E-commerce company Meesho on Wednesday reported a consolidated net loss of Rs 132.45 crore for the second quarter of FY27, narrowing 68 per cent from a loss of Rs 411.36 crore in the same quarter a year earlier, as revenue growth outpaced the rise in expenses.

Source: YourStory

Revenue from operations rose 34.4 per cent year-on-year to Rs 4,131.58 crore in the September quarter, from Rs 3,073.67 crore in Q2 FY26 (yaani revenue of about Rs 41.3 billion). Total expenses increased 24 per cent to Rs 4,382.3 crore.

Source: Inc42

Rs 4,131.58 croreQ2 FY27 revenue from operations
Rs 132.45 croreNet loss (down 68% YoY)
Rs 12,911 croreNet merchandise value (+23%)
819 millionOrders placed (+17%)

More users, more orders

Meesho said net merchandise value (NMV) grew 23 per cent year-on-year to Rs 12,911 crore, while orders placed increased 17 per cent to 819 million. Annual transacting users grew 21 per cent to 284 million and annual purchase frequency rose 7 per cent to 10.4 transactions per user, with first-time buyers up 16 per cent quarter-on-quarter.

Source: Upstox

Chairman, Managing Director and CEO Vidit Aatrey said the Q2 performance reflected the strength of Meesho's operating model, with NMV growing 23 per cent and annual transacting users reaching 284 million. He said more consumers were shopping on Meesho and shopping more frequently.

Source: YourStory

The company said festive-aligned NMV grew 33 per cent year-on-year over the 90 days preceding Dussehra, and annual transacting sellers increased 60 per cent to 1.13 million. Meesho shares closed at Rs 227.84 on Wednesday, giving the company a market capitalisation of Rs 1,05,456 crore (yaani about Rs 1.05 lakh crore).

Source: Entrackr