Value e-commerce platform Meesho reported a 54% year-on-year (YoY) decline in its consolidated net loss to Rs 132.8 crore for the quarter ended June 30, (Q1 FY27), compared to Rs 289.4 crore in the corresponding quarter last year.
The company also improved sequentially, with its net loss narrowing from Rs 166.3 crore reported in the January-March 2026 quarter, according to its exchange filing.
Revenue from operations increased 48% YoY to Rs 3,712.8 crore during the quarter, up from Rs 2,503.9 crore a year earlier.
On a sequential basis, revenue also rose from Rs 3,531.2 crore in the previous quarter.
However, the company’s total expenses climbed 43% YoY to Rs 3,959.2 crore from Rs 2,777.6 crore in the year-ago period. Compared to the previous quarter, expenses increased from Rs 3,807.1 crore, as Meesho continued investing in operations to support business expansion.
Commenting on the performance, Dhiresh Bansal, Chief Financial Officer, Meesho, said the company delivered 34% YoY growth in net merchandise value (NMV), while contribution margin improved to 4.6%.
He added that marketplace-adjusted EBITDA improved to -1.2 % of NMV, while the last twelve months’ free cash flow increased by around 15%. This quarter also marked our strongest contribution margin and marketplace-adjusted EBITDA since listing, despite higher fuel costs and minimum wage increases in certain states.
Additionally, Meesho processed nearly 725 million orders during the quarter, averaging more than 90 orders every second. The company’s annual transacting users increased 29 % YoY to 274 million, while purchase frequency improved to 10.3 transactions per user on an annualised basis.
According to Messho, its continued investments in artificial intelligence (AI) across catalogue creation, demand intelligence and multilingual voice agents improved operational efficiency and strengthened platform capabilities.
As a result, AI-enabled tools helped increase the number of annual transacting sellers by 81% YoY to over 1.04 million during the quarter. Consequently, the expansion of the seller base supported higher order volumes, improved contribution margins and better marketplace-adjusted EBITDA performance.
