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Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%

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Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%

Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%

Meesho’s Q2 FY27 net loss narrowed 67.8% to Rs 132.45 crore, while revenue surged 34.4% to Rs 4,131.58 crore. Rising user engagement, stronger merchandise value, improved contribution margins and festive-season demand supported growth amid elevated spending.

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E-commerce platform Meesho reported a consolidated net loss of Rs 132.45 crore in the September quarter of FY27 (Q2FY27), which has narrowed 67.8% from Rs 411.36 crore loss in the corresponding quarter of the previous fiscal year.

Revenue from operations rose 34.4% year-on-year (YoY) to Rs 4,131.58 crore in Q2FY27, compared with Rs 3,073.67 crore in Q2FY26.

Total expenses increased 23.8% YoY to Rs 4,382.27 crore from Rs 3,540.44 crore in the year-ago quarter.

On a sequential basis, the company's net loss remained broadly flat at Rs 132.45 crore, compared with Rs 132.84 crore in the June quarter. Revenue from operations rose 11.3% quarter-on-quarter (QoQ) to Rs 4,131.58 crore from Rs 3,712.81 crore.

EBITDA loss stood at Rs 229 crore, compared with Rs 225 crore in the previous quarter.

The e-commerce marketplace reported growth across key operating metrics during the quarter. Annual transacting users increased 21% YoY to 284 million, while last-twelve-month (LTM) purchase frequency rose 7% to 10.4. First-time buyers grew 16% sequentially, while annual transacting sellers increased 60% YoY to 1.13 million.

Placed orders rose 17% YoY to 819 million, while net merchandise value (NMV) grew 23% to Rs 12,911 crore.


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