Meesho Limited (MEESHO) Q2 FY27 Financial Results: Revenue ₹11,614 Cr(2 announcements)

Meesho Limited reported Q1 FY27 results for the quarter ended June 30, 2026, showing strong growth in key metrics. Net Merchandise Value grew 34% YoY to ₹11,614 crore, driven by user expansion and engagement. Contribution Margin expanded to 4.6% of NMV, up 54 basis points QoQ, reflecting logistics efficiencies and improved platform monetisation. Marketplace Revenue from Operations grew 48% YoY to ₹3,707 crore, supported by lower cancellations and higher monetisation. Annual Transacting Users increased 29% YoY to 274 million, with purchase frequency rising to 10.3 transactions per user annually. Marketplace Adjusted EBITDA improved to (1.2%) of NMV, continuing structural progress. Last Twelve Months Free Cash Flow improved by approximately 15% to (₹537 crore) from (₹633 crore) in the previous quarter. The company highlighted AI investments as foundational across product discovery, seller growth, logistics, and engineering, contributing to operational scale and efficiency gains.

Meesho Limited announced on July 23, 2026, that its board approved unaudited Q1 FY2026 results showing revenue of ₹25,599.43 crores, profit before tax of ₹3,537.70 crores, and a tax expense of ₹62.60 million, alongside a pending tax demand of ₹14,997.38 crores for AY 2023-24. The filing also detailed amendments to the Articles of Association, including founder and significant investor nomination rights, an additional INR 75 crore investment in MGPL, and the acquisition of one equity share in MPPL to achieve 100% ownership. Additionally, the company disclosed plans to acquire Kirana Club Pte. Ltd. and Retail Pulse Labs Private Limited for INR 2,020.85 million, expected to close by September 30, 2026.