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Flipkart Ads powers Walmart’s Q2 advertising growth as India lifts international profit

Flipkart Ads helped drive Walmart’s Q2 advertising growth, while Walmart cited India as an operating-income driver. Flipkart plans food delivery, a Bengaluru pilot of premium grocery label Pykd via Minutes, and has deferred IPO and pre-IPO funding to prioritize profitability.

Newer report , , Financial Express : Flipkart targets October Bengaluru food-delivery launch with 15–20% restaurant cost cap

Read next

  1. Flipkart pilots Eat food delivery in Bengaluru and launches standalone Minutes app, , The Hindu BusinessLine
  2. Consumer panel orders Flipkart to refund ₹1.43 lakh over fake iPhone delivery, , Times of India
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Reported figures

From the report. Source details below

Walmart global advertising business grew 38%
Walmart International net sales were $35.2 billion, up 12.8% year-on-year from $31.2 billion
Constant-currency sales rose 7.9% to $33.7 billion
Walmart International ecommerce sales rose 19%
Flipkart's proposed pre-IPO funding round was $2-2.5 billion

Also in the report

  • Walmart advertising business grew 20% in Q2 FY27, led by Flipkart Ads
  • Operating income grew 28.8%, driven primarily by China and India
  • Q3 growth faces a headwind of over 100 basis points due to Flipkart Big Billion Days shifting from Q3 to Q4

The source

Source Read the source at Inc42 Published

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