Walmart Q4: Flipkart’s positive contribution margin expanding and PhonePe demerger expensive

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Walmart’s operations in India had a mixed fourth quarter (Q4), as ecommerce arm Flipkart expanded its positive contribution margin, but the demerger of its digital payments subsidiary PhonePe dragged down the numbers.

Walmart’s top executives stated on its Q4 earnings call that Flipkart was driving the retail giant’s gross merchandise volume (GMV) and revenue growth. Noting that Flipkart had made significant investments in infrastructure over the previous three years, Rainey stated that the ecommerce giant was now reaping the benefits of this infrastructure, which could be scaled at a low marginal cost. He attributed the rising contribution profit to this, adding that the retail behemoth was overjoyed with the news.

In terms of PhonePe, Rainey stated that the digital payments giant processed an annualised total payments volume (TPV) of more than $950 Bn in Q4, an increase of nearly 50% over the previous year. According to Walmart, PhonePe has over 4 billion monthly transactions.

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Walmart Q4: Flipkart’s positive contribution margin expanding and PhonePe demerger expensive

Walmart’s operations in India had a mixed fourth quarter (Q4), as ecommerce arm Flipkart expanded its positive contribution margin, but the demerger of its digital payments subsidiary PhonePe dragged down the numbers.

Walmart’s top executives stated on its Q4 earnings call that Flipkart was driving the retail giant’s gross merchandise volume (GMV) and revenue growth. Noting that Flipkart had made significant investments in infrastructure over the previous three years, Rainey stated that the ecommerce giant was now reaping the benefits of this infrastructure, which could be scaled at a low marginal cost. He attributed the rising contribution profit to this, adding that the retail behemoth was overjoyed with the news.

In terms of PhonePe, Rainey stated that the digital payments giant processed an annualised total payments volume (TPV) of more than $950 Bn in Q4, an increase of nearly 50% over the previous year. According to Walmart, PhonePe has over 4 billion monthly transactions.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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