e-commerce
Amazon India’s marketplace revenue rises 17 per cent to Rs 35,574 crore
Net loss widens 4 per cent to Rs 390 crore as expenses climb alongside revenue
MUMBAI: Amazon’s India marketplace is growing, but the profit needle is still taking its time. Amazon Seller Services, which operates Amazon India’s marketplace business, reported a 17 per cent rise in total revenue to Rs 35,574 crore in FY26, even as its net loss widened 4 per cent to Rs 390 crore, according to financial data from business intelligence platform Tofler.
Total revenue stood at Rs 30,491 crore in FY25, while revenue from operations rose 16 per cent to Rs 34,967 crore in FY26 from Rs 30,139 crore a year earlier. Other income also increased to Rs 607 crore, compared with Rs 353 crore in FY25.
But the bigger top line came with a bigger cost bill. Total expenses climbed 16 per cent to Rs 35,803 crore during FY26 from Rs 30,866 crore in the previous year. This left the company with a loss before tax of Rs 229 crore, compared with Rs 374 crore in FY25.
A deferred tax expense of Rs 161 crore then pushed the final net loss to Rs 390 crore, against Rs 374 crore a year earlier.
The result also marks a shift from the dramatic loss reduction Amazon Seller Services delivered in FY25. The company had slashed its net loss by 89 per cent, from Rs 3,470 crore in FY24 to Rs 374 crore in FY25, while revenue grew 19 per cent to Rs 30,491 crore.
FY26, therefore, tells a more mixed story: revenue continues to grow at a double-digit pace, but expenses are rising almost in lockstep, leaving the marketplace business still in the red.
The numbers come as Amazon continues to expand its India operations across its marketplace, fulfilment and logistics infrastructure. The company is also putting greater focus on newer businesses, including its rapid-delivery service Amazon Now, as competition across India’s e-commerce and quick-commerce markets intensifies.
For Amazon’s India marketplace, the latest financial year ultimately comes down to a familiar e-commerce equation more revenue, more spending and more ground to cover before growth translates into profits.
