Meesho Ltd

Meesho has additionally invested Rs 100 crore in its wholly owned subsidiary, Meesho Payments on 08 May 2026. The said investment will not cause any change in the percentage of the equity shareholding of the Company in MPPL. The Investment by the Company is intended to support the overall business operations and growth of MPPL, enabling it to enhance its capabilities, scale its operations, and effectively meet its business and regulatory requirements. The infusion of funds is expected to facilitate expansion of MPPL's activities, improve operational efficiency, and support the development of its offerings in line with the evolving needs of the business and the market needs.

Revenue from operations climbed 47.14% YoY to Rs 3,531.21 crore in Q4 FY26. The company reported pre-tax loss of Rs 160.08 crore in Q4 FY26 compared with pre tax loss of Rs 1,394.93 crore in Q4 FY25. The company reported net merchandise value (NMV) of Rs 11,371 crore, up around 43% YoY, with 717 million orders (over 43% YoY), driven by continued new user onboarding and deeper engagement from existing cohorts. Annual transacting users (ATU) climbed 28% YoY to 264 million in Q4 FY26. Meesho Mall grew 82% YoY in Q4 FY26, enabling value-conscious consumers to access national brands at competitive prices. Top brands scaled over 6X, while FMCG, led by Beauty and Personal Care, grew 86%. On full year basis, the company's consolidated net loss narrowed to Rs 1,357.73 crore in FY26 compared with net loss of Rs 3,941.70 crore in FY25. Revenue from operations jumped 34.47% YoY to Rs 12,626.34 crore in FY26. Vidit Aatrey, Founder & CEO, Meesho said, 'FY2026 has deepened our conviction that the Indian e-commerce market has far more depth than most people assume. In emerging markets like China, Southeast Asia, and Latin America, more than 80% of smartphone users shop online. In India, that number is around 30%, not because Indians don't want to shop online, but because nobody built e-commerce that actually works for them. Every time we removed one of those barriers, the market got larger. That pattern has held for a decade. What AI has changed is the pace at which we can now remove them. Today, more than 75% of orders on Meesho come from personalized feeds that infer what a user is looking for before they even type a query. Vaani, our voice shopping agent, lets a user describe what they want in their own language and complete a purchase through conversation. GeoIndia decodes the landmarkbased, vernacular addresses that conventional systems cannot parse. The result is that first-time buyers who had never placed an order online are now completing purchases on Meesho. Meanwhile, the board approved an additional investment of up to Rs 100 crore in its subsidiary, Meesho Payments, through subscription to a rights issue or further capital issuance in one or more tranches. Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name 'Meesho,' enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses.Powered by Capital Market - Live

Revenue from operations climbed 47.14% YoY to Rs 3,531.21 crore in Q4 FY26. The company reported pre-tax loss of Rs 160.08 crore in Q4 FY26 compared with pre tax loss of Rs 1,394.93 crore in Q4 FY25. The company reported net merchandise value (NMV) of Rs 11,371 crore, up around 43% YoY, with 717 million orders (over 43% YoY), driven by continued new user onboarding and deeper engagement from existing cohorts. Annual transacting users (ATU) climbed 28% YoY to 264 million in Q4 FY26. Meesho Mall grew 82% YoY in Q4 FY26, enabling value-conscious consumers to access national brands at competitive prices. Top brands scaled over 6X, while FMCG, led by Beauty and Personal Care, grew 86%. On full year basis, the company's consolidated net loss narrowed to Rs 1,357.73 crore in FY26 compared with net loss of Rs 3,941.70 crore in FY25. Revenue from operations jumped 34.47% YoY to Rs 12,626.34 crore in FY26. Vidit Aatrey, Founder & CEO, Meesho said, 'FY2026 has deepened our conviction that the Indian e-commerce market has far more depth than most people assume. In emerging markets like China, Southeast Asia, and Latin America, more than 80% of smartphone users shop online. In India, that number is around 30%, not because Indians don't want to shop online, but because nobody built e-commerce that actually works for them. Every time we removed one of those barriers, the market got larger. That pattern has held for a decade. What AI has changed is the pace at which we can now remove them. Today, more than 75% of orders on Meesho come from personalized feeds that infer what a user is looking for before they even type a query. Vaani, our voice shopping agent, lets a user describe what they want in their own language and complete a purchase through conversation. GeoIndia decodes the landmarkbased, vernacular addresses that conventional systems cannot parse. The result is that first-time buyers who had never placed an order online are now completing purchases on Meesho. Meanwhile, the company's board approved further investment in equity shares of its subsidiary, Meesho Payments (MPPL), for an aggregate amount not exceeding Rs 100 crore, by way of subscribing to the rights issue/further issue of capital, in one or more tranches. Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name 'Meesho,' enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses. The scrip declined 3.77% to end at Rs 196.50 on the BSE.Powered by Capital Market - Live

