Myntra Revenue Milestone: Crossing Rs 6000 Crore in FY25

Myntra, the fashion e-commerce platform that belongs to Flipkart, reached a remarkable revenue milestone of Rs 6000 crore for the fiscal year concluding in March 2025. During the same timeframe, its profit after tax (PAT) skyrocketed by 18 times.

Myntra’s Financial Performance

According to its consolidated financial statement obtained from the Registrar of Companies (RoC), Myntra experienced an 18% rise in operational revenue, which climbed to Rs 6,042.7 crore in FY25, up from Rs 5,121.8 crore in FY24. The company derives its revenues from logistics, marketplace services, and advertising income.

Revenue Breakdown

Logistics made up 48.3% of the total operational revenue, seeing an increase of nearly 20% to Rs 2,918.9 crore in FY25. Meanwhile, marketplace services contributed 34% of the revenue, reflecting a 15.6% growth to Rs 2,051.8 crore. Additionally, advertising revenue experienced a significant surge of 28%, reaching Rs 914.5 crore. Myntra also recorded Rs 157.5 crore from various other income sources and earned Rs 94.3 crore from non-operating revenue, mainly royalties, resulting in total revenue of Rs 6,042.7 crore in FY25.

Expenditure Overview

The company’s advertising expenses, which constitute the largest portion of costs, soared by 37% to Rs 2,105.3 crore in the last fiscal year. In contrast, logistics expenditures increased by 6.45% to Rs 1,999 crore, while employee benefit expenses saw a decrease of 6.4%, amounting to Rs 748.8 crore. Other operating expenses, including finance costs, payment gateway charges, and IT expenditures, summed up to Rs 870.6 crore during the fiscal year.

Total Expense Changes

Regarding overall expenses, Myntra’s total rose by 11.7%, reaching Rs 5,723.7 crore in FY25, compared to Rs 5,123 crore in the previous year. Myntra’s disciplined expenditure strategy and continuous revenue stream growth resulted in a substantial profit increase by nearly 18 times to Rs 548.3 crore in FY25, bouncing back from a profit of Rs 31 crore in FY24 and a loss of Rs 782 crore in FY23. Consequently, its return on capital employed (ROCE) and EBITDA margin improved to 24.71% and 8.78%, respectively.

Unit Economics and Cash Flow

On a per-unit basis, the company spent Rs 0.95 to generate each rupee of revenue during the fiscal year. The Bengaluru-based company reported cash and bank reserves totalling Rs 22.8 crore, while its current assets amounted to Rs 4,762.4 crore in FY25.