Flipkart Internet Private Limited, the marketplace arm of e-commerce major Flipkart, reported a consolidated net loss of Rs 1,494.2 crore in FY25, narrowing from Rs 2,358.7 crore in FY24, according to financial data sourced from business intelligence platform Tofler.
The company cut its losses by nearly 36.7 percent year-on-year, aided by a sharp rise in revenues and operating leverage across its marketplace and advertising businesses.
The e-commerce major’s total income rose 14 percent to Rs 20,807.4 crore in FY25, compared to Rs 18,241.6 crore in FY24. Revenue from operations climbed 14.4 percent to Rs 20,493.3 crore from Rs 17,907.3 crore a year earlier, while other income slipped marginally to Rs 314.1 crore from Rs 334.3 crore.
Within its operating income, Flipkart Internet saw significant growth in marketplace and advertising services, which now make up the bulk of the business. Marketplace services more than doubled to Rs 7,750.6 crore in FY25 from Rs 3,734.2 crore in FY24, while advertising services grew 27 percent to Rs 6,317 crore from Rs 4,972.6 crore.
Storage services also rose to Rs 268.2 crore from Rs 172.1 crore, and other operating revenue increased slightly to Rs 862.6 crore from Rs 836.2 crore. In contrast, logistics services fell sharply to Rs 4,224.5 crore in FY25 from Rs 6,837.6 crore a year earlier, and collection services declined to Rs 1,070.4 crore from Rs 1,354.6 crore.
The shift highlights the platform’s greater reliance on higher-margin marketplace and advertising income, which together contributed over two-thirds of operational revenues in FY25, up from about half in the previous year.
Expenses grew at a slower pace than revenues. Total costs rose 8.1 percent to Rs 22,310.7 crore in FY25 from Rs 20,627.4 crore in FY24. Employee benefit expenses fell to Rs 4,748.4 crore from Rs 5,177.8 crore, while finance costs eased to Rs 161.7 crore from Rs 174.8 crore.
Depreciation and amortisation also declined to Rs 256 crore from Rs 316.7 crore. Other expenses, however, rose to Rs 17,144.6 crore from Rs 14,981.7 crore, reflecting continued spending on technology, logistics, and customer acquisition.
The narrowing of losses comes as parent Walmart continues to back Flipkart with fresh capital. In May 2025, Flipkart Internet raised Rs 2,225 crore ($262 million) from its Singapore-based parent, marking its fourth internal funding round in just over a year. Previous rounds included Rs 3,250 crore in April 2025, Rs 1,421 crore in April 2024 and Rs 950 crore in March 2024.
The stronger showing at Flipkart Internet comes alongside a turnaround at group company Myntra, which reported a net profit of Rs 548.3 crore in FY25 compared to Rs 30.9 crore in FY24, while revenues grew nearly 18 percent to Rs 6,042.7 crore.
Together, the results suggest that the Flipkart group is building momentum by leaning more heavily on marketplace and advertising services to improve profitability, even as it faces stiff competition from in India’s rapidly growin e-commerce sector.
Looking ahead, the company’s performance will be tested during the festive season, when Flipkart hosts its flagship Big Billion Days sale. Analysts expect the event to drive record gross merchandise value as consumers return to discretionary spending, making it a critical period for Flipkart to sustain growth while keeping costs in check.
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