Meesho Q2: Loss Narrows 68% YoY To ₹132 Cr, Revenue Jumps 34%
Ecommerce major Meesho reported a 68% decline in its consolidated net loss to ₹132.5 Cr in the September quarter (Q2 FY27) from ₹411.4 Cr in the year-ago period as its revenue growth outpaced increase in expenses.However, net loss remained largely unchanged from ₹132.8 Cr in the June quarter.
Operating revenue rose 34% YoY and 11% QoQ to ₹4,131.6 Cr. Including other income of ₹127.4 Cr, Meesho’s total income stood at ₹4,259 Cr in Q2 FY27, up 31% from ₹3,254.9 Cr a year ago.
Meesho incurred exceptional expenses in the last year quarter which it didn’t incur this year, leading to the sharp annual reduction in loss. In Q2 FY26, Meesho incurred exceptional expenses of ₹45 Cr towards a business combination and a vendor dispute settlement, besides a ₹64.4 Cr tax charge related to the business combination. Neither charge recurred in the quarter under review.
Before exceptional items and tax, its loss narrowed by 57% to ₹123.3 Cr from ₹285.5 Cr a year earlier.
Meanwhile, Meesho’s total expenses increased 24% to ₹4,382.3 Cr in Q2 FY27 from ₹3,540.4 Cr.
(The story will be updated soon)
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