Flipkart Saw Double-digit Top-line Growth In Q2 FY25: Walmart

Walmart, the US-based retail company, has said that Flipkart continues to show strong performance, with its revenue trajectory steadily improving as the business expands. While specific financial figures were not disclosed, a senior executive during an analyst call revealed that Flipkart achieved double-digit growth in its top-line during the second quarter of FY25, along with a positive contribution margin.

Additionally, PhonePe, another key player in Walmart's portfolio, is seeing notable growth in total payment volume. In its Q2 FY25 results, released on 15 August, Walmart reported that its international operations contributed to an 8.3 per cent rise in revenue, reaching USD 29.6 billion, up from USD 27.6 billion in the same quarter last year. This growth was largely driven by Flipkart, which has established itself as the leading e-commerce platform in India since Walmart's acquisition in 2018.

Walmart executives noted that Flipkart's grocery segment grew by an impressive 50 per cent year-on-year (YoY), indicating significant potential for further expansion. The company is also gearing up to broaden its quick commerce service, Flipkart Minutes, following a successful pilot in Bengaluru. The upcoming months are crucial for ecommerce companies in India, as the September to November period typically accounts for about half of their annual gross merchandise value.

Walmart said it remains optimistic about the upcoming Big Billion Days festival, which is expected to boost sales further. Discussing Walmart’s online retail operations, a company executive stated, “Ecommerce will ultimately generate profits for us. It’s poised to surpass a critical threshold, and we will address that at some point.”