Flipkart-owned fashion e-tailer Myntra swung to a net loss of Rs 579 crore in fiscal 2026, against a Rs 548 crore net profit in FY25, according to financial statements filed with the Registrar of Companies (RoC). Myntra's operating revenue also fell 13% year-on-year (YoY) to Rs 5,243 crore during FY26.
Myntra was the only profitable unit within the Flipkart group in FY25. The company saw a leadership change in 2026, when CEO Nandita Sinha departed after four years at the helm. Sinha was replaced by Sharon Pais, who took over as the head of Myntra in April this year.
