Meesho Limited Schedules Investor/Analyst Non-Deal Roadshow in Singapore on May 13, 2026

Meesho Limited has notified the stock exchanges of an upcoming Investors/Analysts meet, in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed on May 08, 2026, by the Company Secretary and Compliance Officer, Rahul Bhardwaj.

Investor Meet Details

The company will be participating in a Non-Deal Roadshow structured as a group meeting. The following table summarises the key details of the scheduled event:

Parameter:	Details
Event:	Non-Deal Roadshow
Particulars of Event:	Group Meeting
Date & Time:	Wednesday, May 13, 2026, from 10:15 a.m. to 11:45 a.m. (IST)
Mode:	Physical Meeting
Venue:	Singapore

Disclosure and Compliance

The company has stated that the schedule of the Investors/Analysts meeting is subject to change, which may occur due to exigencies on the part of investors, analysts, or the company itself. Meesho has also confirmed that all discussions during the meeting will be based on publicly available information, and no unpublished price sensitive information is proposed to be shared. Further details of the announcement are available on the company's investor relations website at https://investor.meesho.com/announcements .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.77%	-9.52%	+4.27%	+5.86%	+5.86%	+5.86%

Meesho has received a revised target price from Morgan Stanley, with the global investment bank raising its price target to ₹190 from ₹174, while maintaining an Equal-weight rating on the stock. The revision reflects a positive reassessment of the company's recent operational performance and financial metrics.

Morgan Stanley's Rating and Target Price Revision

Morgan Stanley's updated stance on Meesho is anchored in a set of key performance indicators from the company's Q4 results. The brokerage highlighted continued NMV acceleration as a primary driver, alongside a notable improvement in contribution margin. The following table summarises the key details of Morgan Stanley's revised assessment:

Parameter:	Details
Rating:	Equal-weight
Revised Target Price:	₹190
Previous Target Price:	₹174
Contribution Margin:	4%
Key Performance Driver:	Q4 NMV Acceleration
Profitability Metric:	Better-than-expected Adjusted EBITDA

Key Drivers Behind the Revised Target

Several operational and financial factors contributed to Morgan Stanley's decision to raise the target price on Meesho:

NMV Acceleration: Continued growth in net merchandise value during Q4 was identified as a positive indicator of platform demand and scale.
Contribution Margin Improvement: The contribution margin improved to 4%, reflecting enhanced unit economics on the platform.
Adjusted EBITDA Outperformance: Adjusted EBITDA came in better than expected, driven by operating leverage across the business.
Management Focus: The company's management maintained a continued emphasis on near-term growth as a strategic priority.

Outlook

The Equal-weight rating maintained by Morgan Stanley indicates a neutral stance relative to the broader market, suggesting the brokerage views the stock as fairly valued at current levels following the target price revision. The combination of improving contribution margins, operating leverage benefits, and NMV momentum forms the basis of the updated ₹190 price target.