Synopsis: Meesho reported strong Q4 FY26 growth with higher revenue and lower losses. Improved sales, better cost control, and strong customer demand helped boost business performance and profitability.
This Newly Listed Stock, engaged in e-commerce, enabling small businesses and individuals to sell products online through social commerce and digital marketplace services across India, jumped 7.56 percent after the company reported March quarterly results with a 47.15 percent YoY increase in revenue
With a market capitalization of Rs. 93,551.65 crores, the share of Meesho Limited has reached an intraday high of Rs. 211.35 per equity share, rising nearly 7.56 percent from its previous day’s close price of Rs. 196.50. Since then, the stock has retreated and is currently trading at Rs. 204.50 per equity share.
Q4 FY26 Result Walkthrough:
Coming into the quarterly results of Meesho Limited, the company’s consolidated revenue from operations increased by 47.15 percent YOY, from Rs. 2,399.75 crore in Q4 FY25 to Rs. 3,531.21 crore in Q4 FY26, and grew by 0.39 percent QoQ from Rs. 3,517.60 crore in Q3 FY26. Meesho Limited generated 99.83 percent of its revenue from Marketplace and 0.17 percent from New Initiatives in Q4 FY26.
In Q4 FY26, Meesho Limited’s consolidated net loss has reduced, reaching Rs. 166.35 crore compared to Rs. 1,391.38 crore during the same period last year. As compared to Q3 FY26, the net loss has also improved, from Rs. 490.68 crore. The basic earnings per share improved and stood at Rs. -3.39 as against Rs. -0.36 recorded in the same quarter in the previous year, FY2025.
Annual Performance of FY26:
Meesho Limited’s revenue has increased from Rs. 9,389.90 crore in FY25 to Rs. 12,626.35 crore in FY26, which has grown by 34.47 percent. The company’s net loss has reduced from Rs. 3,941.71 crore in FY25 to Rs. 1,357.74 crore in FY26.
Meesho Limited’s revenue has grown at a CAGR of 30.09 percent over the last three years. In terms of return ratios, the company’s ROCE and ROE stand at -35.6 percent and -42.3 percent, respectively. Meesho Limited has an earnings per share (EPS) of Rs. -2.97, and its debt-to-equity ratio is 0.01x.
Brokerage Viewpoints:
Morgan Stanley maintained an Equal-weight rating on Meesho and increased the target price to Rs 190 from Rs 174 due to better business performance and improving profitability. The company has shown strong NMV (Net Merchandise Value) growth, which indicates higher sales activity and better customer demand across its platform.
The brokerage also highlighted that Meesho’s EBITDA performance was better than expected because of operating leverage, meaning the company is managing costs more efficiently as revenue grows. At the same time, Meesho continues to focus on expanding its business and increasing market reach. However, despite the target price hike, the Equal-weight rating suggests limited upside potential.
Company Overview:
Meesho Limited is an Indian e-commerce company headquartered in Bengaluru, Karnataka. Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, it operates a value-focused online marketplace connecting consumers, sellers, logistics partners, and content creators. Known for its “everyday low prices” model, Meesho has become a leading platform democratizing online retail for India’s mass market.
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