{
  "id": 16336758,
  "title": "Myntra Slips Into The Red In FY26, Reports ₹582 Cr Loss",
  "url": "https://urgent.news/2026/10/24/myntra-slips-into-the-red-in-fy26-reports-582-cr-loss",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-24T14:37:28.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/myntra-slips-into-the-red-in-fy26-reports-%e2%82%b9582-cr-loss/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Fashion ecommerce platform Myntra reported a net loss of ₹581.8 Cr in the financial year ended March 31, 2026 (FY26),…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}