Flipkart Internet reports Rs 20,493 crore revenue in FY25; cuts losses to Rs 1,494 crore

Bengaluru-based Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has crossed the Rs 20,000 crore revenue mark, reporting a 14% rise in operating income and a significant reduction in losses for the fiscal year ending March 2025 (FY25).

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According to filings with the Registrar of Companies, revenue from operations increased to Rs 20,493 crore in FY25 from Rs 17,907 crore a year earlier. Including other income of Rs 314 crore, total revenue stood at Rs 20,807 crore.

Net losses declined 37% to Rs 1,494 crore, compared with Rs 2,359 crore in FY24, while EBITDA losses narrowed to Rs 1,078 crore from Rs 1,869 crore. The EBITDA margin improved to –5.18% from –10.25% a year earlier.

Marketplace services emerged as the primary growth driver, with income more than doubling to Rs 7,751 crore in FY25 from Rs 3,734 crore a year earlier, contributing 38% to the topline. Advertising income rose 27% to Rs 6,317 crore, making up 31% of revenue.

By contrast, logistics income fell 38% to Rs 4,224 crore, reducing its share to 21%. Income from collection services also dropped to Rs 1,070 crore from Rs 1,225.8 crore.

On the expense side, total costs grew 8% to Rs 22,311 crore. Logistics service charges remained the largest cost head at Rs 7,144 crore, up 9%, driven largely by payments to group entities such as Instakart Services and delivery partners, including Shadowfax. Employee benefit expenses fell 8% to Rs 4,748 crore, while marketing and promotion costs surged nearly 37% to Rs 4,100 crore.

Flipkart Internet’s improved financial performance comes as the company intensifies efforts to diversify revenue and defend market share in India’s fast-evolving e-commerce sector. It recently launched Flipkart Black, a paid subscription program intended to rival Amazon Prime, and acquired a majority stake in digital media platform Pinkvilla India.

The company is also investing in AI-driven personalisation, creator-led commerce through its new “Creator Cities” studio initiative, and expanded credit offerings.

At the same time, Flipkart is facing rising competition in the quick-commerce space. Its 10-minute delivery venture, Flipkart Minutes, has scaled to 400 dark stores with plans to reach 800 by year-end.