Meesho Reports Narrowing Net Loss to Rs 166 Crore in Q4, Revenue Growth at 47%

Meesho Reports Significant Improvement in Q4 FY26 Results

Meesho, a Bengaluru-based value commerce platform, has reported an 88 percent year-on-year (YoY) decline in its quarterly net loss to Rs 166.3 crore in the fourth quarter (Q4) of financial year 2025-26 (FY26). The company's net loss had stood at Rs 1,391.4 crore in the same period a year ago.

In its second quarterly results post-IPO, Meesho also reported a revenue from operations of Rs 3,531.2 crore, up 47 percent YoY from Rs 2,400 crore in the year-ago period. The company had reported a revenue of Rs 3,517.6 crore in the previous quarter. This significant growth in revenue can be attributed to the rise in orders and new user additions.

Meesho's total expenses for the quarter ended March increased 44 percent to Rs 3,807.1 crore, up from Rs 2,636.8 crore a year ago and Rs 4,071.3 crore a quarter ago.

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Key Metrics

The company reported strong growth in the March quarter (Q4 FY26), with net merchandise value (NMV) rising about 43 percent year-on-year to Rs 11,371 crore. The company said orders grew at a similar pace to 717 million, driven by new user additions and higher activity from existing users. Profitability metrics improved sequentially, with contribution margin recovering to 4.0 percent of NMV, while adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the marketplace segment improved by 245 basis points quarter-on-quarter to -1.7 percent of NMV.

For the full year, annual transacting users increased 33 percent to 264 million, while total orders rose 45 percent to 2.67 billion. NMV grew 39 percent to Rs 41,560 crore, with average order frequency improving to 10.1 transactions per user.

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Vidit Aatrey, Founder & CEO, Meesho, emphasized that India's ecommerce market remains underpenetrated, with only around 30% of smartphone users shopping online versus over 80% in markets like China and Southeast Asia. He highlighted that AI is accelerating this shift, with over 75% of orders now coming from personalised feeds, while tools like voice-based shopping and address recognition are helping first-time users transact online.

On May 6, Meesho's shares on BSE closed 3.77 percent lower at Rs 196.50 apiece.