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Walmart’s international sales growth in Q4 driven by Flipkart, Mexico and China units

Economic Times

Economic Times · 1y ago

Walmart’s international sales growth in Q4 driven by Flipkart, Mexico and China units

International sales growth for Walmart in the fourth quarter was driven by Flipkart in India, Walmex in Mexico, and strong performance in China during festive events. The timing of Flipkart's The Big Billion Days event, which moved from the third quarter to the fourth quarter, positively affected overall and ecommerce sales growth. Walmart International's net sales increased to $32 billion in Q4, although its gross profit rate declined due to the event timing shift. Operating expenses decreased, and international sales grew by 13%, with ecommerce sales increasing by 44%.

Related News

Buoyed By Flipkart's Big Billion Day Sale, Walmart’s Sales Zoom

Inc42 · 9m ago

Buoyed By Flipkart's Big Billion Day Sale, Walmart’s Sales Zoom

Walmart reported an 8% YoY growth in international sales to $30.3 Bn in Q3 FY25, thanks to solid sales growth by Flipkart. Walmart credited Flipkart for driving the growth in net sales during the quarter. The company's gross profit rate also saw a slight increase from the same period last year.

Flipkart pulls Walmart's advertising business and global sales

YourStory

YourStory · 3m ago

Flipkart pulls Walmart's advertising business and global sales

Walmart's advertising business surged by 20% in Q1, driven by Flipkart's successful operations. Global net sales increased by 7.8% to $32.1 billion, fueled by growth in China, Flipkart, and Walmex. Despite improvements, the operating income for the international segment decreased due to investments in Flipkart, Walmex, and Canada. Flipkart is expanding its quick commerce with Flipkart Minutes, targeting 800 dark stores by year-end. Morningstar notes potential future growth from Walmart's investments in Flipkart and PhonePe.

Walmart International’s margins squeezed by Flipkart, Myntra quick commerce bets - The Economic Times

Economic Times

Economic Times · 5d ago

Walmart International’s margins squeezed by Flipkart, Myntra quick commerce bets - The Economic Times

Walmart International's gross profit declined in the June quarter due to increased investment in India's quick commerce sector through Flipkart and Myntra. The company is enhancing its rapid delivery capabilities amidst fierce competition from Blinkit, Swiggy Instamart, and Zepto. Walmart plans to expand its 15-minute delivery services with numerous fulfillment centers. Despite the profit dip, Walmart International reported a 5.5% increase in net sales, primarily driven by its operations in India, China, and Mexico.

Flipkart’s Big Billion Day Lifts Parent Walmart’s Q4 Sales, But Profit Margin Takes A Hit

Inc42 · 1y ago

Flipkart’s Big Billion Day Lifts Parent Walmart’s Q4 Sales, But Profit Margin Takes A Hit

Flipkart's annual Big Billion Days sale helped boost Walmart's international sales growth in the last quarter. The event attracted around 1.4 billion customers and saw strong seller growth, with transacting sellers experiencing a 2.5x increase in business. However, the timing of the Big Billion Days sale negatively impacted gross margins. Flipkart's growth in India continues in double digits, and its digital payments platform, PhonePe, is processing over 6 billion monthly transactions and has reached 1.4 trillion in annual total payment volume. Flipkart and PhonePe, both owned by Walmart, are yet to achieve profitability in India.

Tata Motors August sales drop slightly from August 2022 with 78,010 units sold

IndianStartupNews

IndianStartupNews · 1y ago

Tata Motors August sales drop slightly from August 2022 with 78,010 units sold

Tata Motors, the Indian automotive giant, reported a slight decrease in total sales for both domestic and international markets in August 2023, with sales dropping to 78,010 units from 78,843 units in August 2022. Domestic sales dipped marginally from 76,479 to 76,261 units, and passenger vehicle sales, including electric vehicles, decreased by 3% from 47,351 to 45,933 units. However, commercial vehicle sales increased by 1.9% to 32,077 units compared to 31,492 units in August 2022, maintaining growth in this segment.

Suzuki Motorcycle India sales down 2.7% at 1,13,600 units in July

Economic Times

Economic Times · 27d ago

Suzuki Motorcycle India sales down 2.7% at 1,13,600 units in July

Suzuki Motorcycle India reported a 2.7% decline in total sales, recording 1,13,600 units in July 2025 compared to 1,16,714 units in July 2024. Domestic sales decreased to 96,029 units from 1,00,602 units in the previous year. However, exports increased to 17,571 units compared to 16,112 units in the same period last year. This decline highlights challenges in the domestic market, although there is growth in international sales for the company.

Tesla's June China-made EV sales see first rise in nine months - The Economic Times

Economic Times

Economic Times · 1m ago

Tesla's June China-made EV sales see first rise in nine months - The Economic Times

Tesla's sales of China-made electric vehicles increased by 0.8% in June to 71,599 units, breaking an eight-month declining trend. Deliveries of Model 3 and Model Y from the Shanghai factory, covering both China sales and exports, were up 16.1% from May, according to the China Passenger Car Association. Despite increasing competition from lower-cost models by Chinese rivals, global sales of Tesla's significant competitor, BYD, rose 11% year-on-year to 377,628 units in June.

Domestic passenger vehicle sales rise 11% in February: SIAM

Money Control

Money Control · 1y ago

Domestic passenger vehicle sales rise 11% in February: SIAM

According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales in India increased by 11% in February compared to the same month last year. The growth was driven by the demand for sports utility vehicles (SUVs). The total number of passenger vehicles delivered to dealers reached 370,786 units, marking the highest-ever sales for February. Additionally, two-wheeler sales rose by 35% to 1,520,761 units, while three-wheeler sales also saw an increase. The positive performance is attributed to the country's strong GDP growth in the third quarter of the fiscal year 2023-2024.

TVS leads May EV 2W sales, Bajaj narrows gap as Ola Electric slips to third

Entrackr

Entrackr · 2m ago

TVS leads May EV 2W sales, Bajaj narrows gap as Ola Electric slips to third

In May 2025, the electric two-wheeler (E2W) segment achieved retail sales of 100,266 units, the second-highest monthly figure of the year. TVS Motor led the market with 24,560 units sold, a 107% year-on-year (YoY) growth, securing a 24% market share. Bajaj Auto followed closely with 21,770 units, a 135% YoY growth, holding a 22% market share. Ola Electric experienced a 51% YoY sales decline to 18,499 units but maintained an 18% market share. Ola slipped to third position behind Bajaj. Ather Energy sold 12,840 units, representing a 109% increase, gaining a 13% market share and surpassing Ola Electric in Q4 FY25 revenue with Rs 676 crore compared to Ola's Rs 611 crore. Hero MotoCorp re-entered the EV market with a 191% sales increase to 7,164 units.

TVS Motors September sales grow 6% YoY to 4.2 lakh units

Livemint

Livemint · 1y ago

TVS Motors September sales grow 6% YoY to 4.2 lakh units

TVS Motor Company reported a 6% YoY growth in total sales for September 2023, reaching 402,553 units compared to 379,011 units in the same period last year. Two-wheeler sales increased by 7% to 386,955 units, while motorcycle sales rose 10% and scooter sales increased by 8%. The company's exports also grew by 8% to 100,294 units. However, three-wheeler sales declined to 15,598 units.

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