Myntra, the Flipkart-owned fashion e-commerce platform, reported a remarkable turnaround in FY25, posting a consolidated net profit of ₹548.3 crore, up from ₹30.9 crore in FY24—a year-on-year surge of over 1,674%.
Revenue Growth
The company’s consolidated revenue from operations rose 18% to ₹6,042.7 crore in FY25, driven by its marketplace, logistics, and advertising businesses. Other income, primarily from royalties, increased 81% to ₹94.3 crore.
Expense Management
Total costs for the year stood at ₹5,723.7 crore, up 11% from ₹5,123 crore in FY24. Highlights include:
- Direct expenses: ₹2,139.4 crore, up 7%
- Other expenses (advertising, technology, admin): ₹2,710.1 crore
- Employee benefit expenses: ₹748.8 crore, down 7%
- Finance costs: ₹99.8 crore, up 66%
- Depreciation & amortisation: ₹25.6 crore, down 19%
The reduction in employee costs and careful management of operational expenses contributed significantly to the profit surge.
Capital Infusion
FY25 performance coincided with multiple funding rounds from Flipkart group entities. In May 2025, Myntra received a $125 million equity infusion from its Singapore-based parent, FK Myntra Holdings. Flipkart Internet also raised ₹2,225 crore (~$262 million) as part of internal funding rounds, supporting the company’s continued expansion in the fashion e-commerce sector.
Summary
Myntra’s FY25 results reflect strong revenue growth, tighter expense control, and robust backing from parent entities, positioning the company for continued expansion in India’s online fashion market.