Walmart-owned e-commerce major Flipkart India’s net loss widened 24% year-on-year to Rs 5,189 crore in the financial year 2024-25, as expenses rose as quickly as revenue, and the share of loss from its associate companies increased.
According to financial statements sourced from business intelligence platform Tofler, revenue from operations rose 17% year-on-year to Rs 82,787 crore, while total expenses grew similarly to Rs 88,121 crore.
The company’s share of loss from its 6 associate companies and joint venture rose to Rs 172 crore in FY25 from Rs 54 crore a year ago.
Expenses and cost controls
Among its expenses, material costs, finance costs, and other expenses rose from the preceding financial year, while employee-related costs fell 31% to Rs 469.8 crore.
Flipkart had reportedly laid off nearly 1,000 employees, or 5% of its workforce, early last year, as part of its annual performance review exercise.
Separately, Flipkart Internet, its marketplace arm, reported a narrower net loss of Rs 1,494.2 crore in FY25, compared to Rs 2,358.7 crore a year ago. Revenue from operations rose 14% year-on-year to Rs 20,493.3 crore.
Marketplace and funding momentum
Among the multiple entities through which Flipkart operates in India, revenue in Flipkart’s marketplace arm primarily includes seller commissions, advertising, and other seller fees. The primary holding company is Flipkart Marketplace Private Limited, based in Singapore.
During FY25, revenue from marketplace services more than doubled to Rs 7,750.6 crore in FY25, while that from its advertising services grew 27% year-on-year to Rs 6,317 crore. Revenue from storage services jumped 55% to Rs 268.2 crore, but that from its logistics services fell to Rs 4,224.5 crore in FY25 from Rs 6,837.6 crore a year earlier.
Flipkart Internet also recently raised internal funding of Rs 2,225 crore from its Singapore-based parent entity. The funding came just two months after a previous infusion of Rs 3,200 crore, signalling continued confidence in Flipkart’s growth prospects ahead of a planned public listing.