplace arm, also raised ₹2,225 crore (about $262 million) from its Singapore parent in May 2025, part of a series of internal funding rounds that included ₹3,250 crore in April 2025, ₹1,421 crore in April 2024 and ₹950 crore in March 2024.

Conclusion

Myntra reported consolidated net profit of ₹548.3 crore in FY25 and consolidated revenue of ₹6,042.7 crore, with costs rising in several categories but employee expenses declining. The results coincide with multiple capital infusions from parent entities as Flipkart and Walmart continue to fund expansion in the fashion commerce segment.

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