Snapdeal has posted an 88% drop in its consolidated losses to ₹613 crore in the financial year 2018 from ₹4,647.1 crore the previous year, as per filings. However, Snapdeal reported a decline in consolidated revenue from operations to ₹436.1 crore for 2017-18 from ₹903.8 crore for the previous fiscal. The promotion expenses were reduced by 88% year-on-year, the company added.