Walmart-controlled e-commerce company Flipkart has secured approval from the Indian judicial body the National Company Law Tribunal (NCLT) to relocate its holding company from Singapore to India. The move advances the Bengaluru-based online retail company’s plans to go public, with an aim to submit draft initial public offering (IPO) papers in 2026, according to media reports. However, it has not set a definitive timeline for the listing. The tribunal has approved the merger of eight Singapore-register ...

Financial Data and Key Metrics Changes - Walmart International generates over $120 billion in net sales with $5.5 billion in EBIT, making it a significant segment for the company [3] - The company aims to reach a $200 billion GMV segment by 2028 and double its profit while increasing e-commerce penetration [14][15] Business Line Data and Key Metrics Changes - E-commerce accounts for nearly 25% of international net sales, with over 50% of sales in China being online [20] - The international segment is positioned as a growth driver for the enterprise, contributing positively to both top and bottom lines [12] Market Data and Key Metrics Changes - High growth markets identified include India, Mexico, and China, with a focus on unlocking omnichannel retail opportunities [8] - In India, e-commerce penetration is only about 9%, indicating significant growth potential [26] Company Strategy and Development Direction - The long-term goal for the international business includes entering new markets and growing profitability in existing ones [7] - The company is exploring marketplace entry strategies rather than traditional brick-and-mortar approaches [9] Management's Comments on Operating Environment and Future Outlook - Management emphasizes the importance of learning from past divestitures to strengthen the current portfolio [11] - The company is adapting its supply chain to build resiliency and diversify manufacturing bases in response to global challenges [18] Other Important Information - Walmart is focusing on digital inclusion in Mexico through initiatives like the Byte business, which offers digital connectivity at a discount [57] - The company is leveraging learnings from international markets to enhance its offerings and operational strategies [64] Q&A Session Summary Question: What are Walmart's long-term goals for the international business? - The company aims to curate high-growth markets and unlock omnichannel retail opportunities while remaining open to new market entries [8][9] Question: How does Walmart plan to improve profitability in international markets? - Management highlighted ambitions to double profits and increase e-commerce penetration while maintaining a focus on growth [14][15] Question: What challenges is Walmart facing in Mexico? - The company is addressing digital inclusion and competition while focusing on building a rich ecosystem for customer engagement [60][59] Question: How is Walmart adapting its supply chain in the current environment? - The company is building resiliency in its supply chain and diversifying manufacturing locations to mitigate risks [18][66] Question: What can be learned from the success of e-commerce in China? - Management noted the importance of quick delivery models and adapting successful strategies from China to other markets like India [44][45]