Meesho revenue rises 48% in Q1 as it funds grocery expansion
Meesho reported Q1 FY27 revenue of Rs 3,713 crore, up 48.3% year-on-year, while net loss narrowed to Rs 132.8 crore. The marketplace approved a Rs 75 crore investment in Meesho Groceries ahead of the festive season, even as its shares fell more than 6%.
Meesho reported 48.3% Q1 FY27 revenue growth to Rs 3,713 crore while halving its net loss to Rs 132.8 crore. It approved a Rs 75 crore infusion into Meesho Groceries to expand operations, despite its shares falling over 6%.
Why this matters
Meesho's Q1 results build on prior signals that NMV rose 34% and losses narrowed, while brokers warned of a softer Q2 before a festive rebound.
Retail-company signals are accelerating, up 1,075,000% QoQ.