Q2 revenue rises 34%, consolidated loss narrows to Rs 132 crore
MEESHO · price
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On the reaction day the stock moved 2.0 pts less than its E-Retail/ E-Commerce peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Meesho's consolidated Q2 revenue rose 34.4% year on year to Rs 4,132 crore. Loss attributable to owners narrowed 67.8% to Rs 132 crore from Rs 411 crore. H1 revenue rose 40.7% to Rs 7,844 crore, while loss was Rs 265 crore and operating cash flow stayed positive. Tax demands of Rs 1,500 crore and Rs 572 crore are under appeal.
Revenue growth, positive cash flow and a smaller loss help, but continued losses and major tax appeals keep near-term stock sentiment cautious.