Flipkart India, the Walmart-owned e-commerce giant, experienced a widening of consolidated losses in the financial year 2025, reaching ₹5,189 crore. This is according to data accessed by business intelligence platform Tofler. In the preceding financial year, the company's losses stood at ₹4,248.3 crore. Despite the increased losses, Flipkart recorded a 17.3% surge in consolidated revenue from operations, amounting to ₹82,787.3 crore in FY25, compared to ₹70,541.9 crore in FY24.

However, not all Flipkart entities mirrored this loss-widening trend. Flipkart Internet, the arm that operates the e-commerce marketplace, managed to narrow its losses to ₹1,494.2 crore in FY25. This is a significant improvement from the ₹2,358.7 crore loss in the previous financial year. On a standalone basis, the firm also reported a narrowing of loss to ₹1,568.6 crore in FY25 from ₹2,296.2 crore in FY24. Flipkart Internet's revenue for FY25 was reported as ₹20,746 crore, a 14% jump from the last financial year, with total expenses of ₹22,315 crore.

The contrasting financial performance between Flipkart India and Flipkart Internet highlights the complexities within the company's operational structure. While the consolidated figures reflect increased losses, the marketplace arm demonstrates progress in curtailing losses and boosting revenue.

Several factors contributed to Flipkart's overall financial performance. The company's total expenses for the fiscal year swelled by 17.4%, reaching ₹88,121.4 crore. A primary driver of these expenses was the purchase of stock-in-trade, which surged to ₹87,737.8 crore in FY25, up from ₹74,271.2 crore the previous year. Finance costs also saw a significant jump of approximately 57%, reaching ₹454 crore in FY25.

Flipkart Internet's revenue streams are primarily driven by marketplace operations, logistics services, and advertising. In FY25, advertising revenue increased by 27% to ₹6,317 crore from ₹4,973 crore in the previous year. Additionally, revenue from marketplace fees more than doubled to ₹7,751 crore, compared to ₹3,734 crore in FY24. However, income from logistics services experienced a sharp decline, falling to ₹4,224 crore from ₹6,838 crore in the previous year.

On the cost side for Flipkart Internet, logistics service charges remained the largest expense, increasing by 9% to ₹7,144 crore. Employee benefit expenses saw a decrease of 8% to ₹4,748 crore, while marketing costs surged by 37% to ₹4,100 crore, accounting for approximately 18% of total expenses.

Despite the mixed financial results, Flipkart is actively preparing for a potential initial public offering (IPO) within the next 12–15 months. The company is undertaking several strategic initiatives, including relocating its holding company from Singapore to India and launching Flipkart Black, a paid subscription program. Flipkart is also investing in AI-driven personalization and expanding its credit offerings.

The e-commerce landscape in India has been evolving, with increasing competition from quick commerce platforms. While Flipkart's marketplace arm has shown a slowdown in growth compared to previous years, the company is adapting its strategies to diversify revenue streams, control costs, and strengthen its market position.