Operationally profitable for two quarters: Fashion platform Myntra

Flipkart-owned fashion platform Myntra has said that it has been operationally profitable since October last year.

Citing its growing customer base, domestic and international brand associations and tech-led innovations, Myntra said on Tuesday that its marketplace entity has been EBITDA (earnings before interest, taxes, depreciation, and amortization) positive since the last quarter of calendar year 2023.

It makes Myntra operationally profitable for two quarters running, something the firm has never achieved before.