Myntra Slips Into Red With ₹582 Crore Loss in FY26

24 Oct 2026, 8:07 pm · 4h ago · 1 min read · Inc42

Walmart-owned fashion ecommerce platform Myntra posted a net loss of ₹581.8 crore for the financial year ended March 31, 2026 (FY26), reversing a net profit of ₹546.3 crore in FY25. Operating revenue fell 13.5% year-on-year to ₹5,242.5 crore from ₹6,063.8 crore, primarily dragged down by a 53.2% drop in logistics and shipping revenue to ₹1,119.2 crore. In contrast, advertising services surged 35.2% to ₹1,236.4 crore, while marketplace services grew 3% to ₹2,657.3 crore. The Bengaluru-based company's EBITDA loss stood at ₹435 crore, compared to ₹535.9 crore in the prior fiscal year.