Flipkart fashion arm Myntra says private labels post operating profit

Flipkart's fashion arm Myntra posts an operating profit in its private labels business in the past 2 months, CEO says it would help in achieving double-digit operating profit margin in next 18-24 months

Krishna V Kurup
Updated31 Aug 2017
Flipkart and its fashion arms Myntra and Jabong together control two-thirds of the country’s online fashion market. Photo: Hemant Mishra/Mint
Flipkart and its fashion arms Myntra and Jabong together control two-thirds of the country’s online fashion market. Photo: Hemant Mishra/Mint

Bengaluru: Flipkart’s fashion arm Myntra posted an operating profit in its private labels business in the past two months, the chief executive of Myntra said on Thursday, boding well for its business outlook.

This would help Myntra’s in-house brands portfolio post a double-digit operating profit margin in the next 18-24 months, Ananth Narayanan told reporters in Bengaluru, reiterating the firm’s target to become profitable by March 2018. Nine of the top 20 brands sold on its portal are Myntra’s own fashion labels, Narayanan said.

Flipkart, India’s leading homegrown online retailer, and its fashion arms Myntra and Jabong together control two-thirds of the country’s online fashion market.

Private labels are seen as lucrative, high-margin business for online marketplaces such as Amazon.com and Flipkart as they can control the sales, marketing and distribution of their products. Reuters

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeindustryretailFlipkart fashion arm Myntra says private labels post operating profit

Most Active Stocks

Bharat Electronics

258.85
07:19 AM | 18 MAY 2024
10.65 (4.29%)

Bandhan Bank

182.90
07:18 AM | 18 MAY 2024
1.7 (0.94%)

Zee Entertainment Enterprises

140.70
07:17 AM | 18 MAY 2024
5.75 (4.26%)

GAIL India

208.75
07:15 AM | 18 MAY 2024
4.9 (2.4%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Zydus Lifesciences

1,104.45
07:19 AM | 18 MAY 2024
52.55 (5%)

Balkrishna Industries

2,798.95
07:16 AM | 18 MAY 2024
133.25 (5%)

Bharat Dynamics

2,437.05
06:57 AM | 18 MAY 2024
116.05 (5%)

Hindustan Zinc

618.80
06:59 AM | 18 MAY 2024
29.45 (5%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    75,071.00-293.00
    Chennai
    74,851.00-367.00
    Delhi
    75,364.00-367.00
    Kolkata
    75,364.00587.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    99.84/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    HomeMarketsPremiumFor youGet App