Walmart India slashes losses by 68% YoY to Rs 154 Cr in FY24

Quick Summary:

Additionally, Walmart India managed to cut total expenses by 2.45%, bringing them down to Rs 5,354 crore in FY24 from Rs 5,484 crore in FY23, financial statements showed.

In addition to its wholesale business, Walmart owns ecommerce major Flipkart, which managed to cut its losses by 13.2% to Rs 4,248 crore in FY24.

The company generates revenue through its wholesale trading operations, with major contributions via both food and non-food products.

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Article Details

Author / Journalist: Bhuvana Kamath

Category: StartupsEconomyBusiness

Markets: India

Topics: Crore India Total Managed Policy Fy24 Fy23 Walmart Financial Privacy Expenses

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 17:47:30 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 272 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

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News ID: 23366132

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