Walmart (WMT) recently reported its first quarter fiscal 2026 financial results. While the retail giant once again impressed with its bottom line performance and surpassed the Street’s forecast, concerns around rising tariffs and their impact on its margins remain front and center.

Walmart reported 20% growth in international ad business, driven by Flipkart, which earned Rs 5,000 crore from ads. Net sales rose 7.8% to $32.1 billion, but operating income dropped 6.4% due to investments.

Flipkart led from the front as the ecommerce major contributed lion’s share to the growth of Walmart international’s ad business in Q1 FY26.

While Walmart still heavily depends on Chinese manufacturing, it has taken steps to diversify its supply chain.

Flipkart is steadily ramping up its quick commerce offering with Flipkart Minutes, which comes with heavy expenditures in setting up new dark store networks and high customer acquisition costs.

Walmart International's sales rose 7.8% in Q1, boosted by Flipkart, China, and Walmex. E-commerce sales jumped 20%, driven by Flipkart's growth.

In the first quarter of FY26, Walmart reported a 7.8% growth in international business, significantly driven by its Indian e-commerce venture, Flipkart, and operations in China and Walmex. Despite revenue increases,

Walmart-backed Flipkart, in 2023, joined Climate Group’s global initiative to move to a 100% electric last-mile delivery fleet by 2030. In an interview with YourStory, Nishant Gupta, Head of Sustainability,

Flipkart, owned by Walmart, is experiencing a significant management reshuffle with several Senior Vice Presidents and Vice Presidents exiting the company.

New Delhi: Flipkart-owned Myntra announced on Monday its entry into international shipping, starting with Singapore, to cater to the substantial Indian diaspora overseas.