Ekart’s FY26 Loss Narrows 98% To ₹26 Cr Despite Revenue Decline

In the fiscal year ending March 2026, Ekart, the logistics arm of Flipkart-owned Instakart Services, managed to narrow its loss to ₹26 crore from a staggering ₹1,508 crore the previous year, marking a remarkable 98.3% reduction. However, the company's revenue from contracts with customers fell slightly by 4.2% to ₹13,194 crore. Revenue generated through Ekart was primarily contributed by Flipkart, accounting for around 69% of the total operating revenue.

The logistics division contributed the most, with an approximate share of 50% to ₹6,419 crore. Ekart's revenue from collection and warehousing services saw a decline of 68% and a rise of 44% respectively, with the former falling to ₹510 crore and the latter rising to ₹2,212 crore. Including finance and other income amounting to ₹418 crore, Ekart's total income decreased by 3.9% to ₹13,612 crore.

Ekart, founded in 2009, initially operated as an in-house logistics entity within Flipkart before being spun off as a separate entity in 2016 to cater to the fulfillment services of various brands and entities. As of the previous fiscal year, Ekart operated over 7,000 trucks, 70 fulfilment centres, 80 sortation facilities, and 3500 delivery hubs across the country, delivering to 14,000 postal codes.

The logistics company has recently opened its pan-India logistics network to other MSMEs, D2C brands, FMCG companies, and enterprises, enabling them to utilize the same infrastructure used by Flipkart. Ekart's total expenses declined by 13% year-over-year to ₹13,638 crore, while its costs stood at ₹15,673 crore in the previous fiscal year.