Flipkart FY22 losses widened to over Rs 7,800 crore

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

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Based on the performance of its business-to-business branch Flipkart India and B2C e-commerce unit Flipkart Internet, e-commerce giant Flipkart’s losses increased to nearly Rs 7,800 crore in the financial year 2021–22, according to regulatory filings.

According to records, the cumulative loss of both entities for the fiscal year 2020–21 was Rs 5,352 crore.

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

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

However, Flipkart’s net income climbed by over 20% to around Rs 61,836 crore in 2021–2022 with contributions from Flipkart India of Rs 51,176 core and Flipkart Internet of Rs 10,660 crore.

The largest e-commerce company generated Rs 51,465 crore in combined income in 2020–21, with contributions from Flipkart India and Flipkart Internet of Rs 43,349 crore and Rs 8,116 crore, respectively.

A question regarding this was made to Flipkart, but there was no response.

Redseer, a market research company, reports that it has led all sales in India over the holiday season.

Flipkart is thought to have led the first week of the holiday season sale, which was held in the last week of September, cornering 62% of the market or Rs 24,800 crore in gross product value out of total sales of Rs 40,000 crore.