Myntra Sees Profit Skyrocket Beyond $50 Million During Fashion Frenzy in India

Myntra gains profitability. The Indian ecommerce company, partner of a large portfolio of international brands in the country such as Mango or Decathlon, has concluded its second year in profit with an upward trend. After closing 2024 with a net profit of almost three million euros, the company has increased its profits more than seventeenfold at the end of the last fiscal year, which ended in March 2025.

Based in southern India, the company ended the period with a net profit of 5.48 billion rupees ($61.2 million), according to information filed by Myntra with the national registry and collected by Apparel Resources. The Indian company has thus consolidated its business in the last financial year, after making a profit for the first time since its foundation in 2007, when it earned 310 million rupees ($3.5 million).

According to the same data, Myntra’s operating revenues rose by 18% year-on-year to 60.43 billion rupees ($685 million). Costs also rose, although at a slower rate of 12%, to 57.24 billion rupees ($615 million).

Myntra first profit in 2023 was 5.48 billion rupees (around $61 million) 

The company’s good results are a reflection of its positioning as the preferred partner for international fashion to enter the Indian market, which for several years has evolved from being just a supplier to also a business opportunity in terms of consumption. Its large population base, the largest in the world at over 1.4 billion inhabitants, and the growing middle class, have expanded the presence of companies in the territory.

At the end of May, the company launched an international division for its business, Myntra Global, sealing its first exit from its local market. The company chose Singapore as its first pilot test, where it launched a platform with up to 35,000 references from more than a hundred Indian fashion brands.

Myntra’s parent company, FK Myntra Holdings, is based in Singapore, similar to Shein, for example. The platform’s expansion into that market coincided with an investment of up to Rs. 10.62 billion ($120.4 million) by the company. Last year, Myntra received another 80 million from Flipkart, a Walmart-owned company that owns the platform.