InvestorQ : Can you tell me about sales and profit numbers reported by Flipkart?
Angel dcosta made post

Can you tell me about sales and profit numbers reported by Flipkart?

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Juvina Maggie answered.
4 months ago
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For the financial year FY21, Flipkart India reported 25% growth in top line revenues at Rs.43,357 crore. However, the net loss for the year continued to remain fairly high at Rs.2,445 crore. Apart from the losses reported by Flipkart India, it had also reported an additional net loss of Rs.2,881 crore under Flipkart Internet.

Flipkart is slugging it out in a fierce battle for online market share with Amazon and Reliance JioMart. With the backing of Wal-Mart, Flipkart has deep pockets to counter the money splurge in the online retail space. Flipkart was a big beneficiary of the festive season when it saw its gross merchandise value (GMV) grow by 23% yoy in the current year.

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