Myntra Slips Into The Red In FY26, Reports ₹582 Cr Loss
Fashion ecommerce platform Myntra reported a net loss of ₹581.8 Cr in the financial year ended March 31, 2026 (FY26),…
Myntra, a Bengaluru-based fashion e-commerce platform, reported a net loss of ₹581.8 crore for the fiscal year ended March 31, 2026 (FY26), marking a reversal from a net profit of ₹546.3 crore in the previous fiscal. Operating revenue for Myntra fell 13.5% to ₹5,242.5 crore in FY26, down from ₹6,063.8 crore in FY25. The company's revenue streams include marketplace services, logistics services, and advertisement services.
Marketplace and collection services accounted for 50.7% of the top line, while advertisement services rose 35.2% to ₹1,236.4 crore. Logistics and shipping services, however, declined 53.2% to ₹1,119.2 crore. Other operating revenue contributed ₹229.6 crore, bringing the overall topline to ₹5,242.5 crore. Including other income of ₹73.3 crore, the total income for the fiscal year FY26 was ₹5,315.8 crore, a 13.4% decline from ₹6,137 crore.
Myntra's EBITDA loss was ₹435 crore in FY26, compared to ₹535.9 crore in FY25. The company's parent, Flipkart Group, also released its consolidated FY26 financials, showing an 18.2% increase in consolidated revenue from operations to ₹1.45 lakh crore, with a loss narrowing by 2.1% to ₹8,468 crore.
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