Results · Commerce & Consumer Brands

Flipkart Ads lead Walmart's global ad growth

By Startup Enthusiast · 20 August 2026

What they do

Flipkart is an online marketplace selling mobiles, electronics, furniture, grocery, and more

Walmart Q2 FY27 earnings show Flipkart Ads led its global advertising business, which grew 38%

Flipkart paused IPO plans and a $2-2.5B pre-IPO round to focus on profitability

Walmart reported Q2 FY27 earnings, with its global advertising business growing 20%, led by Flipkart Ads.
Walmart's overall advertising business grew 38% in the quarter.
Walmart International net sales reached $35.2B, up 12.8% year-over-year.
Walmart International constant currency sales were $33.7B, up 7.9%.
Walmart International operating income grew 28.8%, driven by China and India.
Walmart International ecommerce sales grew 19%, led by store-fulfilled pickup/delivery and marketplace.
Walmart CFO John David Rainey said Q3 sales guidance faces a headwind of >100 bps due to the timing shift of Flipkart Big Billion Days between Q3 and Q4.
Flipkart plans to launch a food delivery service in the coming weeks, per group CEO Kalyan Krishnamurthy.

Flipkart's advertising business is a key growth driver for Walmart's global ad revenue.
The timing shift of Big Billion Days affects Walmart's quarterly sales guidance.
Flipkart has halted its IPO plans and a proposed $2-2.5B pre-IPO funding round to focus on margin improvement.
Flipkart is expanding into food delivery and premium grocery under its private label Pykd.

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, food & health, auto accessories, sports & fitness, furniture, books, and 2 wheelers.
Flipkart provides services such as Credit Card, Flipkart EMI, Pay Later, Flipkart Pay, Gift Cards, Sell, Phone Plus, Originals, Next-Gen SuperCoin, Value 365, and Brands in Spotlight.
Flipkart operates verticals including Minutes Grocery Store, Minutes Paan Store, Minutes Pharmacy Store, and runs the Big Billion Days sale event.
Flipkart Minutes plans to enter premium grocery and specialty foods under its private label Pykd, starting with a pilot in Bengaluru.

Flipkart plans to launch a food delivery service in the coming weeks.
Flipkart Minutes will pilot premium grocery and specialty foods under private label Pykd in Bengaluru.
Flipkart has halted IPO plans till at least next year, focusing on profitability.
A proposed $2-2.5B pre-IPO funding round is on hold to focus on margin improvement.