Retailer Myntra Designs sees loss widening to Rs 744.4 crore in FY20

An employee works inside the office of Myntra in Bengaluru, India. Photo: Reuters

Online fashion retailer Myntra Designs saw its loss widening to Rs 744.4 crore for the financial year ended March 2020, according to regulatory documents.

The Flipkart Group company had registered a consolidated loss of Rs 539.4 crore for the financial year ended March 2019, as per a Registrar of Companies filing shared by market intelligence firm Tofler.

Myntra clocked a 57.8 per cent rise in its net total income to Rs 1,718.5 crore for FY20, as against Rs 1,088.8 crore for the financial year ended March 2019, it added.

Emails sent to the company did not elicit a response.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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