Amazon Retail’s FY26 loss widens 194% to Rs 1,158 crore

Amazon Retail posted a Rs 1,158.3 crore loss in FY26, widening 194% year-on-year as expenses outpaced revenue growth. Amazon Now operates 800 dark stores across more than 120 cities in India and targets around 1,300 stores by April next year.

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The numbers

FY26 revenue from operations: Rs 3,065.1 crore
FY26 operating revenue growth: 50%
Amazon Retail FY26 expenses: Rs 4,238.7 crore

Why it matters to operators and investors

Amazon Retail’s 194% loss increase to Rs 1,158 crore outpaced 50% revenue growth, raising the burden of proof that greater scale can deliver profitability.

What to watch next

  • Dark-store opening updates against the April 2027 target
  • The revenue-expense gap in Amazon Retail’s next annual filing
  • Disclosures of additional parent funding
  • Reported changes in orders per store or repeat purchasing