Flipkart-owned fashion e-commerce platform Myntra slipped into the red in the financial year ended March 31, 2026, reporting a net loss of Rs 579.4 crore after a profit of Rs 548.5 crore a year earlier, according to filings sourced from the Registrar of Companies, MediaNama and Entrackr reported.
Source: MediaNama — Myntra slips into the red in FY26, revenue declines 14%
Revenue from operations fell 13.5 per cent to Rs 5,242.5 crore from Rs 6,063.8 crore in FY25, largely because revenue from logistics and shipping services dropped 53.2 per cent to Rs 1,119.2 crore from Rs 2,390.5 crore. Including other income of Rs 73.3 crore, mainly royalty income, total revenue stood at Rs 5,315.8 crore, down 13 per cent from Rs 6,137 crore, MediaNama reported.
Source: MediaNama — Myntra slips into the red in FY26, revenue declines 14%
Marketplace services remained the largest revenue stream at Rs 2,657.3 crore, up 3 per cent and about half of operating revenue, while advertising services revenue rose 35.2 per cent to Rs 1,236.4 crore from Rs 914.5 crore, Entrackr reported.
Source: Entrackr — Myntra spends Rs 2,326 Cr on advertising for Rs 5,242 Cr revenue in FY26
Total expenses were broadly flat at Rs 5,757.7 crore against Rs 5,726 crore a year earlier. Advertising and promotion was the biggest cost at Rs 2,326.5 crore, logistics charges fell to Rs 1,666.6 crore, and employee benefits were Rs 777 crore including Rs 235.4 crore of ESOP cost, according to the filings reported by Entrackr and MediaNama. Livemint reported that deferred tax expenses of Rs 137.5 crore and restructuring costs linked to the Flipkart group's reverse flip from Singapore to India also weighed on the bottom line, and that the company recorded an EBITDA loss of Rs 435 crore.
Flipkart, which bought Myntra in 2014, shifted its domicile back to India from Singapore in March this year. At group level, Flipkart posted a consolidated net loss of Rs 8,468 crore — yaani about Rs 84.68 arab (84.68 billion rupees) — on operating revenue of Rs 1.45 lakh crore in FY26, MediaNama reported.
Source: MediaNama — Myntra slips into the red in FY26, revenue declines 14%