Profitability remains elusive for Flipkart as losses pile up 5X

Profitability for Flipkart still seems to be out of sight as the group posted a whopping increase in its net loss by more than five times to Rs 46,901 crore in FY 2018 from Rs 8,771 crore in FY 2017, according to the ROC filings sourced by business signals platform Paper.vc.

However, Flipkart Group’s revenue increased by a little over 1.5X to Rs 30,164 crore in FY18 from Rs 19,854 in the preceding fiscal year.

Major areas of expense have been the purchase of products for sale (Rs 27,375 crore), employee benefits expense (Rs 2,683 crore), finance costs (Rs 40,937 crore), and other expenses (Rs 6,013 crore).