Latest News | Myntra Designs FY20 Loss Widens to Rs 744.4 Crore

Get latest articles and stories on Latest News at LatestLY. Online fashion retailer Myntra Designs saw its loss widening to Rs 744.4 crore for the financial year ended March 2020, according to regulatory documents.

New Delhi, Dec 24 (PTI) Online fashion retailer Myntra Designs saw its loss widening to Rs 744.4 crore for the financial year ended March 2020, according to regulatory documents.

The Flipkart Group company had registered a consolidated loss of Rs 539.4 crore for the financial year ended March 2019, as per a Registrar of Companies filing shared by market intelligence firm Tofler.

Myntra clocked a 57.8 per cent rise in its net total income to Rs 1,718.5 crore for FY20, as against Rs 1,088.8 crore for the financial year ended March 2019, it added.

Emails sent to the company did not elicit a response.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)

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