Meesho records Rs 3,713 Cr revenue in Q1 FY27; narrows losses by 54%

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E-commerce marketplace Meesho has announced its financial results for the first quarter of the fiscal year ending March 2027. The company reported a 48% year on year increase in revenue, while its losses narrowed sharply by 54% to Rs 133 crore during the same period.
The company’s revenue from operations grew to Rs 3,713 crore in Q1 FY27 from Rs 2,504 crore in the corresponding quarter of the previous fiscal year, according to its financial statements filed with the NSE.
The revenue breakdown was not disclosed in the financial statements. The company also recorded Rs 114 crore in non operating income, taking its total income to Rs 3,826 crore in the quarter ended June.
On a quarter on quarter basis, the company's revenue from operations grew 5% from Rs 3,531 crore in Q4 FY26.
While the majority of its expenses were not disclosed in the quarterly financial statements, Meesho spent Rs 243 crore on employee benefits in Q1 FY27, a 17% increase from Rs 207 crore in Q1 FY26.
Its depreciation expense stood at Rs 20 crore during the quarter. Overall, the company’s total expenses grew 43% year on year to Rs 3,959 crore in Q1 FY27 from Rs 2,778 crore in Q1 FY26.
Segment wise, Meesho's marketplace segment reported an EBITDA loss of Rs 139 crore, while its new initiatives segment posted an EBITDA loss of Rs 39 crore on revenue of Rs 6 crore.
At the bottom line, Meesho narrowed its losses by 54% to Rs 133 crore in Q1 FY27 from Rs 289 crore in the corresponding quarter of the previous fiscal year.
Last month, Meesho approved the acquisition of a 100% stake in Singapore based Kirana Club and an additional 0.41% stake in its Indian subsidiary, Retail Pulse Labs Private Limited (RPLPL), for an aggregate consideration of Rs 202.08 crore. Following the acquisition, Kirana Club will become a wholly owned subsidiary of Meesho.
At the end of Thursday’s trading session, the share price of Meesho closed at Rs 188.95, with a total market capitalization of Rs 87,057 crore (about $9.16 billion).

document fetched 2026-07-24 08:15