Results · Commerce & Consumer Brands

Meesho revenue jumps 48% in Q1 FY27

By Startup Enthusiast · 23 July 2026

What they do

Meesho is an online marketplace that connects sellers with budget-conscious buyers in India

It reported Q1 FY27 revenue of Rs 3,713 crore, up 48% year-on-year, and net loss narrowed 54% to Rs 133 crore

The company also acquired Singapore-based Kirana Club for Rs 202 crore, making it a wholly owned subsidiary

Meesho announced its financial results for the first quarter of FY27, ended June 2026.
Revenue from operations was Rs 3,713 crore, up 48% year-on-year from Rs 2,504 crore in Q1 FY26.
Net loss narrowed 54% to Rs 133 crore from Rs 289 crore in the same quarter last year.
Total income, including non-operating income of Rs 114 crore, stood at Rs 3,826 crore.
Quarter-on-quarter revenue grew 5% from Rs 3,531 crore in Q4 FY26.
Total expenses rose 43% year-on-year to Rs 3,959 crore, driven by employee benefit costs of Rs 243 crore (up 17%) and depreciation of Rs 20 crore.
The marketplace segment reported an EBITDA loss of Rs 139 crore, while new initiatives generated Rs 6 crore revenue with an EBITDA loss of Rs 39 crore.
Meesho acquired 100% of Singapore-based Kirana Club and an additional 0.41% stake in Indian subsidiary Retail Pulse Labs for aggregate consideration of Rs 202.08 crore.

The results show Meesho is moving toward profitability, with losses narrowing by 54% despite strong revenue growth.

Meesho operates an e-commerce marketplace focused on value-conscious shoppers in India.
It connects sellers directly with buyers, offering products across categories like fashion, home, electronics and groceries.
The company makes money through commissions, advertising and logistics services on its platform.
It serves millions of users, primarily in tier-2 and tier-3 cities, through a mobile app.
Meesho also runs new initiatives such as Meesho Mall and Kirana Club to expand its offerings.