Meesho's Q2 Loss Narrows 68% to ₹132 Crore as Revenue Grows 34% to ₹4,132 Crore

Meesho's net loss narrowed 68% to ₹132.4 crore in the September 2026 quarter from ₹411.4 crore a year earlier, as revenue from operations rose 34% to ₹4,131.6 crore, according to results reported by Inc42 on 28 October 2026.

The loss was flat from ₹132.8 crore in the June quarter, while revenue grew 11% quarter on quarter. Part of the year-on-year improvement comes from one-offs: the year-ago quarter carried ₹45 crore of exceptional expenses and a ₹64.4 crore tax charge that did not recur. Before exceptional items and tax, the loss fell 57% to ₹123.3 crore.

The quarter in numbers

• Net merchandise value (NMV): ₹12,911 crore, up 23%.
• Annual transacting users: 284 million.
• Marketplace revenue: ₹4,119.9 crore, up 34%, with the segment's loss down to ₹130.5 crore from ₹370.7 crore.
• Contribution margin: 6.0% of NMV, up from 3.3% a year earlier and 4.6% in the June quarter.
• New initiatives: revenue of ₹11.7 crore and a loss of ₹41.6 crore.

Meesho's shares closed 1.77% higher at ₹227.60 on BSE on results day, Inc42 reported.

Why it matters

A contribution margin that has almost doubled in a year means Meesho now earns more on each order before fixed costs, even as its overall loss holds steady quarter to quarter. Other listed consumer-tech companies are reporting mixed numbers this season: Swiggy's Q2 loss narrowed to ₹922 crore even as its shares fell 24.5% in a week.

This report is for information only and is not investment advice.