Meesho falls over 6% as Q2 growth outlook and marketing spend outweigh strong Q1 gains
Meesho’s Q1 FY27 revenue rose 48% YoY to ₹3,707 crore while net loss narrowed 54% to ₹132.8 crore. Shares still fell as investors weighed slower expected Q2 NMV growth, a festive-sale shift into Q3 and higher planned marketing expenditure.
Meesho shares fell after Q1 FY27 results despite 48% revenue growth and a narrower loss, as investors focused on weaker Q2 NMV growth outlook, deferred festive sale timing and higher planned marketing spend.
Why this matters
The drop follows Meesho’s recent Q1 FY27 update showing losses cut 54% on 48% revenue growth, while earlier signals highlighted its reseller-led push into India’s unorganised retail sector.
Retail-company signals are accelerating, up 1,085,300% QoQ.
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