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

The company generated revenue from various sources, such as marketplace, collection, logistics, storage, and advertisements

flipkart, e-commerce
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Flipkart recently said it achieved a significant milestone of over 1 billion customer visits on its platform during the e-commerce firm’s 8-day-long festive sale event The Big Billion Days

Peerzada Abrar Bengaluru
Flipkart Internet Private Limited, the marketplace arm of the Walmart-owned e-commerce giant, posted a 31 per cent year-on-year jump in its revenue to Rs 10,659 crore for the financial year 2021-22 (FY22), even as its net loss widened 51 per cent to Rs 4,362 crore in this period, according to regulatory documents sourced from business intelligence platform Tofler.

The company’s total expenses for FY22 stood at Rs 15,020 crore, about 36 per cent higher than the previous year, mainly due to expenses related to order deliveries, advertisements and promotions, and employee benefits.

Flipkart Internet spent Rs 5,045 crore on logistics services, 46

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First Published: Oct 28 2022 | 6:32 PM IST

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