Flipkart Internet’s sales surge 18%, losses shrink as the e-commerce giant eyes a public listing

Flipkart Internet, the flagship entity of the Flipkart Group, reported an 18% year-on-year jump in consolidated revenue from operations to Rs 1,45,880 crore in FY26, while its net loss narrowed by Rs 178 crore to Rs 8,468 crore, according to its latest filing with the Registrar of Companies (RoC).

The performance comes as Flipkart restructures its corporate structure following its re-domiciliation to India earlier this year, with Flipkart Internet emerging as the group’s holding company in India with 25 subsidiaries, including Myntra, Instakart Services (which operates Ekart logistics), Cleartrip and Walmart India.

Flipkart Internet is the principal entity for the group’s proposed initial public offering, which is currently in the works, as well as any future fundraising.


The company said gross margins expanded 23% year-on-year, reflecting improved unit economics, while adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by Rs 1,500 crore during the year.

The reduction in net losses was partly offset by higher finance costs, the derecognition of deferred tax assets recognised in earlier periods and certain one-off exceptional items.

Finance costs nearly doubled to Rs 1,209 crore in FY26 from Rs 649 crore in the previous fiscal, according to the balance sheet.

Meanwhile, adjusted operating losses—before finance costs, tax, other income and exceptional items—narrowed by about Rs 1,600 crore year-on-year, or around 17%. The adjusted operating margin improved by 230 basis points, from -7.7% to -5.4%, supported by higher gross margins and lower overheads.

Flipkart’s marketplace has more than 500 million registered customers and offers over 150 million products across more than 80 categories, with more than 1.4 million sellers on the platform.

The Flipkart Group operates across several business verticals, including Flipkart, Myntra and Cleartrip, through multiple legal entities that share technology infrastructure, loyalty programmes and supply-chain capabilities.