E-commerce major Flipkart narrows loss to Rs 4,248 crore in FY24

E-commerce major Flipkart has reported narrowing of consolidated net loss to Rs 4,248.3 crore in 2023-24 helped by increase in its revenue, according to a regulatory filing report shared by Tofler on Monday.

The company posted a consolidated net loss of Rs 4,897 crore in the financial year (FY) 2022-23.

The company’s expenses on purchase of stock in trade increased by about 24 per cent to Rs 74,271.2 crore in FY 2024 from Rs 59,816.6 crore in FY 2023.