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Meesho Limited Reports Q1 FY27 Results: Operational Revenue Surges 48% YoY to ₹37,128 Million as Losses Narrow

Posted On : 2026-07-24 10:41:00( TIMEZONE : IST )

E-commerce platform Meesho Limited has reported its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company recorded strong top-line momentum, driven by expansion in its core marketplace business, while significantly narrowing its net loss compared to the corresponding period of the previous year.

Revenue from operations grew 48.3% year-on-year to ₹37,128.11 million (approx. ₹3,712.8 crore), compared to ₹25,038.66 million in Q1 FY26 and ₹35,312.12 million in the sequential quarter ended March 31, 2026.

Total income for the quarter stood at ₹38,264.03 million, up from ₹26,299.58 million in Q1 FY26, supported by an other income contribution of ₹1,135.92 million.

Financial Highlights - Q1 FY27

Revenue from Operations: ₹37,128.11 million (+48.3% YoY vs. ₹25,038.66 million)

Total Expenses: ₹39,592.38 million (vs. ₹27,776.45 million in Q1 FY26)

Loss Before Tax (LBT): ₹1,328.35 million (Narrowed from a loss of ₹2,400.92 million in Q1 FY26)

Net Loss for the Period: ₹1,328.35 million (Narrowed by 54.1% YoY from ₹2,893.58 million in Q1 FY26)

Total Comprehensive Loss: ₹1,546.31 million (vs. ₹2,898.55 million in Q1 FY26)

Basic & Diluted EPS: ₹(0.28) per share (Face value Re. 1 each)

Operational Expenditure Analysis

Total consolidated expenses for Q1 FY27 reached ₹39,592.38 million, up from ₹27,776.45 million in the year-ago period. A breakdown of key expense heads includes:

Other Expenses: ₹36,943.79 million (vs. ₹25,609.58 million in Q1 FY26)

Employee Benefits Expense: ₹2,430.77 million (vs. ₹2,072.61 million in Q1 FY26)

Depreciation and Amortisation Expense: ₹196.56 million (vs. ₹79.80 million in Q1 FY26)

Finance Costs: ₹21.26 million (vs. ₹14.46 million in Q1 FY26)

Notably, no exceptional items were charged during the quarter under review, whereas Q1 FY26 had registered an exceptional expense of ₹924.05 million.

Segment-Wise Performance

Meesho's primary operational stream remains its core e-commerce marketplace, supplemented by strategic new initiatives.

Segment Revenue:

Marketplace: ₹37,070.95 million (vs. ₹25,024.87 million in Q1 FY26)

New Initiatives: ₹57.16 million (vs. ₹13.79 million in Q1 FY26)

Segment Results:

Marketplace: Loss of ₹1,389.21 million (Improved from a loss of ₹1,484.41 million in Q1 FY26)

New Initiatives: Loss of ₹392.98 million (vs. a loss of ₹166.61 million in Q1 FY26)

Capital Structure

As of June 30, 2026, Meesho's paid-up share capital stood at ₹4,608.66 million (Face value Re. 1 per share), while other equity was reported at ₹39,299.66 million.

Dhiresh Bansal, Chief Financial Officer at Meesho, said, "Our Q1 performance reflects the strength of Meesho's operating model. We delivered 34% year-onyear NMV growth, while Contribution Margin expanded to 4.6%, Marketplace Adjusted EBITDA improved to (1.2%) of NMV, and Last Twelve Months Free Cash Flow improved by approximately 15%. This quarter also marked our strongest Contribution Margin and Marketplace Adjusted EBITDA since listing, despite higher fuel costs and minimum wage increases in certain states, reflecting the structural improvements we've made across our platform.

AI is becoming foundational across every layer of our business, from product discovery and seller growth to logistics and engineering. This quarter alone, Meesho processed nearly 725 million orders, averaging more than 90 orders every second, demonstrating the scale at which these systems now operate. As AI continues to lower the cost of innovation, we believe it will help us build better products faster while maintaining disciplined capital allocation and creating long-term value."