Flipkart’s loss in FY22 widens by 46% to over 7,800 cr.

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New Delhi: Flipkart’s loss for the financial year 2021-22 widened by nearly 46 percent to over Rs 7,800 crore. Officials said this loss figure reflects the combined performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet.

In the financial year 2020-21, both the companies collectively lost Rs 5,352 crore.

The loss reported by Flipkart Internet, which includes online business-to-consumer platforms, widened to Rs 4,399 crore in FY22 from Rs 2,907 crore in FY21.

This also applies to the operations of Fipkart group companies like Myntra, Instacart etc. The B2B division, Flipkart India (formerly Walmart India), posted a wider loss in FY22 to Rs 3,413 crore from Rs 2,445.6 crore in FY21.

However, Flipkart’s net income rose about 20 percent to around Rs 61,836 crore in 2021-22, with Flipkart India contributing a core of Rs 51,176 crore and Flipkart Internet contributing Rs 10,660 crore.

The largest e-commerce company generated a total revenue of Rs 51,465 crore in 2020-21, with Flipkart India and Flipkart Internet contributing Rs 43,349 crore and Rs 8,116 crore respectively.

Market research company Redseer reports that it led all sales in India during the holiday season.

Flipkart is believed to have taken the lead in the first week of the holiday shopping season, which took place in the last week of September, according to a report by a consulting firm. The company is said to have seized 62 per cent of the total value of the goods from sales of Rs 40,000, or Rs 24,800.



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