Indian Fashion Startup Myntra Reports Financial Loss in Fiscal Year 2026

Bengaluru-based online fashion marketplace Myntra slipped into a financial loss during the fiscal year 2026, reporting a net loss of 582 crore INR. The performance marks a sharp downturn from the profit recorded in the previous fiscal year.

The drop was primarily triggered by a massive 53.2% crash in logistics and shipping service collections alongside elevated advertising expenditures. This downturn occurred amid corporate restructuring and a significant leadership transition under parent firm Flipkart Group.