Myntra’s net profit rises to Rs 548 crore in FY25; revenue up 18%

Flipkart-owned online fashion and beauty retailer Myntra’s net profit for the financial year ending March 2025 jumped nearly 18 times to Rs 548 crore from Rs 31 crore in FY24, according to the company’s financial statements sourced from the Registrar of Companies (RoC). The company's operating revenue grew 18% to Rs 6,043 crore, but expenses increased at a slower clip, leading to the rise in net profit.

The company's total expenses rose to Rs 5,724 crore, up 12% from Rs 5,123 crore reported a year ago.

However, the surge in Myntra’s profit came on account of deferred tax credit of Rs 135 crore for FY25.


In FY24, Myntra had turned profitable for the first time and reported a net profit of Rs 30.9 crore, which was a significant improvement from the net loss of Rs 782 crore in FY23.

Myntra competes with the likes of Nykaa in the online beauty and fashion space, in addition to Reliance Retail's Ajio in the fashion and lifestyle segment.

The company received fresh funding of Rs 1,062.5 crore ($124 million) from its Singapore-based parent entity, FK Myntra Holdings, in May.

In previous rounds, parent firm Flipkart had injected $81 million into the online fashion retailer in November 2024 and $339 million in March 2024.

Earlier in May, Myntra launched its new platform, Myntra Global, offering Made-in-India brands and fashion to cater to the Indian diaspora in Singapore. On the other hand, the online fashion retailer expanded its rapid delivery arm, M-Now, to Hyderabad earlier this month after launching in Bengaluru, Mumbai, and Delhi-NCR.

The rising investments in Myntra and Flipkart’s quick delivery services have affected Walmart International’s gross profit rate, which slipped in the June quarter.