Walmart’s latest quarterly results reveal impressive growth in international sales, largely bolstered by its e-commerce arm, Flipkart, along with operations in China and Mexico. In the second quarter of FY25, Walmart achieved approximately $30 billion in net sales from its international markets, reflecting an 8.3% year-on-year growth. This performance was complemented by an operating income of $1.4 billion.

Walmart’s Chief Financial Officer, David Rainey, emphasized the robust figures, noting that Flipkart experienced double-digit growth and significantly improved its operational metrics. The firm notably expanded its contribution margin, which suggests that products sold are increasingly profitable after covering fixed costs. Furthermore, Rainey highlighted a remarkable 50% growth in Flipkart’s grocery segment, alongside next-day delivery capabilities extending to over 200 cities in India.

Walmart’s overall e-commerce operations also thrived, with a reported 22% growth in the United States. The company’s total sales surged to more than $169 billion during the quarter. This success aligns with Flipkart’s strategic push into the quick delivery market, launching ‘Minutes’ services in Bengaluru, underlined by a recent funding infusion of about $1 billion.

The positive trends indicate a promising future for Walmart’s international ventures, especially as Flipkart gears up for a potential initial public offering, contingent on its sustained profitability. The growth trajectory underscores Walmart’s adeptness in adapting to evolving consumer expectations in the competitive e-commerce landscape.