Meesho Limited has made the audio recording of its earnings conference call for the first quarter of fiscal year 2026-27 (Q1 FY27) available to the public. The recording, which captures management’s discussion on financial performance and strategic outlook, can be accessed via the company’s investor relations website.

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing follows an earlier intimation issued by the company on July 16, 2026, regarding the schedule of the earnings event.

Key Details

Rahul Bhardwaj, Company Secretary and Compliance Officer at Meesho Limited, signed the disclosure submitted to both the National Stock Exchange of India Limited and BSE Limited. The company requested stakeholders to take this information on record.

Regulatory Compliance

The submission adheres to mandatory transparency norms set by SEBI, ensuring that all listed entities provide equal access to material information shared during investor interactions. By hosting the audio recording online, Meesho ensures that retail and institutional investors alike can review the management commentary without delay.

No specific financial figures were disclosed in this particular regulatory filing, as it serves solely to notify the market of the availability of the recorded discussion. Investors seeking detailed financial metrics from the Q1 FY27 period are directed to refer to the full earnings report or listen to the complete conference call recording.

Meesho Limited reported a standalone profit of ₹3,537.70 million for the quarter ended June 30, 2026 (Q1FY27), marking a significant turnaround from the loss of ₹817.60 million in the same period last year. The company’s Net Merchandise Value (NMV) grew 34% year-on-year to ₹11,614 crore, while the Contribution Margin expanded to a record 4.6% of NMV. This profitability milestone signals improving unit economics driven by logistics efficiencies, improved platform monetization, and lower Return-to-Origin (RTO) rates, despite headwinds from fuel price escalation and minimum wage increases.

The Board of Directors approved the unaudited financial results on July 23, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations. Statutory auditors M/s S.R. Batliboi & Associates, LLP issued a Limited Review Report confirming the results. While the consolidated entity posted a narrower loss of ₹1,328.35 million compared to ₹2,893.58 million in Q1FY26, the divergence reflects ongoing investments in new initiatives and logistics infrastructure. Standalone results are not directly comparable with the previous year due to the demerger of e-commerce and grocery undertakings effective June 1, 2025.

Key Financial Metrics

The following table summarises Meesho's standalone and consolidated financial performance for the quarter:

Operational Growth and Unit Economics

Meesho's marketplace performance strengthened with Annual Transacting Users (ATUs) growing 29% YoY to 274 million. Placed Orders increased 29% YoY to 725 million, reflecting an average of more than 90 orders every second. Purchase frequency improved to 10.3 transactions per user annually, indicating deeper engagement from existing cohorts. Prepaid orders reached approximately 37% of shipped orders, contributing to lower cancellations and RTO rates.

Marketplace Revenue from Operations grew 48% YoY to ₹3,707 crore. Adjusted EBITDA for the Marketplace segment improved to (1.2%) of NMV or (₹139 crore) in Q1FY27, compared to (1.7%) or (₹148 crore) in Q1FY26, representing a 51 basis point year-on-year improvement. Last Twelve Months (LTM) Free Cash Flow improved by approximately 15% to (₹537 crore) from (₹633 crore) in the previous quarter. The cash balance stood at ₹6,521 crore at the end of the quarter.

Strategic Investments and Governance Updates

The Board approved an additional investment of up to ₹75 crore in Meesho Grocery Private Limited by way of subscribing to a rights issue or further issue of capital. Additionally, Meesho acquired one equity share representing 0.01% of the paid-up equity share capital of Meesho Payments Private Limited for ₹327, increasing its stake to 100%. This acquisition makes Meesho Payments Private Limited a wholly-owned subsidiary, facilitating smoother intra-group transactions.

In governance developments, the Board approved alterations to the Articles of Association to incorporate nomination rights for Founders Vidit Aatrey and Sanjeev Kumar, who can remain on the Board if they collectively hold at least 3% of the paid-up equity share capital. Significant investors holding at least 8.00% of the equity share capital on a fully diluted basis will also have nomination rights, subject to shareholder approval. These changes are detailed under SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

What the Numbers Show

The expansion in Contribution Margin to 4.6% alongside a 34% growth in NMV indicates improving unit economics despite structural cost increases. The company passed these costs through to the ecosystem while maintaining disciplined capital allocation. However, LTM Free Cash Flow remained negative at (₹537 crore), reflecting sustained investment in new user acquisition, AI talent, and technology capabilities. The strong cash position of ₹6,521 crore provides flexibility for long-term growth opportunities.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0VDM01015/3dd6eaa1-92da-4838-83c8-f390e50bb307.pdf