Meesho narrows loss by 68% while revenue rises 34% in Q2 of FY27

Meesho, an ecommerce company, reported a significant improvement in its financials for the second quarter of fiscal year 2027. The company's net losses decreased by 68% compared to the same period a year earlier, while its revenue increased by 34%. Meesho's net loss for Q2 was Rs 132.44 crore, down from Rs 411.36 crore in the same period last year. Meanwhile, the company's revenue for Q2 reached Rs 4131.58 crore, an increase from Rs 3073.67 crore in the previous year.

CEO Vidit Aatrey attributed the positive trend to Meesho's robust operating model, highlighting a 23% YoY growth in net merchandise value (NMV) to Rs 12,911 crore. He also noted that annual transacting users surged to 284 million, with first-time buyers increasing by 16% quarter-on-quarter. Furthermore, the company's annual purchase frequency rose by 7% YoY to 10.4 transactions per user. NMV grew by 23% YoY, and the number of annual transacting sellers increased by 60% YoY to 1.13 million.

Meesho emphasized that AI has become a key differentiator for the company, with engineering productivity surging 171% between March and September 2026 and the number of experiments increasing by 73%. Approximately 65% of engineering pods now operate with a single engineer directing AI agents. Aatrey reiterated the company's commitment to reinvesting efficiency gains into enhancing consumer and seller experiences, accelerating innovation, and building a larger, more efficient marketplace for sustainable free cash flow.

As of September 30, 2026, Meesho had a cash balance of Rs 7,048 crore, providing flexibility for long-term growth while maintaining financial discipline.