Meesho narrows Q1 FY27 loss as revenue jumps 48%

Meesho reported its first‑quarter FY27 results, saying the e‑commerce platform’s net loss narrowed to Rs 132.8 crore from Rs 289.35 crore a year earlier, helped by higher sales and fewer order cancellations.

Consolidated revenue from operations rose 48% year‑on‑year to roughly Rs 3,712 crore. Gross merchandise value grew about 26% to Rs 19,054 crore and net merchandise value increased 34% to Rs 11,614 crore. The board approved a Rs 75 crore investment in its grocery subsidiary to expand operations. Meesho also highlighted AI‑driven initiatives that doubled engineering productivity and simplified seller onboarding.