Meesho Ltd

The company's adjusted loss after extraordinary items narrowed to Rs 132.84 crore in Q1 FY27 from Rs 215.92 crore in Q1 FY26 and Rs 166.35 crore in Q4 FY26. Net sales increased 48.3% YoY and 5.1% QoQ to Rs 3,712.81 crore in the quarter ended 30 June 2026. Pre-tax loss narrowed to Rs 132.84 crore in Q1 FY27 from Rs 240.09 crore in Q1 FY26 and Rs 160.09 crore in Q4 FY26. Total expenditure rose 37.6% YoY to Rs 3,937.46 crore. Employee expenses increased 17.3% YoY to Rs 243.08 crore, while depreciation surged 146.4% YoY to Rs 19.66 crore. Finance costs rose 46.9% YoY to Rs 2.13 crore. Operationally, Net Merchandise Value (NMV) grew 34% YoY to Rs 11,614 crore, driven by continued user growth and engagement. Marketplace revenue from operations increased 48% YoY to Rs 3,707 crore, supported by improved delivery conversion through lower cancellations, lower Return-to-Origin (RTO) rates and higher platform monetisation. Contribution margin expanded to 4.6% of NMV, up 54 basis points QoQ, while Marketplace Adjusted EBITDA improved to (1.2%) of NMV, reflecting stronger marketplace economics. Annual Transacting Users (ATUs) increased 29% YoY to 274 million, while placed orders rose 29% YoY to 725 million. Purchase frequency improved to 10.3 transactions per user annually. Prepaid orders accounted for around 37% of shipped orders, contributing to lower cancellations and RTO rates. The platform supported over 1.04 million Annual Transacting Sellers, up 81% YoY, with 45% of sellers based in Tier 2 and smaller towns. Seller growth in Tier 4 towns reached 125% YoY. Last Twelve Months (LTM) free cash flow improved by around 15% to negative Rs 537 crore from negative Rs 633 crore in the previous quarter. As of 30 June 2026, Meesho had a cash balance of Rs 6,521 crore. Commenting on the results, chief financial officer Dhiresh Bansal said the company delivered strong NMV growth while improving contribution margin, adjusted EBITDA and free cash flow despite higher fuel costs and minimum wage increases in some states. He added that artificial intelligence is becoming foundational across product discovery, seller growth, logistics and engineering, helping the company innovate faster while maintaining disciplined capital allocation. Meesho is an Indian e-commerce marketplace focused on value-driven online shopping, connecting millions of buyers with sellers across categories, with a strong presence in Tier 2 and smaller towns. Powered by Capital Market - Live

Earnings to Watch: ACC, Tata Consumer Products, Dr Lal Path Labs, Shriram Finance, Laurus Lab, Hindustan Zinc, Jindal Steel, SAIL, Moschip Technologies, SBI Cards Payments Services, SBI Life Insurance Company, Bank of Baroda, Bank of India, CG Power and Industrial Solutions, Aaron Industries, Arihant Capital Markets and Automotive Stampings and Assemblies, Atul, Welspun Corp, will declare their Q1 results later today. Stocks to Watch: Meesho reported consolidated net loss of Rs 1328.35 crore in Q1 FY27 comapred with Rs 2893.58 crore posted in Q1 FY26. Revenue from operations jumped 48.28% YoY to Rs 3,712.81 crore in Q1 FY27. Infosys reported 8.61% decline in consolidated net profit to Rs 7,769 crore in Q1 FY27 compared with Rs 8,501 crore in Q4 FY26. Revenue from operations increased 3.90% QoQ to Rs 48,211 crore in Q1 FY27. The company lowered the upper end of its FY27 constant currency revenue growth guidance to 3%, from 3.5% earlier in Q4 FY26, while retaining the lower end at 1.5% and reaffirming its operating margin guidance of 20%'22%. Interglobe Aviation (Indigo) reported a consolidated net loss of Rs 2,380 crore in Q1 FY27, compared with a net profit of Rs 21,763 crore posted in Q1 FY26. Revenue from operations increased 19.9% year-on-year (YoY) to Rs 24,584.1 crore in Q1 June 2026. Suryoday Small Finance Bank has reported a net profit of Rs 75.18 crore for Q1 FY27, which is 2.13 times the PAT of Rs 35.28 crore recorded in Q1 FY26. Total income for the period under added up to Rs 770.22 crore, up 27.6% YoY. Cyient reported 89.96% jump in consolidated net profit to Rs 104.1 crore in Q1 FY27 compared with Rs 54.8 crore posted in Q4 FY26. Revenue from operations increased 7.72% QoQ to Rs 2075.7 crore in Q1 FY27. Spandana Sphoorty Financial has reported a consolidated net profit of Rs 12 crore in Q1 FY27 as against a net loss of Rs 360 crore in Q1 FY26. Total income for the period under review rose by 0.3% year-on-year (YoY) to Rs 303 crore.Powered by Capital Market - Live

