Myntra’s net profit rises to Rs 548 crore in FY25; revenue up 18%

Share via:



Flipkart-owned online fashion and beauty retailer Myntra’s net profit for the financial year ending March 2025 jumped nearly 18 times to Rs 548 crore from Rs 31 crore in FY24, according to the company’s financial statements sourced from the Registrar of Companies (RoC). The company’s operating revenue grew 18% to Rs 6,043 crore, but expenses increased at a slower clip, leading to the rise in net profit.

The company’s total expenses rose to Rs 5,724 crore, up 12% from Rs 5,123 crore reported a year ago.

However, the surge in Myntra’s profit came…



Source link

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.

Popular

More Like this

Myntra’s net profit rises to Rs 548 crore in FY25; revenue up 18%



Flipkart-owned online fashion and beauty retailer Myntra’s net profit for the financial year ending March 2025 jumped nearly 18 times to Rs 548 crore from Rs 31 crore in FY24, according to the company’s financial statements sourced from the Registrar of Companies (RoC). The company’s operating revenue grew 18% to Rs 6,043 crore, but expenses increased at a slower clip, leading to the rise in net profit.

The company’s total expenses rose to Rs 5,724 crore, up 12% from Rs 5,123 crore reported a year ago.

However, the surge in Myntra’s profit came…



Source link

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

The Best Bike Gear for Your Brisk, Wintry Commute...

FAQsWe asked Joshua Hale, general manager of commuter bike...

The Apple iPhone 17 Pro Keeps Cool While Playing...

The iPhone 17 Pro is the best phone Apple...

Popular