Myntra, a fashion and lifestyle platform, reported revenue from operations of Rs 5,242.5 crore in FY26, according to its financial statements filed with the Registrar of Companies (RoC).
Excluding logistics and shipping services, revenue from operations increased 12% to Rs 4,123.3 crore from Rs 3,673.3 crore in FY25, supported by growth in advertising and marketplace revenue.
Revenue from advertisement services rose 35.2% to Rs 1,236.4 crore from Rs 914.5 crore. Revenue from marketplace and collection services increased 3% to Rs 2,657.3 crore from Rs 2,580.2 crore, while other operating revenue grew 28.6% to Rs 229.6 crore.
However, revenue from logistics and shipping services declined to Rs 1,119.2 crore from Rs 2,390.5 crore in FY25. This contributed to a fall in total revenue from operations from Rs 6,063.8 crore in the previous financial year.
Myntra’s total expenses increased marginally by 0.6% to Rs 5,757.7 crore from Rs 5,726 crore. Direct expenses, including logistics charges, declined 14% to Rs 1,841 crore, while other expenses, including advertising and business promotion, increased 12.8% to Rs 3,059.8 crore. Employee benefit expenses rose 3.7% to Rs 776.9 crore.
The company reported a loss before tax of Rs 441.9 crore in FY26, compared with a profit before tax of Rs 411 crore in FY25. The previous year’s profit included a deferred tax credit.
Separately, Flipkart Group reported an 18% increase in consolidated revenue for FY26. The consolidated financial statements of Flipkart Internet Private Limited, filed with the RoC, showed revenue from operations of Rs 1,45,880 crore, compared with a restated Rs 1,23,451 crore in FY25.
The group’s consolidated loss for the year stood at Rs 8,468 crore, against a restated loss of Rs 8,646 crore in the previous financial year.
The platform’s Big Fashion Festival (BFF), which began on October 8, recorded demand four times its business-as-usual (BAU) levels in the first 24 hours, according to the company.
Customers from Tier 2 and Tier 3 cities accounted for more than half of the orders placed on the opening day, with Jaipur, Lucknow, Patna, Indore, Ludhiana, Surat, Dehradun, Bhubaneswar and Mysuru among the cities recording strong demand.
Ahead of Durga Puja, demand from eastern India reached seven times BAU levels, led by West Bengal, Assam and Bihar. New customer additions from these regions were 1.8 times BAU levels, with ethnic wear, casual wear, beauty essentials and sportswear among the leading categories.
