E-commerce company Meesho reported a 68% decrease in net losses, while revenue increased by 34% year-over-year for the second quarter of fiscal year 2027.
In the three months ending September 2026, Meesho recorded a net loss of ₹132.44 billion. This is significantly less than the ₹411.36 billion registered during the same period a year earlier.
Revenue for the second quarter reached ₹4,131.58 billion compared to ₹3,073.67 billion a year prior.
Meesho CEO Vidit Atrey stated that the second-quarter results reflect the strength of Meesho's operating model. He noted that Net Merchandise Value (NMV) grew by 23% year-over-year, reaching ₹12,911 billion, and the total number of transactional users reached 284 million. According to management, more consumers are making purchases on Meesho, and they are doing so more frequently, even though the number of buyers grew quarterly by 16% for the first time.
According to the company, the total number of transactional users increased by 21% year-over-year to 284 million, and the annual purchase frequency rose by 7% year-over-year to 10.4 transactions per user. Meesho also reported a 23% year-over-year growth in NMV.
It was noted that festival-related NMV grew by 33% year-over-year over the 90 days preceding Dussehra. The number of annual transacting sellers increased by 60% year-over-year to 1.13 million. Furthermore, the e-commerce company announced that over 400 thousand sellers are now part of its content commerce ecosystem, enabling entrepreneurs to find consumers through content creator-driven product discovery.
For Meesho, artificial intelligence (AI) has become a significant competitive advantage in the transition to agent-driven software development. Engineering productivity grew by 171% between March and September 2026, and the number of experiments increased by 73%. It was observed that about 65% of engineering teams now work with one engineer who manages AI agents.
Atrey emphasized that the company's focus remains on reinvesting these efficiency gains into improving the experience for both consumers and sellers, accelerating innovation, and building a larger and more efficient market capable of generating sustainable free cash flow in the long term.
As of September 30, 2026, Meesho held cash reserves of ₹7,048 billion, providing flexibility to pursue long-term growth opportunities while maintaining financial discipline.
