Meesho Q4 Results: Co narrows loss by 88% YoY to Rs 166 crore, revenue jumps 47%

The company’s revenue from operations, meanwhile, rose 47% to Rs 3,531 crore versus Rs 2,400 crore posted in the corresponding quarter of the previous financial year.

The losses were lower on a sequential basis as well, falling from Rs 491 crore in Q3FY26, while the topline was flat quarter-on-quarter versus Rs 3,518 crore in the January-March quarter of FY26.

Meesho, which claims to be India’s largest e-commerce platform by Annual Transacting Users (ATUs) and orders placed, reported a net merchandise value (NMV) of Rs 11,371 crore in Q4FY26, up 43% YoY, with 717 million orders (+43% YoY), driven by continued new user onboarding and deeper engagement from existing cohorts.

For the full year FY26, Meesho continued to expand India’s e-commerce market, emerging as the most downloaded shopping app in India and the largest platform by Annual Transacting Users (ATUs) and placing orders. Its ATUs grew 33% YoY to 264 million, while orders increased 45% YoY to 2.67 billion.

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NMV for the year stood at Rs 41,560 crores, up 39% YoY, with frequency improving to 10.1 transactions per user annually.

Management commentary

Founder & CEO Vidit Aatrey said FY2026 deepened the company’s conviction that the Indian e-commerce market has far more depth than most people assume. “In emerging markets like China, Southeast Asia, and Latin America, more than 80% of smartphone users shop online. In India, that number is around 30%, not because Indians don’t want to shop online, but because nobody has built an e-commerce that actually works for them. Every time we removed one of those barriers, the market got larger. That pattern has held for a decade,” he said.Also read: KPIT Technologies Q4 Results: Cons profit falls 33% YoY to Rs 163 crore despite 12% revenue uptick

Underscoring the importance of AI, he highlighted that more than 75% of orders on Meesho come from personalised feeds that infer what a user is looking for before they even type a query. “Vaani, our voice shopping agent, lets a user describe what they want in their own language and complete a purchase through conversation. GeoIndia decodes the landmark-based, vernacular addresses that conventional systems cannot parse. The result is that first-time buyers who had never placed an order online are now completing purchases on Meesho,” Aatrey said.

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