Walmart India FY22 loss widens to Rs 299 cr; revenue up 7% to Rs 5,350 cr

Wal-Mart India Pvt Ltd, which operates Best Price Flipkart wholesale stores, has witnessed its loss widening to Rs 299.01 crore in FY22 despite its revenue from operations going up, according to financial data accessed by business intelligence platform Tofler.

Wal-Mart India, in which Flipkart acquired 100 per cent interest in July 2020, had reported a net loss of Rs 200.80 crore in FY21.

The company’s revenue in FY22 grew 6.9 per cent to Rs 5,349.98 crore as compared to Rs 5,004.88 crore for the financial year ended on March 31, 2021.

Its total income also went up 6.40 per cent to Rs 5,361.72 crore for the financial year that ended on March 31, 2022. It was Rs 5,038.75 crore in FY21.