Flipkart’s limited India operations hit global growth: Walmart

Flipkart’s limited operations during the nationwide lockdown “negatively affected” growth in its international ecommerce business, US retail giant Walmart told investors on Tuesday, counteracting higher sales from China, Canada, UK and Mexico.

Walmart’s chief rival Amazon, too, said earlier this month that India was its most impacted geography due to the lockdowns brought on by the Covid-19 pandemic.

“Limited operations of the company’s Flipkart business in India for a portion of the quarter negatively affected growth,” Walmart said in its earnings presentation to investors for the first quarter ended April 30.