Flipkart losses widen to over Rs 7,800 crore in FY22 as expenses rise

Meanwhile, the group’s B2B unit Flipkart India -- earlier called Walmart India -- witnessed a loss of Rs 3,413 crore in FY22, up from Rs 2,445.6 crore in the last fiscal.

The losses came on the back of increased expenses i.e transportation, advertising and promotion, employee and legal costs. The total expenses of Flipkart Internet increased by 36.5 percent whereas the B2B arm Flipkart India saw a 19 percent jump.

The group, however, saw its net income increase by about 20 percent to Rs 61,836 crore during the fiscal. Of this, Flipkart India accounts for Rs 51,176 core while Flipkart Internet contributed revenue of Rs 10,660 crore.

According to a report by strategy consulting firm Redseer, Flipkart has been leading total sales in India during the festive season. In the first week of the festive season, i.e towards September end, the e-commerce major held a 62 percent share or Rs 24,800 crore worth of gross merchandise value from total sales of Rs 40,000 crore, as per the report.