Flipkart extends India ecommerce lead, Myntra widens fashion dominance: BofA
BofA cites Sensor Tower DAU data showing Flipkart pulling ahead in Indian ecommerce while Myntra strengthens its grip on online fashion. Brokerage maintains Buy on MakeMyTrip, Eternal, Swiggy, Delhivery and Paytm, flagging resilient consumer demand over the next 12-18 months.
BofA report says Flipkart has extended its lead in Indian e-commerce and Myntra has widened dominance in online fashion, citing Sensor Tower DAU data. Brokerage maintains Buy on MakeMyTrip, Eternal, Swiggy, Delhivery, Paytm amid resilient consumer demand.
Why this matters
Reinforces Flipkart's sustained ecommerce lead and Myntra's fashion moat, echoing earlier BofA notes on demand momentum and Flipkart's $39B beauty market call as discretionary fears mount.
Retail-company signals steady at 3,346 over the past 90 days.