Amazon Seller Services trims FY26 loss to ₹390 crore as revenue rises 15%

Amazon Seller Services reported FY26 operating revenue of ₹3,496.68 crore, up from ₹3,036.83 crore a year earlier, while net loss narrowed to ₹389.9 crore. The company also recorded about ₹172 crore in profit before income tax and finance cost.

— Source published Wed, 19 Aug, 2026, 09:36 IST · First seen Wed, 19 Aug, 2026, 10:38 IST · Source ET Retail

What happened

Amazon Seller Services narrowed its FY26 net loss to Rs 389.9 crore as operating revenue rose about 15% to Rs 3,496.68 crore. The Indian e-commerce arm

Key facts

  • FY26 net loss: Rs 389.9 crore
  • FY25 net loss: Rs 408.2 crore
  • FY26 profit before income tax and finance cost: around Rs 172 crore
  • FY26 revenue from operations: Rs 3,496.68 crore
  • FY25 revenue from operations: Rs 3,036.83 crore
  • Revenue growth: about 15%

Why this matters

Amazon’s improving unit economics in India reinforce the strategic value of its seller-services ecosystem and could support further ecosystem investments, partnerships, or selective capability acquisitions.

What to watch

  • Whether revenue growth remains above low-double digits while the net-loss reduction accelerates.
  • Disclosure of advertising, fulfillment-services and subscription revenue growth versus core marketplace fees.
  • Changes in delivery-speed promises, warehouse additions and quick-commerce partnerships or launches.
  • Seller-count growth, active selection expansion and third-party seller retention indicators.
  • Marketing, employee-benefit, technology and logistics-cost growth relative to revenue.
  • Competitive fee cuts, free-shipping offers or delivery investments from Flipkart, Meesho, Reliance and quick-commerce operators.
  • Any changes in Indian e-commerce, FDI, marketplace, data or antitrust regulation affecting Amazon's cost structure or operating model.
  • Increase emphasis on high-margin seller monetization, including advertising, fulfillment, premium logistics and seller tools.
  • Use improved operating leverage to selectively fund faster-delivery capacity and expansion beyond major metros.
  • Tighten marketplace economics through better shipping-cost recovery, seller-performance incentives and fraud/returns controls.
  • Highlight pre-finance-cost profitability to suppliers, sellers and regulators as evidence of a more sustainable India operating model.
  • Potentially pursue targeted fee, commission or fulfillment-pricing adjustments rather than broad-based consumer discounting.