E-commerce firm Meesho reported a strong year-on-year increase in total income, rising from Rs 2,526.61 crore (US $266 million) to Rs 3,646.98 crore (US $384 million) for the quarter ended 31st March 2026.
Consolidated revenue from operations increased 47.13% to Rs 3,531.21 crore (US $372 million) compared to Rs 2,399.97 crore (US $253 million) in the year-ago period. Meanwhile, total expenses stood at Rs 3,807 crore (US $401 million) against Rs 2,636.83 crore (US $278 million) a year ago.
Net loss stood at Rs 166.34 crore (US $17.54 million), lower than Rs 1391.38 crore (US $147 million) loss reported in Q4 FY ’25 and Pre-tax loss also narrowed to Rs 160.08 crore (US $16.88 million) in Q4 FY ’26 from Rs 1394.93 crore (US $147.14 million) a year ago.
Notably, the year-ago quarter included a large exceptional loss of Rs 128.47 crore (US $13.55 million), which had heavily weighed on profitability,making the base less comparable.
Its Q4 FY ’26 Net Merchandise Value (NMV) stood at Rs 11,371 crore (US $1.19 billion), up around 43%, while orders rose 43% year-on-year to 717 million.
The quarter also saw a sharp recovery in contribution margin to 4% of Net Merchandise Value (NMV) and an improvement of 245 basis points quarter-on-quarter in Adjusted EBITDA (Marketplace) to -1.7% of NMV.
For the full financial year 2025-26, Meesho’s consolidated net loss narrowed to Rs 1,357.73 crore (US $143 million) from Rs 3,941.70 crore (US $415 million) in FY ’25.
The company’s annual revenue from operations grew by 34.4% to Rs 12,626.34 crore (US $1.33 billion) in FY ’26, up from Rs 9,389.90 crore (US $990 million) in the preceding fiscal.
Annual transacting users rose 33% year-on-year to 26.4 crore, as orders grew 45% year-on-year to 267 crore. Net merchandise value for the year reached Rs 41,560 crore (US $4.38 billion), marking a 39% increase.
Meesho founder and CEO Vidit Aatrey describes that improving accessibility continues to widen the market, while the company is building technology infrastructure to drive that expansion.
He also highlighted the company’s increasing use of AI to address structural gaps in the market.
Meesho said that more than 75% of platform orders are placed through AI-driven personalised feeds rather than through search. According to the company, these enhancements shortened the time it took for new seller listings to achieve momentum by roughly 27% and increased conversion by about 15%.
