Meesho reported a sharp improvement in its financial performance for Q4 FY26, with net losses narrowing 88 per cent year-on-year to ₹166.35 crore, driven by higher user engagement and increased purchase frequency on its platform.
Revenue for the quarter rose 47 per cent to ₹3,531.21 crore, reflecting strong traction among repeat users. Growth remained broad-based, with net merchandise value (NMV) increasing 43 per cent year-on-year to ₹11,371 crore, while order volumes also grew 43 per cent during the same period.
For the full fiscal year FY26, the company reported NMV of ₹41,560 crore, marking a 39 per cent year-on-year increase. Meesho attributed this growth to new user additions, stronger habit formation, and rising purchase frequency across its platform.
Operationally, the company indicated that temporary cost inefficiencies seen in earlier quarters due to consolidation in the third-party logistics ecosystem have now eased. Interim logistics nodes created to manage disruptions have been phased out, leading to more stable operations.
Meesho also increased its investments in artificial intelligence and machine learning, alongside expanding its engineering workforce. While employee costs rose 33 per cent in absolute terms, costs not directly linked to order volumes remained stable as a percentage of NMV, indicating improving operational leverage.
Looking ahead, the company highlighted an uncertain macroeconomic environment influenced by geopolitical developments, input cost pressures, and evolving consumer sentiment. It noted that consumption remained resilient in Q4 and indicated that any tightening in spending is likely to shift toward value-driven platforms.
In a separate development, Meesho’s board approved an additional investment of up to ₹100 crore in its subsidiary, Meesho Payments Private Limited, through one or more tranches. The payments arm reported a turnover of ₹1,104.65 lakh and a net loss of ₹2,471.67 lakh, reflecting ongoing investments in expanding its financial services capabilities.
