Amazon India marketplace revenue rises 19% as loss shrinks 89%

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Amazon’s India marketplace business delivered a sharp improvement in FY25, with revenue from operations rising 18.6% year-on-year to ₹30,138.6 crore while net loss fell about 89% to ₹374.3 crore. The numbers matter because they show Amazon gaining operating leverage in India even as ecommerce players spend heavily on logistics, faster delivery and customer acquisition.

Marketplace services remained the biggest engine. Revenue from those services rose 21% to ₹17,328 crore, while advertising revenue increased 25% to ₹8,342 crore, according to reported regulatory filings. Total expenses rose only 6% to ₹30,865.6 crore, substantially slower than operating revenue.

That gap is the key signal. Amazon is generating more income from seller services and advertising without allowing costs to rise at the same pace. Employee benefit expenses fell to ₹2,656 crore, while payment-processing costs declined 15% to ₹1,789 crore.

Amazon is simultaneously pushing deeper into faster fulfilment. India Country Manager Samir Kumar has said, “Cost reduction and speed improvement are universal customer desires.” The company has been expanding faster-delivery formats while continuing to invest in its fulfilment network.

The strategic question is whether that investment preserves the margin gains visible in FY25. Faster delivery can lift order frequency and retention, but dense fulfilment networks also raise fixed costs.

For Amazon India, the next test is therefore less about growth alone and more about whether marketplace, advertising and logistics scale can keep expanding without pushing losses back up.