Flipkart Revenues

E-commerce major Flipkart narrows loss to Rs 4,248 crore in FY24

E-commerce major Flipkart has reported narrowing of consolidated net loss to Rs 4,248.3 crore in 2023-24 helped by increase in its revenue, according to a regulatory filing report shared by Tofler on Monday. The company posted a consolidated net loss of Rs 4,897 crore in the financial year (FY) 2022-23. The company's expenses on purchase of stock in trade increased by about 24 per cent to Rs 74,271.2 crore in FY 2024 from Rs 59,816.6 crore in FY 2023. According to the Tofler report, Flipkart's return on equity dropped to the lowest level in the last five years to negative 49.6 per cent. The return on capital employed for the company was also the lowest at negative 54.09 per cent in the last five fiscal years. The consolidated revenue of the Walmart Group firm increased by about 26 per cent to Rs 70,541.90 crore in FY 2024 from Rs 55,823.9 crore in FY 2023. An email query sent to Flipkart elicited no immediate reply.

Exploring the opportunity of quick-commerce: Flipkart V-P Hari Kumar

Kumar said that the company is deepening the reach of its grocery services in metros and expanding in tier-2+ towns across Bharat

E-commerce majors Amazon, Flipkart flouted antitrust laws: CCI probe

Competition regulator to soon share report with firms

Flipkart Internet's operating revenue jumps 42% in FY23, loss declines 9%

Total expenses grew 26 per cent to Rs 19,043 crore in FY23

India's e-retail market estimated to reach over $160 bn by 2028: Report

The market has experienced strong growth post-pandemic, with an estimated value of $57-$60 billion in 2023, according to the report

E-commerce firm Flipkart loss widens 45% to Rs 4,891 crore in FY23

The company's total expenses for the fiscal were reported as Rs 60,858 crore, an increase of 11.5 per cent from Rs 54,580 crore in the last fiscal

Flipkart appoints Microsoft's Keshav Dhakad as senior V-P, general counsel

Dhakad has moved out of Microsoft after spending 15 years with the tech giant in various roles

Flipkart Big Billion Days Sale 2023: Best deals, offers on Mobiles and More

The Flipkart Big Billion Days Sale is famous among smartphone purchasers who wish to purchase flagship iPhone models. Flipkart Plus members will get early access to the sale

Flipkart India FY22 revenue at Rs 51,176 cr, loss widens 39% to Rs 3,404 cr

The B2B arm of Walmart-owned e-commerce firm Flipkart reported expenses of Rs 54,580 crore, up about 19% over the previous year

Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses

The firm spent more on delivering orders as well as on ads and promotions; revenue up 31% to Rs 10,659 cr

Flipkart Pay Later doubles its user base to over 6 mn in just 7 months

Flipkart Pay Later now provides customers credit up to Rs 1 lakh, depending on the customer's credit profile

Flipkart Internet revenue up 32% to Rs 6,318 cr; losses increase 19%

The revenue of the company is mainly generated from e-commerce, information technology-enabled services, marketplace and related support service

Flipkart arm posts 19% growth in revenue

The marketplace arm of India's leading e-tail firm reports revenues of Rs 15,264 cr for FY17