Meesho reported a 48% year-on-year increase in operating revenue to ₹3,707 crore in Q1 FY27, while its consolidated net loss narrowed by 54% to ₹132.8 crore, according to inc42.com. The ecommerce platform’s total expenses rose nearly 43% to ₹3,959 crore during the quarter, reflecting investments in growth and new initiatives.
The company’s marketplace segment continued to drive growth with healthy net merchandise value (NMV), order volume, and expanding contribution margin. Improvements in delivery conversion, reduced cancellations and returns, and optimized logistics contributed to better monetisation. Meesho’s branded commerce under Meesho Mall and content-led commerce initiatives recorded triple-digit NMV growth, although these new ventures widened adjusted EBITDA losses to ₹39 crore. The firm also enhanced engineering productivity by doubling output through generative AI tools that automated coding workflows and simplified seller onboarding.
Meesho’s steady revenue growth and narrowing losses highlight its value-focused approach gaining traction amid competitive ecommerce markets. The company’s push into branded and content-led commerce aligns with broader industry trends where platforms diversify revenue streams beyond traditional marketplace sales. The integration of AI to boost operational efficiency and seller experience positions Meesho alongside other Indian ecommerce players leveraging technology to improve unit economics and platform monetisation.
The company’s Q1 results underscore a strategic balance between scaling new business lines and improving core marketplace profitability. Meesho’s next quarterly earnings report, expected in October, will provide further insight into whether these initiatives sustain revenue momentum and continue reducing losses.