loading
loading
E-commerce marketplace Meesho has announced its financial results for the second quarter of the fiscal year ending March 2027. The company reported a 34% year on year increase in revenue, while its losses narrowed sharply by 68% to Rs 132 crore during the same period. The company’s revenue from operations grew to Rs 4,132 crore in Q2 FY27 from Rs 3,074 crore in the corresponding quarter of the previous fiscal year, according to its financial statements filed with the NSE. Meesho did not disclose its revenue breakdown in the quarterly financial statements. The company reported Rs 127 crore in non-operating income, which took its total income to Rs 4,259 crore in the quarter ended September 2026. On a quarter-on-quarter basis, revenue from operations rose 11% from Rs 3,713 crore in Q1 FY27. Meesho did not disclose most of its expenses in the quarterly financial statements. Employee benefit expenses stood at Rs 281 crore in Q2 FY27, an 18% increase from Rs 237 crore in the year-ago quarter. Its depreciation expense stood at Rs 20 crore during the quarter. Overall, the company’s total expenses grew 24% year on year to Rs 4,382 crore in Q2 FY27 from Rs 3,540 crore in Q2 FY26. At the segment level, Meesho’s marketplace business reported an EBITDA loss of Rs 130 crore, while its new initiatives segment posted an EBITDA loss of Rs 42 crore on revenue of Rs 11.6 crore. At the bottom line, Meesho narrowed its losses by 68% year-on-year to Rs 132 crore in Q2 FY27 from Rs 411 crore in the corresponding quarter of the previous fiscal year. During the quarter, Meesho saw stake sales by several early investors. In August, Peak XV Partners and Elevation Capital offloaded a combined 2.27% stake for around Rs 1,949 crore through block deals, followed by Y Combinator’s stake sale worth approximately Rs 970 crore. At the end of Wednesday’s trading session, the share price of Meesho closed at Rs 227.84, with a total market capitalization of Rs 1,05,456 crore (about $11.1 billion).
document fetched 2026-10-29 03:04