Noida, May 6 (APAC News): E-commerce firm Meesho on Wednesday reported a sharp narrowing of its consolidated net loss to Rs 166 crore for the quarter ended March, compared with Rs 1,391 crore in the corresponding period last year, reflecting an 88% decline.
The company’s revenue from operations rose 47% year-on-year to Rs 3,531 crore in the quarter ended March, compared with Rs 2,400 crore in the corresponding period of the previous financial year.
Losses also narrowed on a sequential basis, declining to Rs 166 crore from Rs 491 crore in Q3 FY26, while revenue remained largely flat at Rs 3,531 crore compared with Rs 3,518 crore in the January–March quarter of FY26.
In the quarter ended March (Q4 FY26), Meesho reported a net merchandise value (NMV) of Rs 11,371 crore, up around 43% year-on-year, with order volumes rising 43% to 717 million, driven by continued onboarding of new users and stronger engagement from existing cohorts.
The company also posted a sharp recovery in contribution margin to 4% of NMV, while adjusted EBITDA (Marketplace) improved 245 basis points quarter-on-quarter to -1.7% of NMV, aided by logistics cost normalisation, network optimisation and operating leverage at scale.
“FY2026 has strengthened our conviction that the Indian e-commerce market has far greater depth than most estimates suggest,” Meesho Founder and CEO Vidit Aatrey said.
Meesho continued to expand India’s e-commerce market, emerging as the most downloaded shopping app in the country and the largest platform by annual transacting users (ATUs) and placed orders.
“In emerging markets such as China, Southeast Asia and Latin America, over 80% of smartphone users shop online. In India, the figure is around 30%, not because consumers lack intent, but because e-commerce has not been built in a way that works for them. Every time we have removed a barrier, the market has expanded. That trend has held true for the past decade,” he added.
Annual transacting users rose 33% year-on-year to 264 million, while order volumes increased 45% to 2.67 billion. Net merchandise value (NMV) for the year stood at Rs 41,560 crore, up 39% year-on-year, with user frequency improving to 10.1 transactions per user annually.
The platform continued to expand e-commerce access across India, reporting 264 million annual transacting users and sustained growth in habitual usage. Transaction frequency rose to 10.1 per consumer annually, indicating continued strengthening of user cohorts.
Consumer trust and maturity also improved during the year, with prepaid adoption rising to 35.3% in March 2026, supported by product innovations such as shareable UPI, on-app UPI integration, and Pay Before Delivery.
Vaani, Meesho’s AI shopping agent launched in Q4 FY26, crossed 1.5 million users within its first month and delivered a 22% conversion lift for adopters.
On the supply side, GenAI-powered seller voice agents have been scaled to handle around 300,000 calls per day, assisting sellers with promotional and sale event participation, improving engagement and enabling new growth opportunities on the platform.
Disclaimer: Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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