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Fashion e-commerce platform Myntra, owned by Flipkart, has reported a dramatic surge in profitability for FY25, with profit after tax (PAT) skyrocketing 18-fold to ₹548.3 crore, up from ₹31 crore in the previous fiscal. According to the company's consolidated financials filed with the Registrar of Companies (RoC), revenue from operations rose 18% to ₹6,042.7 crore in FY25, compared to ₹5,121.8 crore in FY24. This marks the first time Myntra has crossed the ₹6,000 crore revenue milestone.
The platform’s revenue is driven by three core streams — logistics, marketplace services, and advertising: Logistics contributed the largest share at 48.3% of operating revenue, growing nearly 20% year-on-year to ₹2,918.9 crore, Marketplace services accounted for 34%, rising 15.6% to ₹2,051.8 crore, Advertising income jumped 28% to ₹914.5 crore, reflecting increased brand interest in the platform’s fashion-focused audience.
Myntra also earned ₹157.5 crore in other income, including ₹94.3 crore from non-operating sources such as royalty, bringing its total income to over ₹6,200 crore.
Despite robust growth, Myntra managed to contain costs. Total expenses rose just 11.7% to ₹5,723.7 crore in FY25, compared to ₹5,123 crore in the previous fiscal. The company’s largest outlay — advertising expenses — grew 37% to ₹2,105.3 crore, in line with efforts to acquire and retain customers in a competitive e-commerce landscape.
Spending on logistics services rose moderately by 6.45% to ₹1,999 crore, while employee benefit expenses saw a notable decline of 6.4% to ₹748.8 crore. Additional costs including IT services, finance charges, and payment gateway fees totaled ₹870.6 crore.
The combination of top-line growth and disciplined cost management sharply boosted Myntra’s profitability. Its Return on Capital Employed (ROCE) improved to 24.71%, while EBITDA margin stood at 8.78%, reflecting enhanced operational efficiency.
On a unit economics basis, Myntra spent ₹0.95 to earn every ₹1 of revenue in FY25 — a strong indicator of cost efficiency. The Bengaluru-based firm ended the fiscal with cash and bank balances of ₹22.8 crore and current assets worth ₹4,762.4 crore.
The results mark a significant turnaround from FY23, when Myntra had posted a loss of ₹782 crore. With sustained growth across its revenue streams and improving margins, Myntra is emerging as one of the strongest performers in India’s competitive fashion e-commerce space.
