Flipkart B2B unit’s FY22 loss rises to Rs 3,404 crore

Flipkart India, the business to business (B2B) arm of the e-commerce giant, saw its losses increase to Rs 3,404 crore in FY22 from Rs 2,445 crore it reported in FY21, regulatory filings sourced from Tofler showed. This comes at a time when its operating revenue rose 19% from FY21 to reach Rs 50,993 crore in FY22.

Flipkart’s total expenses jumped to Rs 54,580 crore in the same period, over 19% higher from Rs 45,794 crore that it spent in FY21. The Walmart-owned company spent Rs 53,879 crore on purchases of stock-in-trade compared with FY21’s Rs 47,629 crore. Meanwhile, employee benefits expense stood at Rs 6,274 crore in FY22, up from Rs 3,850 crore in FY21.