Flipkart Group reported an 18.2% jump in consolidated revenue from operations to ₹1.45 Lakh Cr in the fiscal year 2025-26 (FY26), up from ₹1.23 Lakh Cr in the year ago fiscal.
Meanwhile, its consolidated net loss narrowed marginally by 2.1% to ₹8,468 Cr in the fiscal under review from ₹8,646 Cr in FY25.
The numbers reflect the performance of the Flipkart Group as a whole, rather than the standalone financials of the Flipkart ecommerce marketplace. The financial results come after the Walmart-backed ecommerce giant completed its reverse flip from Singapore to India in March 2026.
The restructuring brought the group’s holding structure back to India, ahead of a potential domestic public listing. The consolidated entity includes businesses such as Myntra and Cleartrip, alongside logistics, platform services and other specialised operations.
“As part of its re-domiciliation to India, (the) Flipkart Group is publishing consolidated financial results under Flipkart Internet Private Limited. The results reflect the group’s performance over the reporting period for the year ended March 2026 and provide a historical view of the business rather than a current trading update,” said the ecommerce giant in a blog post.
On the operational front, the company said that its gross margins rose 23% YoY in FY26, while adjusted EBITDA improved by around ₹1,500 Cr during the fiscal. “Adjusted operating margin improved by 230 basis points, from -7.7% to -5.4%, supported by higher gross margins and lower overheads,” added the ecommerce major.
Flipkart also noted its adjusted operating business losses, before finance costs, tax, other income and exceptional items, narrowed by 17%, or around ₹1,600 Cr, during the fiscal under review.
However, this improvement in operating losses translated into only a marginal reduction in net losses. Flipkart attributed the higher net losses to higher finance costs, the derecognition of deferred tax assets recognised in earlier periods and certain exceptional items.
How Did Flipkart’s B2C Arm Perform?
Meanwhile, the ecommerce major’s B2C arm, Flipkart Internet Private Limited, reported a 19.3% YoY decline in revenue from operations to ₹16,295 Cr in FY26 compared with ₹20,202 Cr in the year-ago fiscal.
Including other income of ₹744 Cr (down from ₹947 Cr in FY25), the B2C vertical’s total income stood at ₹17,039 Cr in FY26, 19.4% lower than ₹21,149 Cr in the previous fiscal.
On the expenses front, Flipkart Internet Pvt Ltd’s total expenses fell 3.6% to ₹22,522 Cr from ₹23,361 Cr in FY25.
Overall, the B2C business’ net loss rose to ₹5,498 Cr in FY26 from ₹1,694 Cr a year earlier. Notably, the FY25 figures were restated to account for the business combination.
Where Did Flipkart Group Spend In FY26?
Despite the growing top line and narrowing losses, Flipkart Group’s total expenses rose 16% to ₹1.54 Lakh Cr in FY26 as against ₹1.33 Lakh Cr in the year-ago period.
Purchase Of Traded Goods: This was the biggest cost-centre for the company. Expenses under this head climbed 17.4% YoY to ₹1.17 Lakh Cr in the fiscal under review.
Employee Benefit Expenses: The group’s employee benefit costs remained relatively flat at ₹8,376 Cr compared with ₹8,268 Cr in FY25.
Finance Costs: Expenditure under this bucket nearly doubled to ₹1,209 Cr from ₹649 Cr in FY25.
Logistics & Storage Service Charges: Expenses under this header stood at ₹15,154 Cr in FY26, up 28.9% from ₹11,759 Cr in the year-ago fiscal. The expense accounted for nearly 54% of the group’s total other expenses of ₹28,277 Cr in FY26, highlighting the cost of running its logistics, warehousing and delivery operations.
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