SynopsisWalmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.APWalmart expects its growth to be impacted by about 100 bps in the next quarter due to Flipkart shifting its flagship sales event, Big Billion Days, from Q3 to Q4, the company said during its Q2 results on Thursday.“For Q3 sales guidance, we expect a headwind of over 100 bps to growth related to a timing shift of Flipkart’s Big Billion Days between Q3 and Q4,” said John David Rainey, executive vice president and chief financial officer, Walmart Inc, in the earnings presentation.Its India business drove the growth of Walmart International’s operating income and advertising revenue in the second quarter, with the advertising business growing 20% year-on-year (YoY), led by Flipkart Ads.Walmart International’s operating income was $1.4 billion (constant currency), up 16.6% YoY led by China and India. The company attributed this growth to lower losses in ecommerce and business mix changes across markets.In India, Walmart operates a horizontal ecommerce business under Flipkart and fashion ecommerce under Myntra. Both these platforms have launched quick commerce arms, Flipkart Minutes and M-Now. They offer delivery in 10-30 minutes through micro-fulfilment centres serving a 2-6 km radius.Flipkart has been expanding its quick commerce offering, Minutes, to compete with incumbents. In June, Minutes crossed the 1,000 dark stores mark, and plans to have about 1,500 in the coming months. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now