Meesho Revenue Rises 48% as Net Loss Halves

Improved unit economics from scale plus AI point to progress toward profit with rising expenses sustaining segment losses.

Overview

Meesho reported unaudited Q1 FY27 consolidated revenue of Rs 3,713 crore, a roughly 48% year‑on‑year increase, and a net loss of about Rs 132–133 crore, down roughly 54% from the year‑ago quarter.
Platform volumes and engagement grew strongly with NMV up 34% to Rs 11,614 crore, annual transacting users rising to 274 million, and placed orders increasing to 725 million for the quarter.
Total expenses climbed about 43% year‑on‑year to Rs 3,959 crore, leaving the marketplace with an EBITDA shortfall of about Rs 139 crore and new initiatives with an EBITDA loss of Rs 39 crore.
The company recorded Rs 114 crore of non‑operating income that boosted total income to Rs 3,826 crore and approved the acquisition of Singapore‑based Kirana Club for Rs 202.08 crore to expand its retail and grocery capabilities.
Meesho is prioritising AI to cut innovation costs and speed product work while it contests a reported income‑tax demand and monitors fuel and wage pressures that could affect margins and seller economics ahead of the festive season.