Flipkart-owned Myntra has reported a consolidated net profit of ₹548.3 crore in FY25, a massive jump from just ₹30.9 crore in FY24, according to financial disclosures cited in media reports.
The sharp swing to profitability was driven by a deferred tax credit of ₹137.5 crore and lower employee-related costs, even as total expenses grew at a modest 12% year-on-year. Employee benefit expenses were down by nearly 7%, aiding the bottom line.
Revenue Breakdown
- Total Operating Revenue: ₹6,042.7 crore (up 18% YoY)
- Logistics Services: ₹2,918.9 crore (+20% YoY)
- Marketplace Services: ₹2,051.8 crore
- Advertising Revenue: ₹914.5 crore (+28% YoY)
Marketplace commissions and advertising growth underline Myntra’s increasing focus on platform monetisation, while logistics remains its largest contributor to topline.
Strategic Moves
Earlier this year, Myntra secured ₹1,062.5 crore in funding from its Singapore-based parent FK Myntra Holdings, earmarked for expansion and technology investments. The company is also doubling down on its beauty and lifestyle verticals, launching new brands and exclusive collaborations to capture young urban consumers.
Market Watch
The strong FY25 results highlight Myntra’s growing role in Flipkart’s ecosystem amid fierce competition from Amazon, Ajio, Nykaa, and Meesho. With India’s fashion and lifestyle ecommerce market projected to exceed $35 billion by 2030, Myntra’s improved profitability provides both financial cushion and strategic leverage ahead of festive season sales.
Final Take
Myntra’s FY25 performance signals a matured growth phase where operational discipline, platform monetisation, and strategic funding align to build long-term market leadership in India’s fashion-first ecommerce space.
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