Myntra Reports Net Loss of ₹582 Crore in FY26
Flipkart-owned fashion retailer Myntra swung to a net loss in FY26 as operating revenue declined 13.5%.
Myntra posted a net loss of approximately 582 crore rupees in fiscal 2026, reversing previous profits due to a sharp drop in logistics service revenues [https://www.livemint.com/companies/news/flipkartowned-fashion-e-commerce-giant-myntra-s-fy26-financials-how-falling-logistics-income-dragged-revenue-down-11792639701859.html].
The contraction in delivery income impacted growth while promotional expenses rose to maintain consumer engagement in a competitive market [https://www.livemint.com/companies/news/flipkartowned-fashion-e-commerce-giant-myntra-s-fy26-financials-how-falling-logistics-income-dragged-revenue-down-11792639701859.html].
Original source
livemint.com
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