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Technology & AI Economic Times Tech • Oct 15, 2026

Myntra FY26 Financial Results: Net Loss of Rs 579 Crore and 13% Revenue Drop Follow Leadership Shakeup

💡 Key Takeaways

•Myntra recorded a net loss of Rs 579 crore in FY26.
•Company revenue dropped by 13% year-on-year.
•Sharon Pais took over as CEO following Nandita Sinha's departure.

BENGALURU [NCRBuzz Wire] — **Fashion e-commerce major Myntra has slipped into a net loss of Rs 579 crore for FY26, accompanied by a steep 13% contraction in its overall revenue.** This sharp financial reversal marks a dramatic shift for the company, which previously stood out as the only profitable operational unit within the broader Flipkart group during the FY25 fiscal cycle.

### Leadership Transition and Executive Shift

**The financial downturn closely mirrors a major executive restructuring at the helm of the fashion retailer.** Former CEO Nandita Sinha officially stepped down in 2026 after steering the company successfully for four years. Stepping into the vacant leadership role, Sharon Pais has taken over as the new head of Myntra, inheriting a challenging macroeconomic and competitive retail landscape.

### Financial Performance Overview

| Metric / Aspect | Details |

|---|---|

| Financial Year | FY26 |

| Net Financial Result | Net Loss of Rs 579 Crore |i|

| Revenue Trajectory | 13% Year-on-Year Drop |

| Previous Profitability Status | Sole Profitable Flipkart Unit in FY25 |

| Leadership Change | Sharon Pais Replaced Nandita Sinha |

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🏛️ Background Context

Myntra's financial transition in FY26 reflects broader economic headwinds in India's D2C and e-commerce sectors, where aggressive discounting, rising customer acquisition costs, and intensifying competition from quick-commerce and vertical platforms continue to pressure operational margins.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What was Myntra's financial performance in FY26?

Myntra posted a net loss of Rs 579 crore and experienced a 13% drop in revenue during FY26.

Q2: Who is the current head of Myntra?

Sharon Pais took over as the head of Myntra following the departure of former CEO Nandita Sinha in 2026.

Q3: How did Myntra perform in the previous fiscal year?

In FY25, Myntra was recognized as the sole profitable operational unit within the broader Flipkart group.

Verified Wires: Economic Times Tech Original Wire Dispatch ↗

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