Myntra Reports FY25 Profit of ₹548 Crore, Revenue Grows 18% YoY

Myntra, the Flipkart-owned fashion e-commerce platform, posted a remarkable turnaround in its financial performance for FY25. The company reported a consolidated net profit of ₹548.3 crore, a staggering jump from ₹30.9 crore in FY24 — an increase of over 1,674% year-on-year (YoY). The impressive growth comes amid rising revenues, cost optimization, and strategic investments from its parent company, Flipkart.

Surge in Revenue and Profitability

Myntra’s consolidated revenue from operations rose 18% YoY to ₹6,042.7 crore in FY25, up from ₹5,121.8 crore in FY24. Revenue growth was driven primarily by the company’s marketplace business, logistics services, and advertising offerings.

Additionally, other income, mainly from royalties, grew 81% YoY, reaching ₹94.3 crore in FY25, compared to ₹51.9 crore in FY24.

Cost Structure and Expense Management

Myntra maintained tighter control over costs while scaling operations. Total expenses rose 11% to ₹5,723.7 crore in FY25 from ₹5,123 crore in FY24.

Direct Expenses

• Costs related to logistics, procurement, and platform operations increased 7% to ₹2,139.4 crore, up from ₹1,996.4 crore in FY24.

Other Expenses

• Spending on advertising, technology infrastructure, and administrative costs expanded to ₹2,710.1 crore from ₹2,234 crore, reflecting strategic investment in brand visibility and technology.

Employee Costs

• Employee benefit expenses declined 7% to ₹748.8 crore from ₹800 crore in FY24, providing a cushion to the overall cost base and boosting profitability.

Finance and Depreciation

• Finance costs rose 66% to ₹99.8 crore.

• Depreciation and amortization fell 19% to ₹25.6 crore.

Strategic Investments Fuel Growth

Myntra’s growth coincides with Flipkart’s strategic push in fashion e-commerce. In May, Myntra received a $125 million capital infusion from its Singapore-based parent, FK Myntra Holdings, signaling strong backing for future expansion.

Additionally, Walmart, which owns Flipkart and Myntra in India, has continued investing in the online fashion business to maintain its competitive edge.

Flipkart Internet, Myntra’s marketplace arm, raised ₹2,225 crore (around $262 million) from its Singapore-based parent in May — its fourth internal funding round in just over a year. Previous infusions include:

• ₹3,250 crore in April 2025

• ₹1,421 crore in April 2024

• ₹950 crore in March 2024

These strategic investments support Myntra’s scaling efforts while strengthening its position in India’s booming online fashion market.

Strong Bottom-Line Performance

The FY25 results highlight Myntra’s ability to scale revenues while keeping costs under control, resulting in its strongest bottom-line performance to date. Analysts note that the combination of tighter employee cost management, higher revenues from advertising and logistics, and parent company funding has created a robust framework for sustained profitability.

This turnaround also reflects Myntra’s focus on operational efficiency and strategic expansion in India’s competitive fashion e-commerce space, positioning it well for future growth.

Conclusion

Myntra’s record FY25 profit of ₹548 crore and 18% revenue growth underscore the platform’s strong financial health and market position. With continued backing from Flipkart and Walmart, coupled with prudent expense management, Myntra is well-placed to capitalize on India’s growing online fashion market.