Walmart India trims losses by 28.7%, revenue up 2.6% in FY25

Walmart India, the domestic of the global retail giant, has reported that its operating revenue has grown 2.6% year-on-year (YoY) to Rs 5,330.9 crore in FY25 from Rs 5,194.9 crore in FY24, according to documents sourced from the Registrar of Companies (RoC).

Despite this marginal growth in revenue, the company has been able to trim its losses by 28.7% to Rs 109.8 crore in FY25 from Rs 154 crore in the last year on the back of controlled employee benefit expenses and financial costs (lease liabilities, bank overdrafts, etc), among other things.

Walmart India operates Flipkart Wholesale outlets (formerly known as Best Price) that sells goods to mom-and-pop stores. The company has been able to trim its losses for two years running while reporting modest revenue growth since the pandemic.

For FY25, Walmart India’s revenue stood at Rs 5,374 crore, 99% of which comes from the trading of food and non-food items. Other income sources such as the company’s shipping revenues rose to Rs 8.24 crore from Rs 8 crore in the year prior.

The company’s total expenses stood at Rs 5,483 crore, up from Rs 5,354 crore in FY24. Its employee benefit expenses dropped 10.3% to Rs 139 crore, while depreciation and amortisation saw a marginal increase.

Earlier, Flipkart Internet, the marketplace arm of Flipkart, had reported revenues of Rs 20,493 crore for fiscal 2025, up 14%, while its net losses fell 37% to Rs 1,494 crore. The Walmart-owned etailer’s growth was slower than FY24 amid weak ecommerce sentiment during FY25.

In comparison, Amazon Seller Services, the marketplace entity of Amazon India, reported that its revenue from operations had risen 19% YoY to Rs 30,139 crore in FY25. Its losses narrowed 89% to Rs 374 crore as a result of its expenses increasing at a slower pace.