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Walmart India Posts Strong Revenue Growth In 2016

November 14, 2016: 12:00 AM EST
Walmart India reported revenue grew 7 percent to Rs 3,996.8 crore for the 15-month period ending March 2016, compared with the 12-month period ending December 2014. Although sales grew 34 percent, the company grow 7 percent on an annual basis. Also, losses dropped from Rs 232.2 crore to Rs 140.4 crore during the same period. Walmart also opened a new store, taking the company's store count to 21, after more than two years of not adding a new location.
Sagar Malviya, "Walmart India revenue rises 7% as sales jump 34%", Economic Times, November 14, 2016, © Bennett, Coleman & Co. Ltd.
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