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Myntra’s revenue for FY 18 declines to Rs 427 crore

As per latest regulatory documents, revenues of Flipkart-owned Myntra for the year ended March 2018 declined by 80 per cent to Rs 427 crore. Its revenue had zoomed almost 90 per cent to Rs 2,000 crore in the previous year. Myntra’s losses, at Rs 151 crore, had reduced by 76 per cent. Its total expenses stood at Rs 926 crore. These documents of Myntra Designs, which runs the online platform Myntra, were sourced from business intelligence platform Tofler. Previously Myntra executives had said that the company would turn profitable at the end of March 2018.

Myntra Design’s primary source of revenue comes from the marketplace fee it gets from sellers who list their products on its platform. Sellers like Tech-Connect Retail, and the business-to-business fashion arm Myntra Jabong are also critical to the overall growth of Myntra.

 

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