Meesho Q4 results 2026: E-commerce platform Meesho today announced its financial results for Q4 FY26 and the full year ended March 31, 2026. The company said its consolidated net loss narrowed to Rs 166.34 crore for the fourth quarter ended March 31. The company had posted a net loss of Rs 1,391.38 crore in the corresponding quarter of the previous financial year, according to a regulatory filing.
Meesho’s consolidated revenue from operations for the quarter under review increased by 47.13 per cent to Rs 3,531.21 crore, compared with Rs 2,399.97 crore in the same period of the previous financial year.
Meanwhile, total expenses stood at Rs 3,807 crore against Rs 2,636.83 crore a year ago.
For the full financial year 2025-26, Meesho’s consolidated net loss narrowed to Rs 1,357.73 crore from Rs 3,941.70 crore in FY25.
The company’s annual revenue from operations grew by 34.4 per cent to Rs 12,626.34 crore in FY26, up from Rs 9,389.90 crore in the preceding fiscal.
In Q4 FY26, Meesho reported Net Merchandise Value (NMV) of Rs 11,371 crore, up around 43 per cent YoY, with 717 million orders (up 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.
For the full year FY26, Meesho continued to expand India’s e-commerce market, emerging as the most downloaded shopping app in India and the largest platform by Annual Transacting Users (ATUs) and placed orders.
Annual transacting users grew 33 per cent YoY to 264 million, while orders increased 45 per cent YoY to 2.67 billion. NMV for the year stood at Rs 41,560 crore, up 39 per cent YoY, with frequency improving to 10.1 transactions per user annually.
Meesho founder and CEO Vidit Aatrey said FY26 has deepened the company’s conviction that the Indian e-commerce market has far more depth than most people assume.
“In emerging markets like China, Southeast Asia, and Latin America, more than 80% of smartphone users shop online. In India, that number is around 30%, not because Indians don’t want to shop online, but because nobody built e-commerce that actually works for them. Every time we removed one of those barriers, the market got larger. That pattern has held for a decade,” Aatrey said.
“What AI has changed is the pace at which we can now remove them. Today, more than 75% of orders on Meesho come from personalized feeds that infer what a user is looking for before they even type a query. Vaani, our voice shopping agent, lets a user describe what they want in their own language and complete a purchase through conversation. GeoIndia decodes the landmarkbased, vernacular addresses that conventional systems cannot parse. The result is that first-time buyers who had never placed an order online are now completing purchases on Meesho,” Meesho’s founder and CEO said.
“We are still early in this journey, but the direction is clear. As accessibility improves, the market continues to widen, and we are building the technology infrastructure to drive that expansion,” he said, noting how the company is utilising AI to fill structural gaps in the market.
The company has made a deliberate bet on AI as the operating system for how Meesho builds, Aatrey said in a letter to shareholders.
“Over 70 per cent of our code is now AI-generated, and we are releasing products faster and with greater reliability than at any point in our history. We have embedded AI across our Software Development Lifecycle (SDLC): code and test case generation, code reviews, production monitoring and deployment fixes. What once took weeks now takes days,” Aatrey stated.
The company’s Board also approved an investment of up to Rs 100 crore in its subsidiary Meesho Payments Private Limited (MPPL). The fund infusion will be made by subscribing to a rights issue or further issue of capital in one or more tranches.
“The proposed investment by the company is intended to support the overall business operations and growth of MPPL, enabling it to enhance its capabilities, scale its operations, and effectively meet its business and regulatory requirements.
“The infusion of funds is expected to facilitate the expansion of MPPL’s activities, improve operational efficiency, and support the development of its offerings in line with the evolving needs of the business and the market needs,” the company said.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
