E-commerce company Meesho Limited disclosed a consolidated net loss of Rs 132.8 crore for the first quarter of FY27, alongside a 48.3% revenue surge year-on-year, attributed to robust order growth and active users. The company’s net loss for the quarter ending June 30, 2026, was Rs 132.8 crore, a decrease from Rs 289.3 crore in the same period last fiscal year (Q1 FY26), as per its stock exchange filing.
The revenue from operations climbed to Rs 3,713 crore from Rs 2,504 crore a year earlier, as stated in the filing. Dhiresh Bansal, Meesho’s Chief Financial Officer, highlighted the integration of AI across various business aspects, emphasizing its role in product discovery, seller expansion, logistics, and engineering.
During the quarter, Meesho recorded an EBITDA loss of Rs 224.7 crore, compared to Rs 264.4 crore in the previous year. Additionally, the company revealed a Rs 75 crore investment in its subsidiary, Meesho Groceries, to fortify its grocery segment.
Meesho’s Net Merchandise Value (NMV) surged by 34% year-on-year to Rs 11,614 crore in the June quarter, with marketplace revenue also rising by 48% to Rs 3,707 crore. The company noted a 54 basis points increase in contribution margin to 4.6% of NMV sequentially, while marketplace adjusted EBITDA enhanced to negative 1.2% of NMV.
The platform witnessed a 29% annual growth in transacting users, reaching 274 million, and a rise in purchase frequency to 10.3 transactions per user on an annualized basis. Moreover, the total orders placed during the quarter escalated by 29% year-on-year to 725 million.
Meesho reported an improvement in free cash flow over the last 12 months to negative Rs 537 crore from negative Rs 633 crore in the previous quarter. Notably, prepaid orders constituted approximately 37% of all shipped orders during the quarter.
Before the earnings declaration, Meesho’s shares concluded 0.48% lower at Rs 188.95 each on the NSE, compared to a 0.53% drop in the Nifty index. The stock has exhibited a nearly 5% increase year-to-date.
