Flipkart FY23 Loss Surges 42% To Rs 4,846 Cr

HomeBusinessFlipkart FY23 Loss Surges 42% To Rs 4,846 Cr

Published on

October 23, 2023

Flipkart India, the B2B arm of Flipkart, reported a standalone net loss of INR 4,845.7 crore in FY23, a 42% increase from the previous fiscal year.
Operating revenue for Flipkart India increased by 9.7% to INR 55,923.9 crore in FY23.
Total expenses for Flipkart India rose by 11.5% to INR 60,858.5 crore, compared to INR 54,580 crore in FY22.
Flipkart India sells goods to online sellers who then offer these products on Flipkart’s online marketplace, Flipkart Internet.
The increase in net loss is attributed to higher expenses and relatively muted income growth for Flipkart India.