Meesho Q2 FY27 Results: Net Loss Narrows 68% to ₹1,324.5 Crore

Meesho Limited reported a consolidated net loss of ₹1,324.5 crore in Q2 FY27, down 68% from ₹4,113.6 crore in the same quarter last year. Revenue from operations increased 34.4% to ₹4,131.6 crore from ₹3,073.7 crore. However, the loss was higher than analyst estimates of ₹1,200 crore.

Meesho Q2 FY27 Financial Results

Financial Metric	Q2 FY27	Q2 FY26
Consolidated Revenue	₹4,131.6 crore	₹3,073.7 crore
Consolidated Net Loss	₹1,324.5 crore	₹4,113.6 crore
Standalone Revenue	₹2,510.8 crore	₹1,391.1 crore
Standalone Net Profit	₹1,895.3 crore	₹223.6 crore

Standalone profit includes other income and is not directly comparable due to the business restructuring.

User and Order Growth

Meesho's platform continued to expand during the quarter:

• Annual transacting users: 284 million, up 21%.
• Orders placed: 819 million, up 17%.
• Net Merchandise Value (NMV): ₹12,911 crore, up 23%.
• Annual transacting sellers: 1.13 million, up 60%.
• Order frequency: 10.4, up 7%.

The company also reported 81% NMV growth in Meesho Mall and 160% growth in Content Commerce.

Better Margins and Delivery Efficiency

Marketplace contribution margin improved to 6% of NMV, compared with 3.3% a year ago. Better logistics, improved delivery routes and lower return-to-origin rates supported the improvement. Deliveries became around 15% faster year-on-year.

Management said it has no plans to introduce platform or handling fees. Adjusted marketplace EBITDA loss also narrowed to ₹130 crore from ₹371 crore a year ago.

Cash Position and Technology Investments

Meesho reported quarterly free cash flow of ₹345 crore, while its last 12-month free cash flow remained negative at ₹565 crore. The company held cash of ₹7,048 crore at the end of the period.

Server costs increased to 2.3% of NMV due to AI infrastructure and festive demand. Management expects these costs to normalise by Q4 FY27.

Key Corporate Updates

• Leadership: Sudhir Ganesh Sitapati was appointed as an Additional Non-Executive Independent Director, subject to shareholder approval.
• AI investment: The board approved an additional investment of up to $100,000 in Meesho Networks LLC.
• Acquisition: Meesho completed its acquisition of Kirana Club, which will continue operating independently under its founders.

Meesho Share Performance

Period	Return
1 Day	0.00%
5 Days	+3.43%
1 Month	+1.61%
6 Months	+15.06%
1 Year	+30.64%
5 Years	+30.64%

Key Takeaway: Meesho's revenue and user base continued to grow, while its consolidated loss narrowed significantly. Improved logistics and contribution margins supported performance, but the company remains loss-making and its quarterly loss exceeded analyst expectations.

What was Meesho's net loss in Q2 FY27?

Meesho reported a consolidated net loss of ₹1,324.5 crore, down 68% year-on-year.

What was Meesho's revenue in Q2 FY27?

Revenue from operations increased 34.4% to ₹4,131.6 crore, compared with ₹3,073.7 crore last year.

Did Meesho meet analyst expectations?

No. Its quarterly net loss of ₹1,324.5 crore was higher than analyst estimates of ₹1,200 crore.

How many users did Meesho have in Q2 FY27?

Meesho reported 284 million annual transacting users, registering 21% year-on-year growth.

How many orders did Meesho receive during the quarter?

The platform recorded 819 million orders, up 17% year-on-year.

How did Meesho's marketplace margins perform?

Marketplace contribution margin improved to 6% of NMV, compared with 3.3% a year earlier.

What was Meesho's cash balance at the end of Q2 FY27?

Meesho held ₹7,048 crore in cash at the end of the quarter.

How did Meesho shares perform over one year?

Meesho shares gained 30.64% over one year, based on the supplied performance data.