For the quarter ended September 2026, Meesho reported a consolidated net loss of ₹132 crore, a reduction from the ₹411 crore loss recorded in the same period of the previous fiscal year. Revenue from operations increased to ₹4,132 crore, a 34% year‑on‑year rise from ₹3,074 crore in Q2 FY26. EBITDA loss improved to ₹229 crore from ₹456 crore YoY, while the company generated ₹345 crore in quarterly free cash flow, compared with an outflow of ₹226 crore in the prior quarter. As of September 30, 2026, Meesho held a cash balance of ₹7,048 crore, and its market capitalisation was ₹1.05 lakh crore on October 28, 2026, according to NSE data.

Net merchandise value (NMV) grew 23% YoY to ₹12,911 crore, with placed orders increasing 17% to 819 million. The festive‑aligned NMV, covering the 90 days preceding Dussehra, expanded 33% YoY, accounting for the shift of the Mega Blockbuster Sale from Q2 last year to Q3 this year to capture comparable seasonal demand. Contribution margin expanded to 6.0% of NMV in Q2 FY27, up from 4.6% in the previous quarter, driven by logistics efficiencies and improved platform monetisation. Marketplace revenue from operations grew 34% YoY to ₹4,120 crore, supported by stronger advertising monetisation and better matching of seller demand with consumer intent.

User engagement metrics showed growth: annual transacting users increased 21% annually to 284 million, while annual purchase frequency rose 7% to 10.4 transactions per user. First‑time buyers grew 16% quarter‑on‑quarter, reflecting the expansion of the platform's consumer base ahead of the festive season. Vidit Aatrey, Chairman, Managing Director and CEO, noted that more consumers are shopping on Meesho and are shopping more frequently, reinforcing the company's conviction in the depth of India's e‑commerce opportunity. He also highlighted that AI is fundamentally changing how Meesho is built and operated, with engineering productivity increasing 171% between March and September 2026.

The company’s free cash flow of ₹345 crore in Q2 FY27, compared with an outflow of ₹226 crore in the previous quarter, was supported by seasonal working capital benefits. Logistics efficiencies and improved monetisation contributed to the expansion of the contribution margin, while the platform's advertising and seller‑buyer matching mechanisms drove revenue growth. Meesho's cash balance of ₹7,048 crore as of September 30, 2026, provides flexibility to pursue long‑term growth opportunities while maintaining financial discipline. The company's market capitalisation of ₹1.05 lakh crore reflects investor confidence in its performance trajectory.

On Wednesday, October 28, 2026, Meesho shares settled at ₹226.84 apiece on the National Stock Exchange, rising 1.91% after market hours. The earnings announcement came after market close, and the company’s financial results were released with a focus on operational efficiencies, user growth, and platform monetisation. The reported figures underscore Meesho's progress in narrowing losses, expanding NMV, and improving contribution margin, while maintaining a strong cash position and market valuation.