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-0.00051339973303211 -0.000256699866515982 -0.000256699866515982 -0.000308039839819295 -0.00200225895882527 0.00164287914570296 0.00102679946606437 0.00420987781086365
Stock impact report

Walmart's Flipkart unit key due to growth potential, Morgan Stanley says [Yahoo! Finance]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Yahoo! Finance
growth driver for the company due to its significant market share and potential in India's emerging middle class. While still a small part of Walmart's earnings, Flipkart is seen as increasingly important in the company's long-term strategy. The bank said that since Walmart acquired an ~80% stake in Flipkart in 2018 for $16 billion, the Indian eCommerce giant has seen its revenue more than triple, reaching approximately Rs700 billion ($8.5 billion) in the fiscal year ended March 31, 2024. This growth has helped raise its valuation to about $36 billion as of May 2024, according to Morgan Stanley. "Flipkart has gathered enough critical mass to warrant attention as part of WMT's business," the firm noted. Morgan Stanley emphasized Flipkart's leading role in India's e-commerce growth, with the company capturing around 40% of the market. "Since its founding in 2007... Flipkart has been at the forefront of the development of India's e-commerce industry," the analysts wrote. Th Show less Read more
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