Meesho Ltd reported consolidated revenue of ₹3,712.8 crore for the quarter ended June 30, surpassing Bloomberg's consensus estimate of ₹3,601.5 crore, according to livemint.com. The Bengaluru-based e-commerce company posted a net loss of ₹132.8 crore, narrower than the estimated loss of ₹135.2 crore, driven by strong marketplace growth and improving profitability despite ongoing investments in artificial intelligence, logistics, and new business areas.
The company’s results reflect continued investment in growth initiatives amid intensifying competition in the e-commerce sector. Meesho’s marketplace expansion contributed to revenue growth, while its focus on AI and logistics aimed to enhance operational efficiency and customer experience. The quarterly performance exceeded analyst forecasts based on seven Bloomberg-tracked estimates, highlighting the company’s ability to balance growth and profitability during this period.
Meesho’s performance comes at a time when Indian e-commerce firms are increasingly investing in AI technologies to improve search, recommendations, and logistics. The company’s narrower loss contrasts with broader sector challenges, where many players face pressure from rising costs and competition. Meesho’s ability to grow revenue while reducing losses underscores its strategic positioning in the market, as it sharpens its AI focus to maintain competitiveness.
Meesho’s Q1 results for fiscal year 2027 demonstrate resilience with revenue surpassing estimates and losses narrowing to ₹132.8 crore, according to livemint.com. The company continues to prioritize AI and logistics investments as part of its growth strategy in a competitive e-commerce landscape.