Meesho Q1 FY27: Consol revenue Rs 3,713 Cr, loss Rs 133 Cr; Rs 75 Cr for grocery unit

Board & Shareholder Meetings View source PDF

MEESHO · price

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AI summary

Meesho board approved Q1 FY27 results. Consolidated revenue rose to Rs 3,712.81 Cr from Rs 2,503.87 Cr YoY; net loss narrowed to Rs 132.84 Cr vs Rs 289.36 Cr. Standalone PAT was Rs 353.77 Cr. Note: numbers not comparable due to grocery and e-commerce demerger. Board also approved up to Rs 75 Cr more in MGPL (grocery), made MPPL (payments) fully owned, and added Article 122 giving founders and top investors board nomination rights.

Likely market impact

Revenue grew YoY but consolidated loss persists. Founders and top investors gain board nomination rights. Rs 75 Cr more into grocery arm signals continued growth push.