Although its revenue growth was quite slow, Walmart India, the global retail behemoth’s wholesale and retail division, was able to lower its losses in FY ’25.
According to its financial statement, which was obtained from Tofler, Walmart India’s operational revenue increased by a slight 2.6% to Rs. 5,331 crore (US $ 605 million) in FY ’25 from Rs. 5,195 crore (US $ 589 million) in FY ’24.
Food and non-food items contribute significantly to Walmart’s revenue from wholesale trading; sales of these items made up 99% of the company’s overall operating income.
Regarding spending, the cost of materials, which accounted for about 90% of total costs, rose 3% from Rs. 4,791 crore (US $ 543 million) in FY ’24 to Rs. 4,924 crore (US $ 558 million) in FY ’25. Finance expenditures decreased 17% to Rs. 57 crore (US $ 6.46 million), while employee benefit expenses decreased 10% to Rs. 139 crore (US $ 16 million).
Overall, total expenses increased slightly from Rs. 5,355 crore (US $ 607 million) in FY ’24 to Rs. 5,484 crore (US $ 622 million) in FY ’25, a 2.4% increase. Walmart India was able to reduce its losses from Rs. 154 crore (US $ 17.5 million) in FY ’24 to Rs. 110 crore (US $ 12.5 million) in FY ’25, a 29% decrease. Its EBITDA margin was -0.35%, while its ROCE was -8.85%.
Walmart owns Flipkart Internet, the B2C division of Flipkart, which recorded revenue of over Rs. 20,000 crore (US $ 2.26 billion) for FY ’25, a 14% year-over-year gain. Over the same time frame, the business was able to cut its losses by 37%, to Rs. 1,494 crore (US $ 169 million).
