Amazon India sales at Rs 21,633 crore; net loss at Rs 3649 crore in FY22
In FY 2021-2022, Amazon India’s Marketplace, Logistics, and Payments divisions all saw increased sales, while the Marketplace division also managed to reduce losses.
Nevertheless, according to regulatory filings from the trading analytics platform Tofler, the losses of the other two companies increased.
The company that runs the Amazon India marketplace, Amazon Seller Services, recorded a 32% increase in overall revenue to Rs21,633 crore on a stand-alone basis from Rs16,378 crore the previous year.
Additionally, the e-commerce platform was able to reduce net losses by approximately 23% from Rs 4,748 crore in FY21 to Rs 3,649 crore in FY21. exercise 22.
Amazon India’s marketplace division, which primarily competes with Walmart-owned Flipkart, makes money from a variety of sources, including sellers’ platform fees and additional services such as shipping. and advertising.
Deliveries cost Rs6,751.2 crore to Amazon seller services, down from Rs6,332 crore in FY21. Compared to Rs2,554.2 crore a year ago, it made Rs4,171.4 crore through advertising services.
The local shipping division of US e-commerce giant Amazon Transportation recorded total revenue of Rs4,581 crore in FY22, an increase of 12.6% from the corresponding period in 2017. A total of Rs4,068 crore in revenue was recorded by Transport Amazon for FY21.
Net losses in the shipping services division increased by more than 38% to Rs 95 crore in FY22 from Rs 68.7 crore in the prior year.
Amazon Pay India, Amazon’s distribution arm for payments and financial services, reported a 16% increase in revenue to Rs 2,052 crore in FY22. The fintech division of a major company e-commerce business saw an increase in total losses in FY22 from Rs 1,516 crore to Rs 1,740.8 crore. Along with other payment services, this section manages the Amazon Pay wallet and its offerings Unified Payments Interface (UPI).
For comments and suggestions, email us at Editorial@iifl.com