Myntra Designs revenue up 58% to Rs 1,719 crore, losses increase by 38%

With a view to have its presence outside India and to explore business opportunities abroad, the company had strategically invested in Myntra Inc., USA.

Walmart-owned online fashion retailer Myntra Designs Private Limited reported its revenues for the financial year 2019-20 as Rs 1,719 crore, a 58 per cent jump since the last financial year. The company further reported a net loss of Rs 744 crore during the same fiscal. This is a 38 per cent increase from the last financial year, showed regulatory documents sourced from business intelligence platform Tofler. The company’s total expenses for the fiscal were reported as Rs 2,463 crore.

The revenue of the firm is mainly generated from services related to marketplace, logistics and consultancy to various brands. However, the