Meesho is likely to be in focus after Citi initiated coverage on the value-focused e-commerce platform with a ‘buy’ rating, setting a target price of Rs 210 and indicating an upside potential of nearly 23 per cent from current levels. The brokerage remains optimistic on the company’s strong growth trajectory, backed by its expanding user base, deep presence beyond metro markets, and a differentiated low-cost business model. Citi highlighted Meesho’s scale, with over 264 million annual transacting users and more than 950,000 sellers, alongside key growth levers such as increasing purchase frequency and a rising advertising revenue stream.
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.
(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.)
