Flipkart Minutes drives Walmart International sales 18% higher

Walmart's India ecommerce unit Flipkart boosted international sales and profit in the quarter ended April 30 through expansion of its quick commerce service, Flipkart Minutes. Walmart International net sales rose 18% year on year to US$35.1 billion, and 10.1% in constant currency to US$32.8 billion. The growth was driven by ecommerce sales rising 27% and advertising revenue climbing 32%, both powered by Flipkart's performance. Operating income improved as Flipkart and China operations, combined with lower ecommerce losses, strengthened profitability.

Flipkart Minutes operational footprint

Flipkart Minutes operates more than 800 microfulfillment centers and delivers in under 13 minutes on average across more than 30 Indian cities. The service launched in August 2024 and now competes directly with Blinkit, Zepto, Swiggy Instamart, and Amazon in India's quick commerce market.

Walmart International financial performance

Walmart International net sales reached US$35.1 billion, representing an 18% year-on-year increase. In constant currency terms, sales grew 10.1% to US$32.8 billion. Ecommerce sales within the International segment increased 27%, while advertising revenue rose 32%, both attributed to Flipkart's contribution to the unit's overall performance.

Competitive landscape

Flipkart Minutes competes in India's quick commerce sector alongside established players including Blinkit, Zepto, Swiggy Instamart, and Amazon. The service entered the market through its August 2024 launch and has rapidly scaled its microfulfillment center network to support sub-13-minute delivery commitments.