Results · Commerce & Consumer Brands

Meesho narrows net loss to ₹166.3 Cr in Q4 FY26

What they do

Meesho is a social commerce platform connecting small sellers with buyers via WhatsApp and other apps

The company reported an 88% year-on-year drop in net loss to ₹166.3 Cr while revenue grew 47%

AI-generated code now powers over 70% of the marketplace as Meesho expands into financial services

Meesho released its Q4 FY26 results showing a significant improvement in financial health.
The company's net loss narrowed by 88% year-on-year to ₹166.3 Cr from ₹1,391.4 Cr.
Operating revenue jumped 47.1% to ₹3,531.2 Cr, driven by strong growth in order volumes.
Total transactions reached ₹11,371 Cr in NMV with 71.7 Cr orders placed during the quarter.
The board approved up to ₹100 Cr investment in its financial services subsidiary Meesho Payments Private Ltd.
Stock closed at ₹198.6 on May 7.
Morgan Stanley maintained an Equal-weight rating but raised its target price to ₹190 per share.
JM Financial upgraded estimates citing strong operational performance and improving margin trends.

Meesho operates a social commerce model allowing users to resell products through social networks.
The platform serves 26.4 Cr transacting users and supports 9.6 Lakh active sellers annually.
It maintains a logistics network with 18K providers and 1.2 Lakh last-mile delivery agents.
An emerging advertising business is becoming a high-margin engine with over 40% catalog growth.
The company is expanding into financial services through its subsidiary Meesho Payments Private Ltd.
Lending services are being offered to both customers and sellers via partnerships with financial providers.
A shift from cash-on-delivery to prepaid orders is helping improve overall unit economics.
Marketplace segment generated ₹12,614 Cr in revenue while new initiatives contributed minimally so far.

Completion of the ₹100 Cr rights issue for Meesho Payments Private Ltd is expected by June 30.
The company plans to continue hiring AI engineers to support its agentic platforms.

Morgan Stanley (analyst) — Maintained Equal-weight rating and raised target price citing strong quarterly performance.
JM Financial (analyst) — Raised NMV and EBITDA estimates for future fiscal years based on operational metrics.