Myntra Slips Into The Red In FY26, Reports ₹582 Cr Loss
The Flipkart-owned fashion ecommerce platform reversed its previous year profit to post a significant loss in FY26. Revenue declined across most segments, particularly logistics services which fell 53.2%, though advertisement services grew 35.2%. The Bengaluru-based company's EBITDA loss improved slightly to ₹435 Cr from ₹535.9 Cr in the previous fiscal.
Key points
- Net loss of ₹581.8 Cr in FY26, reversing prior-year profit of ₹546.3 Cr
- Operating revenue fell 13.5% to ₹5,242.5 Cr year-on-year
- Logistics services declined 53.2% while ad services grew 35.2%
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Inc42 did the reporting; read the original for the full story.
Read the full story at Inc42
