Myntra slips into the red in FY26, revenue declines 14%
Myntra's downturn marks a significant reversal from its previous year's profit of Rs 548.5 crore. The 14% revenue decline was largely driven by reduced logistics and shipping service revenues. Flipkart parent company also reported heavy consolidated losses of Rs 8,468 crore on Rs 1.45 lakh crore operating revenue for FY26. The restructuring earlier this year brought Myntra, eKart logistics, and other Flipkart subsidiaries back under a single India-domiciled entity after relocation from Singapore.
Key points
- Myntra swung to Rs 579.4 crore loss from Rs 548.5 crore profit in prior year
- Revenue fell 14% mainly due to logistics service declines
- Part of Flipkart's FY26 consolidated loss of Rs 8,468 crore
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. MediaNama did the reporting; read the original for the full story.
Read the full story at MediaNama
