Meesho Revenue Jumps 48% in Q1 FY27

Meesho, an e-commerce marketplace, has reported a significant increase in revenue and a sharp reduction in losses in the first quarter of FY27. The company's revenue from operations rose by 48% year-on-year to Rs 3,713 crore in the quarter ended June 2026, compared to Rs 2,504 crore in the same period last year.

The company's total income for the quarter stood at Rs 3,826 crore, which includes an additional Rs 114 crore as non-operating income. On a sequential basis, revenue also improved by around 5% from Rs 3,531 crore reported in Q4 FY26.

Meesho's total expenses rose by 43% year-on-year to Rs 3,959 crore, compared to Rs 2,778 crore in Q1 FY26. Employee benefit expenses increased by 17% to Rs 243 crore, up from Rs 207 crore a year ago. Depreciation expense during the quarter stood at Rs 20 crore.

Despite higher spending, Meesho significantly reduced its losses. The company reported a net loss of Rs 133 crore in Q1 FY27, compared to Rs 289 crore in the corresponding quarter last year, marking a 54% decline.

Meesho's marketplace business posted an EBITDA loss of Rs 139 crore, while the new initiatives segment reported an EBITDA loss of Rs 39 crore on revenue of Rs 6 crore. The company is also facing an income tax demand of Rs 1,500 crore for AY 2023-24 and plans to contest the order.

Last month, Meesho approved the acquisition of a 100% stake in Singapore-based Kirana Club and an additional 0.41% stake in its Indian subsidiary, Retail Pulse Labs Private Limited, for Rs 202.08 crore. This deal will strengthen the company's presence in the digital retail ecosystem.

Meesho's shares have performed well in the market, ending at Rs 188.95 at Thursday's market close, giving the company a market capitalisation of Rs 87,057 crore.

The company's financial performance is a significant improvement from the previous year, and the acquisition of Kirana Club is expected to further strengthen its position in the e-commerce market. Meesho's focus on improving profitability has yielded positive results, and the company is expected to continue its growth trajectory in the coming quarters.

The e-commerce market in India is highly competitive, and Meesho's ability to reduce losses and increase revenue is a testament to its strong business model. The company's expansion plans, including the acquisition of Kirana Club, are expected to drive growth and increase its market share.

Overall, Meesho's financial performance in Q1 FY27 is a positive sign for the company, and its focus on improving profitability is expected to yield long-term benefits.

The company's market capitalisation of Rs 87,057 crore is a significant milestone, and its shares are expected to continue performing well in the market. Meesho's growth trajectory is expected to continue, driven by its strong business model and expansion plans.

In conclusion, Meesho's financial performance in Q1 FY27 is a significant improvement from the previous year, and the company is expected to continue its growth trajectory in the coming quarters. The acquisition of Kirana Club is expected to further strengthen its position in the e-commerce market, and the company's focus on improving profitability is expected to yield long-term benefits.