Net Loss of Meesho reported to Rs 166.35 crore in the quarter ended March 2026 as against net loss of Rs 1391.38 crore during the previous quarter ended March 2025. Sales rose 47.13% to Rs 3531.21 crore in the quarter ended March 2026 as against Rs 2399.98 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 1357.74 crore in the year ended March 2026 as against net loss of Rs 3941.71 crore during the previous year ended March 2025. Sales rose 34.47% to Rs 12626.35 crore in the year ended March 2026 as against Rs 9389.90 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales3531.212399.98 47 12626.359389.90 34 OPM %-7.22-9.62 --11.76-6.16 - PBDT-141.45-105.69 -34 -1021.36-74.41 -1273 PBT-160.09-110.21 -45 -1068.18-108.43 -885 NP-166.35-1391.38 88 -1357.74-3941.71 66 Powered by Capital Market - Live

The brokerage said Meesho is building a discovery-led marketplace that doubles as a long-tail advertising network with integrated logistics, targeting India's highly fragmented retail landscape. It valued the company at 35 times FY30 estimated EV/EBITDA, discounted to FY28, and expects EBITDA CAGR of around 140% over FY28-30. This compares favourably with internet peers, which are projected to grow at about 70% over FY26-28 and trade at around 30 times EV/EBITDA. The brokerage also noted that net merchandise value (NMV) growth could outpace user growth, indicating improving monetisation. However, it highlighted risks including potential growth shortfalls and rising logistics costs, especially as the company pushes to lower average selling prices. Meesho is India's largest e-commerce platform by annual transacting users and placed orders. The company's consolidated net loss widened to Rs 490.68 crore in Q3 FY26, compared with a loss of Rs 37.43 crore in Q3 FY25. Net sales rose 31.32% to Rs 3,517.60 crore in Q3 FY26 from Rs 2,678.64 crore in the year-ago quarter. Meesho made its stock market debut on 10 December 2025. The stock is up 72.52% over its IPO price of Rs 111 and has gained 18.80% from its listing price of Rs 161.20. Post listing, the stock had surged 57.97% from its listing price to hit a record high of Rs 254.65 on 18 December 2025, before witnessing profit-taking. The stock is currently down 24.80% from its peak levels. Powered by Capital Market - Live

Meesho will hold a meeting of the Board of Directors of the Company on 6 May 2026.

Meesho has allotted 94,79,380 equity shares under ESOP on 20 April 2026. Post allotment, the paid up equity share capital has increased to Rs. 4,57,35,34,576 (comprising 4,57,35,34,576 equity shares of Re. 1/- each).

Meesho has allotted 3,63,12,662 equity shares of face value of Re. 1/- each to the eligible employees, upon exercise of vested options under Company's ESOP 2024 Plan. Pursuant to the above allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs. 4,52,77,42,534 (comprising 4,52,77,42,534 equity shares of Re. 1/- each) to Rs. 4,56,40,55,196 (comprising 4,56,40,55,196 equity shares of Re. 1/- each). Powered by Capital Market - Live

The Assessment Unit of Income Tax Department has issued assessment order under Section 143(3) of the Income-tax Act, 1961 along with a demand notice under section 156 of the Income-tax Act, 1961 for AY 2023-2024. The company said it is currently evaluating the assessment order and does not concur with the observations and adjustments made by the tax authorities. It believes it has adequate legal and factual grounds to challenge the order and is taking necessary steps to safeguard its interests. The company added that the assessment order along with the demand notice are not expected to have any major adverse impact on the company's financial position, operations, or other activities. Meesho is India's largest e-commerce platform by annual transacting users and placed orders. The company's consolidated net loss widened to Rs 490.68 crore in Q3 FY26, compared with a loss of Rs 37.43 crore in Q3 FY25. Net sales rose 31.32% to Rs 3,517.60 crore in Q3 FY26 from Rs 2,678.64 crore in the year-ago quarter.Powered by Capital Market - Live

The stock had fallen 14.80% over the past three sessions and is down 15.87% over the last one month. The recent decline followed a sharp widening of consolidated net loss to Rs 490.68 crore in Q3 FY26 from Rs 37.43 crore in Q3 FY25, even as net sales rose 31.32% YoY to Rs 3,517.60 crore. Adjusted EBITDA marketplace margin for Q3FY26 was at -4.2% (Rs -460 crore) due to lower contribution margin and accelerated user growth and engineering investments. Adjusted EBITDA for New Initiatives was at Rs 19 crore, up 44% QoQ and 30% YoY with continuous improvement in user adoption for financial services platform. Founder and CEO Vidit Aatrey said the company stepped up advertising and sales promotion spend to 2.4% of NMV in Q3 FY26 from 1.3% a year ago. The firm expects a significant improvement in adjusted EBITDA margins over the next two quarters on logistics cost recovery and operating leverage. Meesho is India's largest e-commerce platform by annual transacting users and placed orders. Meesho made its stock market debut on 10 December 2025. The stock is up 37.79% over its IPO price of Rs 111, but down 5.12% from its listing price of Rs 161.20 and about 40% from its record high of Rs 254.65 hit on 18 December 2025. Powered by Capital Market - Live