Net Loss of Meesho reported to Rs 132.84 crore in the quarter ended June 2026 as against net loss of Rs 289.36 crore during the previous quarter ended June 2025. Sales rose 48.28% to Rs 3712.81 crore in the quarter ended June 2026 as against Rs 2503.87 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales3712.812503.87 48 OPM %-6.05-10.56 - PBDT-113.18-139.70 19 PBT-132.84-147.68 10 NP-132.84-289.36 54 Powered by Capital Market - Live

Meesho has allotted 2,71,303 equity shares under ESOP on 22 July 2026. Pursuant to the above allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs. 4,62,21,11,746 (comprising 4,62,21,11,746 equity shares of Re. 1/- each) to Rs. 4,62,23,83,049 (comprising 4,62,23,83,049 equity shares of Re. 1/- each).

Meesho will hold a meeting of the Board of Directors of the Company on 23 July 2026.

Meesho has allotted 1,34,50,895 equity shares under ESOP on 01 July 2026. With this allotment, the paid up equity share capital has increased to Rs. 4,62,21,11,746 (comprising 4,62,21,11,746 equity shares of Re. 1/- each).

Meesho has allotted 1,03,59,200 equity shares under ESOP on 20 June 2026. Pursuant to the above allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs. 4,59,83,01,651 (comprising 4,59,83,01,651 equity shares of Re. 1/- each) to Rs. 4,60,86,60,851 (comprising 4,60,86,60,851 equity shares of Re. 1/- each).

Under the agreement, Meesho will acquire 100% of the share capital of Kirana Club and 0.41% of the share capital of RPLPL from the identified selling shareholders through three tranches. Kirana Club, incorporated in Singapore, develops proprietary software applications and operates a digital platform catering to grocery retailers. Its subsidiary, Retail Pulse Lab (RPLPL), operates a B2B e-commerce marketplace that connects kirana stores and small retailers with FMCG brands and distributors, primarily across Tier-2, Tier-3, Tier-4 cities and rural India. The platform generates revenue through commissions and advertising services. For FY26, Kirana Club reported a turnover of SGD 45,808.25, while RPLPL recorded a turnover of Rs 15.84 crore. As per the agreement, the company will acquire 100% shareholding in Kirana Club incorporated under laws of Singapore and 0.41% of the share capital of RPLPL, an existing subsidiary of Kirana Club incorporated under the laws of India, from the identified selling shareholders, under three tranches. The company said that the acquisition extends its mission of democratizing internet commerce to millions of retailers who power commerce across India, and provides significant deeper access to not only the over $650 billion grocery market of which Kirana and general trade channels accounts for more than 90%, but also a platform for B2B play across categories. Kirana Club will continue to operate independently within the Meesho group. The acquisition is expected to be completed in three tranches, on or before March 31, 2027, subject to satisfaction of the conditions precedent and other terms and conditions set out in the SPA Anshul Gupta, Co-founder and CEO of Kirana Club, said, 'Kirana Club was built on a simple belief: small retailers in Bharat deserve the same access, transparency and efficiency as modern retail. Over the last few years, we have built deep trust with kirana retailers by combining community, local insights and commerce. Meesho understands Bharat at scale and shares our belief in serving underserved users through technology. With this partnership, we can accelerate our mission of building India's most trusted digital commerce network for kiranas.' Vidit Aatrey, chairman, managing director and chief executive officer, Meesho, said, 'At Meesho, we have always believed that technology can expand access and opportunity for underserved users across India. Kirana Club has built deep trust among small retailers through its asset-light and community-first approach. We see significant opportunities to strengthen access, transparency and product discovery for kiranas in underserved markets across India, and also extend this to all forms of B2B retail across India.' 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 company's consolidated net loss narrowed to Rs 166.34 crore in Q4 FY26 compared with net loss of Rs 1,393.12 crore in Q4 FY25. Revenue from operations climbed 47.14% YoY to Rs 3,531.21 crore in Q4 FY26. The counter shed 0.71% to settle at Rs 167.15 on the BSE.Powered by Capital Market - Live

The board of Meesho at its meeting held on 12 June 2026, has considered and approved the acquisition of 100% of share capital of Kirana Club, a company incorporated under the laws of Singapore, and 0.41% of the share capital of Retail Pulse Labs (RPLPL), an existing subsidiary of Kirana Club incorporated under the laws of India, from the identified selling shareholders, for an aggregate consideration amounting to Rs. 202.08 crore in three tranches.

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.