From mint · Sanchari Ghosh · · 1m 20s
Myntra's FY26 Loss Driven by Logistics Decline
Myntra reports ₹579 crore loss as logistics revenue drops 53.2% in FY26.
In brief
Myntra reports ₹579 crore loss as logistics revenue drops 53.2% in FY26. Myntra swung to a ₹579.4 crore net loss in FY26 due to a 53.2% fall in logistics revenue, outweighing 3% growth in marketplace services. Originally reported by mint.
Myntra's FY26 Financials
Flipkart-owned fashion e-commerce giant Myntra reported a net loss of ₹579.4 crore in FY26, down from ₹548.5 crore profit in FY25.
Logistics Revenue Plummets
Logistics services revenue fell 53.2% to ₹1,119.2 crore in FY26 from ₹2,390.5 crore in FY25.
Marketplace Services Growth
Marketplace services revenue grew 3% to ₹2,657.3 crore in FY26, contributing 50.7% of operating revenue.
Advertising Revenue Rises
Advertising income rose 35.2% to ₹1,236.4 crore in FY26, contributing 23.6% of operating revenue.
Advertising Costs Soar
Myntra spent ₹2,326.5 crore on advertising, up 10.5% year-on-year, accounting for 41% of expenses.
Net Loss Details
Myntra reported a net loss of ₹579.4 crore in FY26, with EBITDA loss of ₹435 crore and return on capital employed at -23.03%.
Operating Expenses
Total operating expenses remained stable at ₹5,757.7 crore in FY26, compared with ₹5,726 crore in FY25.
Key Financial Metrics
Myntra spent ₹1.10 to earn every rupee of revenue, with cash and bank balances at ₹21.5 crore.
At a glance
Myntra swung to a ₹579.4 crore net loss in FY26 due to a 53.2% fall in logistics revenue, outweighing 3% growth in marketplace services.
