Amazon India Units Trims Losses, Posts Moderate Revenue Growth In FY24
Portfolio Pulse from Ananthu C U
Amazon's India units have shown moderate revenue growth and reduced losses in FY24. Amazon Transportation Services increased revenue by 7.6% and reduced losses, while Amazon Wholesale saw a slight revenue decline but also reduced losses. Amazon Pay's revenue increased, and its losses narrowed significantly.
October 30, 2024 | 10:15 am
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Amazon's India operations have shown moderate growth and reduced losses in FY24. Amazon Transportation Services increased revenue by 7.6% and reduced losses, while Amazon Wholesale saw a slight revenue decline but also reduced losses. Amazon Pay's revenue increased, and its losses narrowed significantly.
Amazon's India units have shown positive financial results with moderate revenue growth and reduced losses. This is a positive indicator for Amazon's overall performance, especially in a growing market like India. The reduction in losses and increase in revenue for Amazon Pay and Transportation Services are particularly noteworthy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80