Walmart CEO Doug McMillion revealed government regulations in India due to Covid 19 lockdown adversely impacted Flipkart’s business. According to the regulations, Flipkart (and other e-commerce players in India) could only deliver essential products to customers for a duration that ran into many weeks.

According to Walmart, operations in Mexico, China, Canada, and the UK made positive contributions to overall business. However, stalled operations in markets such as India, South Africa, and Central America offset any gains made.

The Walmart CEO mentioned that he expected greater volatility in sales to happen in Q2. The retail giant had earlier acquired Flipkart in 2018 for $16 billion.