India's Meesho jumps as Q4 loss narrows sharply, NMV jumps 43%

Meesho

07/05/2026 05:54

** Shares of Meesho MEES.NS rise as much as 7.7%; last up 2.6% at 201.1 rupees

** E-commerce firm's Q4 loss narrowed sharply to 1.66 billion rupees ($17.51 million) from a loss of 13.91 billion rupees a year ago

** Posts 43% higher net merchandise value (NMV) of 114 billion rupees, driven by continued onboarding of new users and deeper engagement from existing customers

** Morgan Stanley ("Equal-weight"; PT: 190 rupees) notes co is focused on attracting more sellers now and expects monetization to improve later

** Brokerage raises FY28E NMV by 2.6% and revenue by 2%

** Stock rated "Buy" on average by 8 analysts; median PT at 190 rupees

** YTD, stock up 13.4%

($1 = 94.7950 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))