Meesho Q2 FY27 results: loss narrows to Rs 132 crore
Meesho narrowed its net loss in the July-September quarter, the second quarter of FY27, while revenue kept growing. Net loss fell 68% year-on-year to Rs 132 crore, and operating revenue rose 34% to Rs 4,131 crore.
Total expenses rose 23.8% year-on-year to Rs 4,382.27 crore.
Annual transacting users increased 21% year-on-year to 284 million. Last-twelve-month purchase frequency rose 7% to 10.4, and first-time buyers grew 16% sequentially. Annual transacting sellers increased 60% year-on-year to 1.13 million.
Newsletter
The corridor, every morning.
Funding rounds and cross-border capital moves, one email, five minutes.
The company also pointed to the festive season. "This momentum extended into the festive season, with NMV growing 33% year-on-year on a festive-aligned basis, reinforcing our conviction in the depth of India's e-commerce opportunity," said Vidit Aatrey, cofounder and CEO of Meesho.
Looking ahead, Meesho said in its shareholders' letter that year-on-year growth in the December quarter should look stronger than the underlying trend because of a shift in the timing of its festive sale. It added that it remains watchful of macroeconomic pressures.
More in Market Move
