Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The brokerage attributed the higher NMV estimates to the continued expansion of Meesho’s buyer and seller ecosystems, along with rapid growth in stock-keeping units (SKUs) and logistics partners.
The brokerage expects Meesho’s earnings to grow faster than NMV over the medium term, supported by improvements in advertising monetisation and logistics economics.
Meesho’s adjusted loss after extraordinary items narrowed to Rs 132.84 crore in Q1 FY27 from Rs 215.92 crore in Q1 FY26 and Rs 166.35 crore in Q4 FY26.
Net sales increased 48.3% YoY and 5.1% QoQ to Rs 3,712.81 crore in the quarter ended 30 June 2026.
Operationally, NMV grew 34% YoY to Rs 11,614 crore, driven by continued user growth and engagement. Marketplace revenue from operations increased 48% YoY to Rs 3,707 crore, supported by improved delivery conversion, lower cancellations, lower Return-to-Origin (RTO) rates and higher platform monetisation.
Contribution margin expanded to 4.6% of NMV, up 54 basis points QoQ, while Marketplace Adjusted EBITDA improved to negative 1.2% of NMV, reflecting an improvement in marketplace economics.
Annual Transacting Users (ATUs) increased 29% YoY to 274 million, while placed orders rose 29% to 725 million. Purchase frequency improved to 10.3 transactions per user annually. Prepaid orders accounted for around 37% of shipped orders, contributing to lower cancellations and RTO rates.
The platform supported more than 1.04 million Annual Transacting Sellers, up 81% YoY, with 45% of sellers based in Tier 2 and smaller towns. Seller growth in Tier 4 towns increased 125% YoY.
Last-twelve-months (LTM) free cash flow improved by around 15% to negative Rs 537 crore from negative Rs 633 crore in the previous quarter. As of 30 June 2026, Meesho had a cash balance of Rs 6,521 crore.
Meesho is an Indian e-commerce marketplace focused on value-driven online shopping. It connects buyers with sellers across categories, with a strong presence in Tier 2 and smaller towns.
Meesho made its stock market debut on 10 December 2025. The stock is up 116.2% over its IPO price of Rs 111 and has gained 48.9% from its listing price of Rs 161.20.
ACC, Tata Consumer Products, Dr Lal Path Labs, Shriram Finance, Laurus Lab, Hindustan Zinc, Jindal Steel, SAIL, Moschip Technologies, SBI Cards Payments Services, SBI Life Insurance Company, Bank of Baroda, Bank of India, CG Power and Industrial Solutions, Aaron Industries, Arihant Capital Markets and Automotive Stampings and Assemblies, Atul, Welspun Corp, will declare their Q1 results later today.
Stocks to Watch:
Meesho reported consolidated net loss of Rs 1328.35 crore in Q1 FY27 comapred with Rs 2893.58 crore posted in Q1 FY26. Revenue from operations jumped 48.28% YoY to Rs 3,712.81 crore in Q1 FY27.
Infosys reported 8.61% decline in consolidated net profit to Rs 7,769 crore in Q1 FY27 compared with Rs 8,501 crore in Q4 FY26. Revenue from operations increased 3.90% QoQ to Rs 48,211 crore in Q1 FY27. The company lowered the upper end of its FY27 constant currency revenue growth guidance to 3%, from 3.5% earlier in Q4 FY26, while retaining the lower end at 1.5% and reaffirming its operating margin guidance of 20%–22%.
Interglobe Aviation (Indigo) reported a consolidated net loss of Rs 2,380 crore in Q1 FY27, compared with a net profit of Rs 21,763 crore posted in Q1 FY26. Revenue from operations increased 19.9% year-on-year (YoY) to Rs 24,584.1 crore in Q1 June 2026.
Suryoday Small Finance Bank has reported a net profit of Rs 75.18 crore for Q1 FY27, which is 2.13 times the PAT of Rs 35.28 crore recorded in Q1 FY26. Total income for the period under added up to Rs 770.22 crore, up 27.6% YoY.
Cyient reported 89.96% jump in consolidated net profit to Rs 104.1 crore in Q1 FY27 compared with Rs 54.8 crore posted in Q4 FY26. Revenue from operations increased 7.72% QoQ to Rs 2075.7 crore in Q1 FY27.
Spandana Sphoorty Financial has reported a consolidated net profit of Rs 12 crore in Q1 FY27 as against a net loss of Rs 360 crore in Q1 FY26. Total income for the period under review rose by 0.3% year-on-year (YoY) to Rs 303 crore.
Pre-tax loss narrowed to Rs 132.84 crore in Q1 FY27 from Rs 240.09 crore in Q1 FY26 and Rs 160.09 crore in Q4 FY26.
Total expenditure rose 37.6% YoY to Rs 3,937.46 crore. Employee expenses increased 17.3% YoY to Rs 243.08 crore, while depreciation surged 146.4% YoY to Rs 19.66 crore. Finance costs rose 46.9% YoY to Rs 2.13 crore.
Operationally, Net Merchandise Value (NMV) grew 34% YoY to Rs 11,614 crore, driven by continued user growth and engagement. Marketplace revenue from operations increased 48% YoY to Rs 3,707 crore, supported by improved delivery conversion through lower cancellations, lower Return-to-Origin (RTO) rates and higher platform monetisation.
Contribution margin expanded to 4.6% of NMV, up 54 basis points QoQ, while Marketplace Adjusted EBITDA improved to (1.2%) of NMV, reflecting stronger marketplace economics.
Annual Transacting Users (ATUs) increased 29% YoY to 274 million, while placed orders rose 29% YoY to 725 million. Purchase frequency improved to 10.3 transactions per user annually. Prepaid orders accounted for around 37% of shipped orders, contributing to lower cancellations and RTO rates.
The platform supported over 1.04 million Annual Transacting Sellers, up 81% YoY, with 45% of sellers based in Tier 2 and smaller towns. Seller growth in Tier 4 towns reached 125% YoY.
Last Twelve Months (LTM) free cash flow improved by around 15% to negative Rs 537 crore from negative Rs 633 crore in the previous quarter. As of 30 June 2026, Meesho had a cash balance of Rs 6,521 crore.
Commenting on the results, chief financial officer Dhiresh Bansal said the company delivered strong NMV growth while improving contribution margin, adjusted EBITDA and free cash flow despite higher fuel costs and minimum wage increases in some states. He added that artificial intelligence is becoming foundational across product discovery, seller growth, logistics and engineering, helping the company innovate faster while maintaining disciplined capital allocation.
Meesho is an Indian e-commerce marketplace focused on value-driven online shopping, connecting millions of buyers with sellers across categories, with a strong presence in Tier 2 and smaller towns.