Walmart Exec Says Last Two Quarters For Myntra Apparel Business In India Has Been EBITDA Positive
Portfolio Pulse from Benzinga Newsdesk
Walmart's executive announced that the last two quarters for Myntra's apparel business in India have been EBITDA positive, indicating strong financial performance.
June 07, 2024 | 6:27 pm
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Walmart's executive revealed that Myntra's apparel business in India has been EBITDA positive for the last two quarters, indicating strong financial performance and potential growth in the Indian market.
The positive EBITDA for Myntra's apparel business in India suggests that Walmart's investment in the Indian market is paying off. This could lead to increased investor confidence and a potential short-term boost in Walmart's stock price.
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