Amazon India's revenue increased by 32% year-on-year, and its net loss narrowed by 23%

According to Amazon's official data, Amazon India's overall revenue in fiscal year 2022 increased by 32% from fiscal year 2021 to 216.33 billion rupees , compared with 163.78 billion rupees in the same period last year.

In addition, Amazon India has successfully controlled its loss trend, with its net loss in fiscal 2022 narrowing by 23% year-on-year to 36.49 billion rupees.

Amazon India's revenue mainly comes from several aspects, including platform service fees, shipping fees, advertising fees and other fees charged to sellers.

Amazon Logistics , Amazon 's local transportation service arm in India, reported total revenue of Rs 4,581 crore in FY2022 , up 12.6 % from the same period last year , compared with Rs 4,068 crore in FY2021 .

Amazon's payments and financial services arm Amazon Pay India reported 16% growth in revenue at Rs 2,052 crore in FY2022 .

It is reported that the department is responsible for operating the Amazon Pay wallet business and operating its Unified Payments Interface (UPI) products and other payment services.

Despite e-commerce giant Amazon investing more than $6.5 billion in India over the past nine years, the U.S. company’s business track record has been decidedly mixed, according to a recent report by research firm Bernstein.

Bernsetein said in its report that Amazon has attracted enough customers in India's first-tier cities , but is still relatively weak in second- and third-tier cities, and faces huge competitive pressure in some categories , such as competition from Indian companies such as Reliance in groceries .

In addition , the report said that the biggest challenge facing Amazon is regulatory resistance from the Indian government , as many of India's new e-commerce regulations favor local companies.

Amazon said it also struggled to generate significant growth in high-margin categories such as fashion and beauty and personal care, which are dominated by rivals Flipkart and Nykaa, respectively .

India’s foreign direct investment (FDI) policy prohibits overseas e-tailers such as Amazon from holding shares in sellers on their platform , forcing Amazon to make changes and shut down Cloudail, one of its largest platform merchants in which it held a stake .

Foreign media reported in June, citing Manish Tiwary, India regional manager of Amazon's consumer business, that this year marks the ninth anniversary of Amazon's entry into the Indian market , and it will increase its investment in social e-commerce and local stores to seek the next 500 million user growth .

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