Walmart India has posted a marginal increase in turnover and a significant rise in losses in the financial year 2019.
According to the latest RoC filings, the wholesale unit of the company posted revenue at Rs 4,065 crore while its losses mount around 89% to Rs 171.68 crore compared to last year.
The company attributed increased losses in the period due to investment in future growth.
Walmart India investment in enhancing omnichannel capabilities also saw a rise in expenses to Rs 4,266 crore from Rs 3,778.47 crore in FY18, as per data research platform Tofler.
Continue reading Walmart India witnesses marginal rise in revenue, losses mount in FY19 at Entrackr.
