Meesho narrows Q1 loss as NMV rises 34%, but shares slide 6%
Meesho reported a Q1FY27 consolidated loss of ₹133 crore, versus ₹289.3 crore a year earlier, alongside 34% NMV growth. The company reiterated a 25% five-year growth CAGR goal, capped new-initiative EBITDA burn at about ₹200 crore annually and approved up to ₹75 crore for grocery investment.
Meesho narrowed its Q1FY27 loss to ₹133 crore as NMV grew 34%, while shares fell 6%. The marketplace guided for 25% five-year CAGR, capped experimental burn at ₹200 crore, and approved up to ₹75 crore for grocery subsidiary investment.
Why this matters
The results follow Meesho's reported 48% Q1 revenue growth and broker warnings of softer Q2 demand before a festive rebound. They also reinforce its value-commerce positioning and growth plans ahead of a proposed ₹5,421 crore IPO.
Retail-company signals are accelerating, up +1,070,900% quarter over quarter.