Marketplaces, fashion, quick commerce, payments
Walmart group
In FY26, PhonePe's revenue grew 11.5% year on year to ₹7,920 cr, with a net loss of ₹2,792 cr.
PhonePe's FY26, year on year
| Metric | FY25 | FY26 |
|---|---|---|
| Revenue +11.5% | ₹7,105 crore | ₹7,920 crore |
Figures as PhonePe's reports state them; ↗ opens the report. Growth is the reported year-on-year figure.
Each point is a figure its report states; tap a point to open the report.
What moved, biggest first
Flipkart promoted Suruchi Popli, who joined in August 2024 and earlier worked at Amazon and Mahindra Group, to Senior Director, Fashion, so rival fashion retailers face the same revenue and marketing lead at a higher rank.
Reported: Popli, who joined Flipkart in August 2024 as Director, Home & Furniture, moves up from Director, Fashion, where she led revenue, customer, growth and marketing. Her earlier career includes stints at Amazon and Mahindra Group. Flipkart promotes Suruchi Popli to Senior Director, Fashion.
BW Marketing World
Align SKU-level forecasting and nearby inventory with local demand density, tailoring delivery promises by product and location rather than committing universally to 10 minutes.
Reported: Walmart CTO: 10-minute delivery needs more than cheap labour
CNBC-TV18
Walmart’s planned 12-month, 50-startup cohort could expand its innovation pipeline, with operational value dependent on whether incubation produces deployable retail solutions.
Reported: Walmart Global Tech and IIMK LIVE launch Deep Leap startup programme. The programme aims to engage 1,500 Indian startups and select 50 for a 12-month incubation and acceleration cohort.
The Hindu BusinessLine
Flipkart has put a 22feet-created campaign with Food Pharmer behind OWN's Big Billion Days debut, so the sale now runs a new-brand launch tied to a prize of three months of protein for buyers.
Reported: Flipkart has launched a 22feet-created campaign introducing protein brand OWN (Only What's Needed) on its platform during Big Billion Days. It features Food Pharmer and is built around seven protein quality checks.
MediaBrief
PhonePe turns an abstract 70 crore user count into a concrete, watchable stunt (one speaker, 494 words per minute, about 980 days to name everyone), a template for brands that need to make scale felt rather than just stated.
Reported: PhonePe's anniversary film with Ogilvy has speed-speaker Shahu Supreme, who talks at 494 words per minute, try to name all 70 crore registered users. At that pace the task would take 980 consecutive days, which turns the scale milestone into the creative hook.
ET BrandEquity
Prioritize AI-ready product content and catalogue hygiene as Walmart’s CTO reports 35% larger baskets with Sparky and feature rollouts accelerating from six–seven months to weeks.
Reported: Walmart CTO credits Sparky AI with 35% lift in basket size
Business Standard
Use PhonePe’s reported reduction in selected audits from four days to three minutes as a benchmark for back-office AI pilots that preserve existing access controls, not evidence of readiness for consumer-facing rollout.
Reported: PhonePe says AI cuts selected audit processes from four days to three minutes
Inc42
Key numbers, latest reported season
| Business | Period | Revenue growth | Net profit |
|---|---|---|---|
| PhonePe | FY26 | +11.5% | Loss ₹2,792 cr |
| Flipkart | FY26 | Not stated | Loss ₹579 cr |
Year on year, as each business's own reports state it; each figure links to its report. Net profit growth, or the loss.
Businesses and brands
Flipkart 259 reports in 90 days
Myntra, Flipkart Minutes, Cleartrip, super.money, Ekart, Flipkart Fashion, Flipkart Shopsy, Flipkart Ventures
PhonePe 67 reports in 90 days
Group level: Walmart.
Who owns what: corporate.flipkart.net, the group's own site, and the companies' filings. Brands with no reports in the last 90 days are not listed.