Myntra's net profit soars 18x to Rs 548 crore in FY25; revenue crosses Rs 6,000 Cr
The recovery comes two years after Myntra reported a loss of Rs 782 crore in FY23.
Bengaluru-based fashion ecommerce platform , owned by , posted a profit after tax of Rs 548.3 crore, an 18X increase from Rs 31 crore in FY24.
Myntra's consolidated revenue from operations rose 18% year-on-year to Rs 6,042.7 crore in FY25, up from Rs 5,121.8 crore in the previous fiscal. The company generates revenue from three main streams—logistics, marketplace services, and advertising.
Logistics continued to be the largest contributor, accounting for 48.3% of operating revenue at Rs 2,918.9 crore, a growth of nearly 20% year-on-year. Marketplace services added Rs 2,051.8 crore, up 15.6%, while advertising income rose 28% to Rs 914.5 crore.
Myntra also booked Rs 157.5 crore from other income sources, including Rs 94.3 crore from non-operating revenue such as royalty income, bringing its total revenue to Rs 6,042.7 crore.
On the cost front, expenses increased 11.7% year-on-year to Rs 5,723.7 crore in FY25. Advertising and promotional spends remained the largest expense head, climbing 37% to Rs 2,105.3 crore. Logistics costs rose 6.5% to Rs 1,999 crore, while employee benefit expenses declined 6.4% to Rs 748.8 crore.
Other overheads, including finance costs, IT spending, and payment gateway fees, totalled Rs 870.6 crore. Myntra’s ROCE (return on capital employed) improved to 24.71%, while its EBITDA margin stood at 8.78%. On a per-unit basis, the company spent Rs 0.95 to earn every rupee of revenue.
The company closed FY25 with current assets worth Rs 4,762.4 crore and cash and bank balances of Rs 22.8 crore.
Myntra achieved profitability in FY24, reporting a profit of Rs 31 crore, marking a significant turnaround from a loss of Rs 782.4 crore in FY23.
Myntra's performance follows fresh funding support from its Singapore-based parent, FK Myntra Holdings, which infused $125 million in May 2025.
Flipkart had also invested $81 million in the holding entity in 2024. Flipkart originally acquired Myntra in 2014 for $240 million.
In addition to its domestic growth, Myntra is also eyeing global opportunities. Earlier this year, the company launched Myntra Global in Singapore, targeting the nearly 650,000-strong Indian diaspora in the country. The platform offers Indian fashion, ethnic wear, and home décor, with deliveries shipped directly from India within 4–7 days.