IPO Bound Flipkart’s FY26 Revenue Rises 18%; Losses Narrows

Flipkart Group reported revenue from operations of ₹1,45,880 crore for FY26, up 18% from the previous year, as per news reports. Its consolidated net loss narrowed to ₹8,468 crore from ₹8,646 crore, according to filings by Flipkart Internet Private Limited. 

Advertising Revenue Grows as Costs Rise 

The group's advertising business grew 31%, while gross margin increased 23%. Total expenses rose 16% to ₹1,54,781 crore.  

Finance costs jumped 86% to ₹1,209 crore, and borrowings more than doubled to ₹13,708 crore. Cash used in operations reached ₹6,525 crore, and the group raised no fresh equity during the year. 

Myntra Reports a Loss 

Myntra's revenue excluding logistics and shipping services increased 12% to ₹4,123.3 crore. Advertising revenue rose 35.2% to ₹1,236.4 crore, but total operating revenue fell 13.5% to ₹5,242.5 crore as logistics and shipping revenue declined. Myntra reported a net loss of ₹579.4 crore against a profit of ₹548.5 crore a year earlier, including a ₹137.5 crore deferred tax asset write-off. 

Flipkart Minutes and IPO Plans 

Flipkart Minutes has nearly 1,200 micro-fulfilment centres across more than 150 cities and plans to reach around 1,500 by year-end. 

Launched in August 2024, the service quadrupled its business over the past year. The group is also preparing for a possible stock-market listing after moving its domicile from Singapore to India. 

Read More: Leela Palaces Share Price in Focus After Q2 FY27 Earnings Results; Q2 Profit Rises 27%!  

Conclusion 

Flipkart's adjusted operating performance improved in FY26, but higher financing costs and Myntra's losses remained key parts of its financial results. 

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