Meesho Q1 Results: Loss narrows to Rs 133 crore; marketplace revenue rises 48%

Meesho's Q1FY27 net loss narrowed to Rs 133 crore, with marketplace revenue rising 48% YoY to Rs 3,707 crore. Net merchandise value grew 34% YoY to Rs 11,614 crore, while placed orders rose 29% to 725 million and annual transacting users reached 274 million. Marketplace contribution margin expanded to 4.6% of NMV from 4.4% a year earlier, with adjusted EBITDA loss improving to Rs 138.9 crore (1.2% of NMV) from Rs 148.4 crore (1.7% of NMV).