Flipkart loss widens to Rs 4,890.6 crore in FY 2022-23

The Walmart group e-commerce firm posted a consolidated loss of Rs 3,371.2 crore in the financial year (FY) 2022. On a standalone basis, Flipkart's net loss or loss carried to the balance sheet widened to Rs 4,839.3 crore. "Net loss for the financial year ending as on 31st March 2023 was Rs 48,393 million as against that of previous year ending as on 31st March 2022 of Rs 33,624 million witnessed an increase of 44 per cent in the net loss," Flipkart's financial report said.

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