Meesho Q2 loss narrows 68% to ₹132 Cr as revenue grows 34%
The listed e-commerce firm cut its quarterly loss sharply while sales rose, though its CFO warned that the margin gain may not repeat.
The 30-second read
- Meesho's Q2 FY27 net loss fell about 68% to ₹132 crore from ₹411 crore a year ago.
- Revenue from operations rose 34% to ₹4,131.6 crore, and NMV grew 23% to ₹12,911 crore.
- The CFO said the higher contribution margin should not be assumed for the next quarter.
IllustrationMeesho cut its net loss by about 68% year on year in Q2 FY27. The loss was ₹132 crore, against ₹411 crore a year earlier. Revenue from operations rose 34% to ₹4,131.6 crore from ₹3,073.7 crore. Total expenses were ₹4,382.27 crore, up 23.8%. Entrackr first reported that revenue grew 11% from ₹3,713 crore in Q1 FY27.
Net merchandise value (NMV) grew 23% year on year to ₹12,911 crore, as first reported by CNBC-TV18. On a festive-aligned basis, NMV grew 33%. Cofounder and CEO Vidit Aatrey said, "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" (first reported by The Economic Times). CNBC-TV18 also reported that contribution margin was 6.0% of NMV, up from 4.6% in the prior quarter. Free cash flow was ₹345 crore, and cash stood at ₹7,048 crore.
Annual transacting users reached 284 million, up 21%, while annual transacting sellers rose 60% to 1.13 million. CFO Dhiresh Bansal cautioned that the margin level should not be treated as a guide for the quarter that follows, as first reported by MediaNama. The Mega Blockbuster Sale moved from Q2 to Q3 this year. The Economic Times reported that December-quarter growth is therefore expected to look stronger than the underlying trend. Entrackr reported that the stock closed at Rs 227.84, for a market cap of ₹1,05,456 crore.
Why it matters
Meesho serves mass-market Indian shoppers and small sellers, so its growth points to e-commerce demand beyond big cities. It is also a listed stock on NSE, so these numbers matter to Indian investors.
The data
| Metric | Q2 FY27 |
|---|---|
| Net loss | ₹132 Cr |
| Revenue from operations | ₹4,131.6 Cr |
| Total expenses | ₹4,382.27 Cr |
| NMV | ₹12,911 Cr |
| Free cash flow | ₹345 Cr |
| Cash balance | ₹7,048 Cr |
| Annual transacting users | 284 million |
| Annual transacting sellers | 1.13 million |
