Flipkart’s Myntra says to be profitable by 2018

Photo credit : vukvuk / 123RF.

Flipkart’s fashion unit Myntra says it will be profitable in financial year 2018, as the company reaps benefits of fewer discounts, a boost from buying rival Jabong, and a recently-concluded festive season.

Myntra and Jabong will both be retained as separate brands, CEO Ananth Narayanan said at a media briefing in Bangalore on Thursday.

See: Why Myntra ‘lost conviction’ and went back to the website (yes, finally)

“[We have] over 18 million monthly...

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