Results · Commerce & Consumer Brands

Flipkart boosts Walmart's ad revenue and profit

What they do

Walmart's Q1 FY27 earnings show Flipkart boosted advertising revenue by 32% and improved profitability

Flipkart paused IPO plans and fundraising to focus on EBITDA breakeven in FY27

Flipkart Minutes delivers in under 13 minutes across over 30 Indian cities from 800 micro-fulfilment centres

Walmart reported its Q1 FY27 earnings, highlighting Flipkart and Flipkart Minutes for driving advertising momentum and improving profitability.
Flipkart Minutes has over 800 micro-fulfilment centres in India and delivers across more than 30 cities with an average delivery time of under 13 minutes.
Walmart International net sales reached $35.1 billion, up 18% year-on-year, and ecommerce sales grew 27%.
Walmart International advertising revenue rose 32% year-on-year, driven by Flipkart.
Walmart International operating income was $1.6 billion, up 23.9%.
Walmart asked Flipkart to prioritise EBITDA breakeven in FY27 and pause fundraising.
Flipkart deferred its IPO plans till at least next year and put a proposed $2 billion–$2.5 billion pre-IPO funding round on hold.
Flipkart Minutes is targeting 1,200 dark stores in the near term and exploring a standalone food delivery app and movie/live event ticketing services.

Flipkart Minutes launched in August 2024 and competes with Blinkit, Instamart, Amazon Now, Zepto, JioMart, and BigBasket.
Walmart owns an 80% stake in Flipkart and is prioritising profitability over growth.
The quick commerce segment is highly competitive in India, with players expanding rapidly.

Flipkart is an online shopping site for mobiles, electronics, furniture, grocery, lifestyle, books, and more.
It offers categories including fashion, mobiles, electronics, beauty, home appliances, toys, baby, food & health, auto accessories, sports & fitness, furniture, books, and two-wheelers.
Flipkart provides services such as Flipkart EMI, Pay Later, Gift Cards, Sell, Phone Plus, SuperCoin, and Value 365.
Flipkart Minutes delivers grocery, paan, and pharmacy items in under 13 minutes.
The company makes money through commissions, advertising, and logistics fees.

Flipkart is targeting EBITDA breakeven in FY27.
It plans to pilot food delivery in Bengaluru around June, with a wider launch by end of 2026 or early 2027.
Flipkart is exploring a standalone food delivery app and movie/live event ticketing services.
Flipkart Minutes aims to expand to 1,200 dark stores in the near term.