Myntra’s losses widen 247% to Rs 539 crore in 2018-19

Online fashion retailer Myntra’s net losses increased 256.56% to Rs 539.2 crore in the year to March 2019 as compared to the year-ago period.

Total expenses of the firm stood at Rs 1,628 crore in the financial year 2018-19, against expenses of Rs 925.64 crore reported in 2017-18, according to the company’s RoC filings sourced from business intelligence platform Tofler.
Revenue from operations grew by 161.3% to Rs 1,041.1 crore in FY19, the data showed.