Flipkart logs double-digit sales growth, adds to Walmart net
Ecommerce major Flipkart has posted doubledigit growth in sales and has improved its contribution profit in the January to March quarter, Walmart’s top leaders said during the earnings call of the company on Thursday.
“In India, Flipkart had strong topline results and improved its contribution profit,” said John David Rainey, executive vice president and chief financial officer of Walmart Inc. “The team continues to expand its products and services. For example, Flipkart Travel added to its portfolio of offerings by launching bus reservation services in the quarter through its Cleartrip platform.”