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Resurfacing a September 2025 filing: Myntra's FY25 net profit jumped 18-fold to Rs 548 crore on 18% revenue growth, helped by a tax credit
Myntra's net profit rose to Rs 548 crore in FY25 from Rs 31 crore a year earlier, an 18-fold jump. Operating revenue grew 18 per cent to Rs 6,043 crore, and a Rs 135 crore deferred tax credit partly aided profit.
The numbers
Figures from Business Standard,
| FY25 total expenses: | Rs 5,724 crore |
|---|---|
| Funding from FK Myntra Holdings: | Rs 1,062.5 crore |
| Flipkart Internet FY25 revenue: | Rs 20,493 crore |
Why it matters to operators and investors
Myntra grew revenue 18% to Rs 6,043 crore while keeping expenses at Rs 5,724 crore, which shows that scale in fashion ecommerce can now produce real margin, so rivals should expect pressure on their own cost-to-serve and discounting.
What to watch next
- FY26 revenue growth against the 18% FY25 pace
- Expense growth versus revenue growth in the next annual filing
- Net profit in FY26 with no comparable deferred tax credit
- Discount or fast-delivery moves by Myntra's main fashion rivals
- Parent-company disclosures that break out Myntra's contribution
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Myntra is likely to keep presenting profitability as a strategic priority and lean on the Rs 548 crore net profit, while the Rs 135 crore tax credit gets less emphasis.
- Analysts and investors are likely to strip the deferred tax credit out of the FY25 figure and judge Myntra on the gap between Rs 6,043 crore revenue and Rs 5,724 crore expenses.
- Rival fashion platforms may respond to a profitable Myntra with sharper discounting, faster delivery promises or private-label pushes to defend share.
- Myntra's parent is likely to use the turnaround from Rs 31 crore to Rs 548 crore as evidence of unit-economics progress in investor and capital-raising conversations.
- Myntra may step up investment in categories and services that support the 18% growth rate, if management sees room to do so without erasing the margin gain.
The source
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