Mumbai–E-commerce company Meesho Limited reported a consolidated net loss of Rs 132.8 crore for the first quarter of fiscal 2027, narrowing sharply from a loss of Rs 289.3 crore a year earlier.
Revenue from operations increased 48.3 percent to Rs 3,713 crore for the quarter ended June 30, 2026, compared with Rs 2,504 crore in the same period last year, according to a stock exchange filing.
The company attributed the revenue growth to higher order volumes and an increase in the number of customers using its platform.
“AI is becoming foundational across every layer of our business, from product discovery and seller growth to logistics and engineering,” said Dhiresh Bansal, Chief Financial Officer at Meesho.
Meesho’s loss before interest, taxes, depreciation and amortization narrowed to Rs 224.7 crore from Rs 264.4 crore in the year-ago quarter.
The company also announced a Rs 75 crore investment in its subsidiary, Meesho Groceries, as it works to expand its grocery business.
Net Merchandise Value rose 34 percent year over year to Rs 11,614 crore during the June quarter, while marketplace revenue increased 48 percent to Rs 3,707 crore.
Meesho said its contribution margin improved by 54 basis points from the previous quarter to 4.6 percent of Net Merchandise Value. Marketplace adjusted EBITDA improved to negative 1.2 percent of NMV.
The platform’s annual transacting users increased 29 percent to 274 million. Annualized purchase frequency rose to 10.3 transactions per user.
Customers placed 725 million orders during the quarter, up 29 percent from a year earlier. Prepaid transactions accounted for about 37 percent of all shipped orders.
Meesho’s free cash flow for the trailing 12 months improved to negative Rs 537 crore from negative Rs 633 crore in the previous quarter.
Ahead of the earnings announcement, Meesho shares closed 0.48 percent lower at Rs 188.95 on the National Stock Exchange. The benchmark Nifty index declined 0.53 percent during the session. Meesho shares have gained nearly 5 percent since the beginning of the year. (Source: IANS)
