Myntra turns profitable with Rs 30.9 crore PAT in FY24

Flipkart-owned e-commerce major Myntra turned profitable in the fiscal year ending March 2024, with a net profit of Rs 30.9 crore, compared to a loss of Rs 782.4 crore in FY23. The turnaround in Myntra’s bottomline comes 10 years after Flipkart bought the company in 2014.

In FY24, Myntra’s revenue from operations rose by 14.7% to Rs 5,121.8 crore from Rs 4,465 crore in FY23, according to its filings with the Registrar of Companies (RoC).