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Ecommerce company Meesho reported a 68% decline in net losses even as revenues rose by 34% on a year-on-year (YoY) basis for the second quarter of FY27. Meesho reported a net loss of Rs 132.44 crore for the three months ending September, 2026 which is the second quarter of FY27 as compared to Rs 411.36 crore recorded in the similar period a year ago. Revenue for the second quarter touched Rs 4131.58 crore as compared to Rs 3073.67 crore a year ago. On the performance of the company, Meesho CEO Vidit Aatrey said, “Our Q2 performance reflects the strength of Meesho's operating model, with NMV (net merchandise value) growing 23% year-on-year to Rs 12,911 crore and annual transacting users reaching 284 million. More consumers are shopping on Meesho, and they are shopping more frequently, even as first-time buyers grew 16% quarter-on-quarter.” According to the company, annual transacting users grew 21% YoY to 284 million while annual purchase frequency increased 7% YoY to 10.4 transactions per user. Meesho said NMV grew 23% YoY. Meesho said festive-aligned NMV grew 33% YoY over the 90 days preceding Dussehra. The annual transacting sellers increased 60% YoY to 1.13 million. The e-commerce company said over 4 lakh sellers are now part of its Content Commerce ecosystem, enabling entrepreneurs to reach consumers through creator-led product discovery. For Meesho, artificial intelligence (AI) has emerged as a big differentiator as it transitions towards an agent-led software development with engineering productivity increasing 171% between March and September 2026 and the number of experiments rising 73%. It noted that approximately 65% of engineering pods now operate with a single engineer directing AI agents. “Our focus remains on reinvesting these efficiency gains into better consumer and seller experiences, accelerating innovation and building a larger, more efficient marketplace that can generate sustainable free cash flow over the long term,” Aatrey said. Meesho said as of September 30, 2026, it had a cash balance of Rs 7,048 crore, providing flexibility to pursue long-term growth opportunities while maintaining financial discipline.
document fetched 2026-10-29 03:04