India's Meesho Q4 loss shrinks as order growth and margins rise

Meesho

06/05/2026 14:15

BENGALURU, May 6 (Reuters) - Indian e‑commerce firm Meesho's MEES.NS quarterly loss narrowed sharply, helped by strong growth in order volumes and revenue, as well as improving margins as logistics costs eased.

Here are more details from the release:

Meesho reported a net merchandise value (NMV) of 114 billion rupees ($1.4 billion) in the March quarter, up 43% from a year earlier, driven by continued onboarding of new users and deeper engagement from existing customers.

The company said losses narrowed as contribution margins rebounded to 4.0% of NMV, aided by logistics cost normalisation following industry‑wide disruptions earlier in the year.

Annual transacting users rose 33% to 264 million, with orders per user increasing as existing cohorts shopped more frequently.

Revenue from operations climbed to 35.31 billion rupees, up from 24.0 billion rupees a year earlier. Number of orders placed rose 43% year-on-year to 717 million.

The firm's consolidated net loss narrowed to 1.66 billion Indian rupees ($17.55 million) in the quarter ended March 31, from a loss of 13.91 billion rupees a year ago, and 4.91 billion rupees the previous quarter.

Meesho cautioned that macroeconomic uncertainty could weigh on the next few quarters, but said it would continue investing in new user acquisition to prioritise long‑term growth.

($1 = 94.6100 Indian rupees)

 (Reporting by Pranav Kashyap in Bangalore; Editing by Ronojoy Mazumdar)

 ((pranav.kashyap@tr.com; +919886482111;))