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Myntra has achieved its first full year of profitability in FY24, reporting a profit of Rs 31 crore, a significant recovery from a loss of Rs 782 crore the previous year. Revenue increased by 15% to Rs 5,122 crore, driven by reduced expenses, which fell by approximately 3% to Rs 5,123 crore. While costs for materials, advertising, and IT decreased, employee benefit expenses rose compared to FY23.
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Myntra Achieves Profitability in FY24 with 15 Percent Revenue Growth
06:51 09.12.2024
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