Meesho reported a sharp year-on-year improvement in its March-quarter performance, with losses narrowing even as revenue posted strong growth.
For the quarter ended March 31, 2026 (Q4 FY26), Meesho’s total income rose to ₹3646.98 crore, up significantly from ₹2526.61 crore in the same quarter last year, marking a robust year-on-year increase.
The company’s net loss for the quarter stood at ₹166.34 crore, substantially lower than the ₹1391.381 crore loss reported in Q4 FY25 indicating a marked improvement in operational performance.
Pre-tax loss also narrowed to ₹160.08 crore in Q4 FY26 from ₹1394.93 crore a year ago.
Notably, the year-ago quarter included a large exceptional loss of ₹12,847.18 million, which had heavily weighed on profitability, making the base less comparable.
Expenses, however, continued to rise. Total expenses for the quarter increased to ₹3807.06 crore from ₹2636.83 crore in Q4 FY25, driven by higher employee costs and other operating expenses linked to business expansion.
In a press release filed at exchanges, the company added that in Q4 FY26, it reported NMV of ₹11,371 Cr, up ~43% YoY, with 717 million orders (+43% YoY), driven by continued new user onboarding and deeper engagement from existing cohorts.
The quarter also saw a sharp recovery in contribution margin to 4.0% of NMV and an improvement of 245 bps QoQ in Adjusted EBITDA (Marketplace) to -1.7% of NMV, driven by logistics cost normalization, network optimization, and operating leverage at scale.
Vidit Aatrey, Founder & CEO, Meesho, said, “FY2026 has deepened our conviction that the Indian e-commerce market has far more depth than most people assume.”
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Shares of Meesho ended at ₹197.00 on the NSE on May 6, down ₹6.73 or 3.30% for the day.
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