Walmart reports double-digit growth in their consumer base and topline during Flipkart's Big Billion Days.

SUMMARY: Thanks to strong sales growth from Flipkart, US-based retail giant Walmart recorded an 8% year-over-year (YoY) increase in its overseas sales to $30.3 billion in Q3 FY25. The parent company of Flipkart attributed the quarter's spike in net sales to the e-commerce giant. Compared to the same period last year, the company's gross profit rate increased to 24.2% for the quarter from 24.1%.Flipkart's strong sales growth helped US-based retail giant Walmart record an 8% year-over-year (YoY) increase in its worldwide sales to $30.3 billion in Q3 FY25. According to the FlipkartFlipkart Datalabs_in-article-icon parent company's quarterly financial presentation, marketplace and store-fulfilled pickup and delivery drove a 43% increase in e-commerce sales. Walmart attributed the increase spurt to Flipkart's The Big Billion Days (BBD). Flipkart's earnings presentation stated that the company's BBD event was "positively affected by the timing, which shifted from Q4 last year to the majority in Q3 this year."Additionally, Walmart reported that Flipkart drove a 50% growth in its advertising business during the quarter. For the quarter, the company's gross profit rate increased to 24.2% from 24.1% during the same period last year. Walmart said that the schedule change of Flipkart's BBD sales event largely negated the increase.

In the meantime, the shift in BBD scheduling caused Walmart International's gross profit rate to drop by 85 basis points. Growth in Q3 benefited from Flipkart's BBD event timing, while growth in Q4 will be impacted. The company reported a 43% increase in e-commerce revenues, driven by marketplace and store-fulfilled pickup and delivery.Flipkart reported last month that it received 7.2 billion visitors during this year's holiday season. It further stated that over the holiday season, vendors saw a 40–50% YoY increase. In the third quarter, Walmart's operating income was $6.7 billion. This was a 14% decrease from the $7.9 billion in the previous quarter, but an 8% gain over the $6.2 billion in the previous year. Flipkart is currently trying to reduce its losses and strengthen its top line.  In the fiscal year 2023-24 (FY24), Flipkart Internet, the company's marketplace division, reported a 41% YoY decrease in its net loss to INR 2,358 Cr. Over the course of the year, its operating revenue increased by 21% to INR 17,907.3 Cr.