Flipkart's contribution margin is positive and expanding: Walmart

Walmart executives, in an earnings call on Tuesday, said that Flipkart's contribution margin is positive and expanding. The e-commerce platform "is entering this year with good momentum", Walmart CEO Doug McMillon said. The US-based retail chain's international business saw its operating income dip 72% in Q4 in constant currency terms, primarily due to the separation of Flipkart and PhonePe.