Walmart India Cuts Losses by 28.7%, Sees 2.6% Revenue Growth in FY25

Quick Summary

• Walmart India’s operating revenue grew 2.6% YoY to Rs 5,330.9 crore in FY25, compared to Rs 5,194.9 crore in FY24.
• Net losses reduced by 28.7%, from Rs 154 crore in FY24 to Rs 109.8 crore in FY25.
• The company attributes the reduction in losses to controlled employee benefit expenses and financial costs (e.g.,lease liabilities).
• Revenue mainly comes from the trading of food and non-food items (99%); other income sources include shipping revenues, which rose marginally to Rs 8.24 crore.
• Total expenses increased slightly to Rs 5,483 crore from Rs 5,354 crore the previous year.
• Employee benefit expenses dropped by 10.3%, while depreciation and amortisation costs rose slightly.
• Flipkart Internet (a related arm) reported a slower revenue growth of 14% YoY for FY25, while its net losses shrank by 37%.
• In comparison, Amazon India’s marketplace entity (Amazon Seller Services) saw greater revenue growth of 19% YoY and a sharper reduction in losses by nearly 89%.

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Indian Opinion Analysis

Walmart India’s continued narrowing of losses over two years signals improved operational efficiencies and cost management strategies post-pandemic recovery-a critical factor given the competitive pressures in India’s retail ecosystem dominated by conventional mom-and-pop stores as well as e-commerce giants like Amazon.

While modest revenue growth at just over two percent indicates limited sales expansion potential for now,the meaningful reduction in employee-related expenditure could reflect underlying adjustments aimed at sustainability rather than aggressive market capture strategy.

Amazon India’s outpacing of Walmart presented here emphasizes contrasting trajectories within comparable businesses-highlighting that cost control alone may not suffice if parallel-scale top-line acceleration lags behind key competitors amidst faltering sectorial sentiment elsewhere slowing!