Flipkart Group reported consolidated revenue of Rs 1.46 lakh crore for FY26, up 18.2 percent year on year. Net losses narrowed 2.1 percent to Rs 8,468 crore during the fiscal year.
Flipkart Internet’s revenue from operations rose to Rs 1,45,880 crore in FY26, from Rs 1,23,451 crore in FY25. The numbers come from the consolidated financial statements filed with the Registrar of Companies.
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What Changed In The Numbers
This is the first set of Flipkart Group financials after its reverse flip to India. The consolidation brought 25 subsidiary companies under Flipkart Internet.
That step followed the amalgamation of the group’s Singapore entities with Flipkart Internet in March 2026. Key businesses including Flipkart, Myntra and Cleartrip now sit inside the Indian entity.
The reverse flip matters for how the numbers read. It changes what counts as consolidated revenue, so comparisons with earlier years need care.
Where The Money Came From
Sale of traded goods remained the largest revenue stream at Rs 1,04,850 crore. That is up 12.8 percent from Rs 92,957 crore. This reflects product sales through commerce operations, not just commission earned on transactions.
Logistics, warehousing and shipping services were the second-largest stream. Revenue from this segment jumped 2.4 times to Rs 23,059 crore, from Rs 9,580 crore a year earlier.
Advertisement services grew 30.7 percent to Rs 9,597 crore from Rs 7,343 crore. In the other direction, marketplace and collection services fell 43.9 percent to Rs 6,719 crore from Rs 11,967 crore. That line covers seller fees, commissions and payment collection charges.
Other operating income contributed Rs 1,655 crore, and non-operating income added Rs 820 crore. Total revenue reached Rs 1,46,700 crore.
Where The Money Went
The cost of materials accounted for nearly 74.4 percent of total expenses. It rose 17 percent to Rs 1,15,118 crore. Overall expenses increased 16 percent to Rs 1,54,781 crore from Rs 1,33,400 crore.
Transportation expenses jumped 28.9 percent to Rs 15,154 crore. Advertising expenses rose 4.7 percent to Rs 4,941 crore.
Employee benefit expenses increased 1.3 percent to Rs 8,376 crore, and that figure included Rs 2,922 crore in ESOP costs. Depreciation and amortisation stood at Rs 1,801 crore, while legal and professional expenses were Rs 1,595 crore.
The Bottom Line
The EBITDA loss narrowed 21.5 percent to Rs 5,891 crore. Revenue growth of 18.2 percent combined with a narrower EBITDA loss is a pattern Flipkart has held for a few years. The top line expands faster than the loss.
The quick commerce and logistics build-out is expensive, and the jump in transportation costs shows where the money is going. The improvement in the EBITDA loss suggests those investments are at least converting into revenue.
Walmart owns the group, and India remains one of its largest markets outside the United States. A narrowing loss at this scale is what keeps that position funded.