Flipkart India FY22 net loss widens to Rs 3,413 cr

E-commerce major Flipkart India’s consolidated net loss widened to Rs 3,413 crore in the financial year 2021-22 despite increase in revenues, according to financial data accessed by business intelligence platform Tofler.

The Walmart group-owned firm had reported a net loss of Rs 2,445.6 crore in the previous financial year 2020-21.

On a standalone basis, Flipkart’s net loss widened to Rs 3,404.3 crore during 2021-22 from Rs 2,444.8 crore in 2020-21.

Net total income both on standalone and consolidated basis increased by about 18 per cent to Rs 51,175.7 crore from Rs 43,349.1 crore in FY21.