Meesho Q3 results: Net loss rises 12x YoY to Rs 491 crore, revenue up 32% YoY

Meesho Q3 Results

Value commerce platform Meesho on January 30 reported a 12-fold year-on-year (YoY) increase in its net loss to Rs 490.7 crore in the third quarter (Q3) of financial year 2025-26 (FY26), compared to Rs 37.4 crore in the same period a year ago. The company had posted a loss of Rs 411.4 crore in the previous quarter, according to regulatory filings.

The Bengaluru-based firm, in its first quarterly results post-IPO, also reported a revenue from operations of Rs 3,517.6 crore, up 32 percent YoY from Rs 2,673.6 crore in the year-ago period. It had reported a revenue of Rs 3,073.7 crore in the previous quarter.

Total expenses for the firm increased 44 percent to Rs 4,071.3 crore in the quarter ended December, up from Rs 2,822.8 crore a year ago and Rs 3,540.4 crore a quarter ago.

“Our Q3 results reflect the strength of Meesho’s flywheel, with more users transacting more frequently, driving platform growth while building long-term habits in previously underserved markets. Today, we serve 251 million consumers and enable business growth for 846,000+ sellers annually, many of whom are first-time e-commerce users," said Vidit Aatrey, founder and CEO, Meesho.

"Becoming a public company changes how we are accountable, but it does not change what we optimize for, as platform health and disciplined growth remain our priority. Our north star is Free Cash Flow per share, which captures the real cash generated after reinvestment and reflects the long-term economics of our business," he added.

According to the company, orders placed on the platform for Q3 FY26 stood at 690 million, up 36 percent year-on-year, while Annual Transacting Users grew 34 percent year-on-year to 251 million, with users transacting 9.78x on average.

The company reported Rs 10,995 crore in net merchandise value (NMV) in Q3 FY26, up 26 percent YoY, and Rs 30,189 crore for the 9 months ending December FY26.

On January 30, Meesho’s shares on BSE closed 3.39 percent higher at Rs 173.95 apiece.