Meesho Limited (MEESHO)
₹227.20 +1.52% last close, 16 Oct
Q2 FY27 results
📅 Next results: 28 Oct 2026 (board meeting)Meesho Limited's board meets on 28 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Meesho's revenue was ₹3,713 Cr (+48.3% year on year, +5.1% on the previous quarter), and net profit ₹-133 Cr (a smaller loss than a year earlier); the operating margin was -6.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3,713 | +48.3% | +5.1% |
| Operating profit | ₹-225 | loss narrowed | loss narrowed |
| Net profit | ₹-133 | loss narrowed | loss narrowed |
| EPS (₹) | -0.28 | loss narrowed | loss narrowed |
| Operating margin | -6.1% | — | — |
MEESHO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 51.36% of the MEESHO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 42.59%. That is close to its usual level. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 37.3% · 28.2% · 61.9% · 32.6% · 51.4%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Meesho reported approximately 75% YoY growth in Day 1 orders during its Mega Blockbuster Sale 2026, with peak volume crossing ~75,000 orders per minute. Transacting customers grew ~60% YoY, while transacting sellers expanded ~63% YoY. In higher-margin and strategic segments, Meesho Mall orders rose over ~200% YoY and Content Commerce orders grew ~3.7X YoY. While GMV and revenue figures were not disclosed, these festive volume indicators follow Meesho's TTM revenue of ₹13,836 crore and ongoing net losses of ₹1,201 crore.
- Day 1 orders grew ~75% YoY with peak orders exceeding ~75,000 per minute within 15 minutes
- Transacting customers rose ~60% YoY and transacting sellers increased ~63% YoY
- Meesho Mall orders surged over ~200% YoY, with Tier 3+ Mall customers nearly tripling
- Content Commerce orders increased ~3.7X YoY, with ~81% of creators from non-metro India
- AI-powered discovery and personalized recommendations drove ~85% of Day 1 orders
Meesho Limited's Board has approved an investment of up to ₹50 crore in Retail Pulse Labs Private Limited (RPLPL), subject to closing the first tranche of its acquisition of Kirana Club Pte. Ltd. and RPLPL. The overall acquisition consideration remains unchanged at ₹202.09 crore, with procedural adjustments incorporated via an amended share purchase agreement. RPLPL, a B2B network for kirana retailers, reported FY26 audited turnover of ₹16.04 crore and a net loss of ₹1.60 crore. Relative to Meesho's TTM revenue of ₹13,836 crore, the total acquisition and proposed follow-on investment together represent under 2% of top line.
- Approved follow-on investment of up to INR 50,00,00,000 (₹50 crore) in RPLPL within 1 year post-closing of Tranche 1.
- Aggregate acquisition consideration of INR 2,02,08,52,202.40 (₹202.09 crore) remains unchanged.
- RPLPL reported audited turnover of ₹16.04 crore and a net loss of ₹1.60 crore for FY26.
- Target revenue grew rapidly from ₹2.70 crore in FY24 and ₹4.92 crore in FY25 to ₹16.04 crore in FY26.
Meesho announced that Net Merchandise Value (NMV) via its Content Commerce ecosystem grew 152% YoY for the 12-month period ending August 31, 2026. Over 1.6 lakh active creators participated, with nano creators accounting for 90% of the creator base and 70% comprising homemakers and young graduates. Additionally, more than 4 lakh sellers have opted into this channel, generating 66% of Content Commerce orders from Tier 3 and Tier 4 markets. Its short-form video platform, Video Finds, logged over 4,800 crore content views during the period.
- Content Commerce Net Merchandise Value (NMV) grew 152% year-on-year
- Over 1.6 lakh active creators participated in the last 12 months, with 90% being nano creators
- Tier 3 and Tier 4 towns generated 66% of all Content Commerce orders
- More than 4 lakh sellers opted into the Content Commerce ecosystem
- Video Finds recorded nearly 4,800 crore content views and ~9,000 crore minutes of watch time
Meesho Limited has informed the exchanges that it will participate in in-person one-on-one and group meetings with institutional investors on Monday, September 21, 2026. The company noted that discussions will strictly rely on publicly available information with no unpublished price-sensitive information shared. Additionally, Meesho cited an inadvertent administrative oversight that led to a delay in meeting the prescribed two-working-day prior notice required under SEBI Listing Regulations.
- Institutional investor meetings scheduled for Monday, September 21, 2026
- Meeting format will be in-person/physical one-on-one and group interactions
- No unpublished price sensitive information (UPSI) to be shared during the interactions
- Filing intimates an inadvertent delay relative to SEBI's 2 working days advance notification requirement
Meesho Limited conducted its 11th Annual General Meeting on September 18, 2026, via video conferencing. A total of 65 members attended the meeting, where three resolutions were put to vote: the adoption of FY26 financial statements, the re-appointment of Nominee Director Mukul Arora, and approval for altering the Articles of Association. Remote e-voting concluded on September 17, 2026, and the final scrutinizer voting results are being submitted to the exchanges.
- 11th AGM held on September 18, 2026, commencing at 12:00 PM and concluding at 1:05 PM IST
- 65 members attended the meeting through video conferencing
- 3 resolutions tabled, including a Special Resolution to alter the Articles of Association
- Statutory and Secretarial Auditors' reports for FY26 had no qualifications or adverse remarks
Meesho Limited conducted its 11th Annual General Meeting (AGM) on September 18, 2026, through video conferencing. A total of 65 members attended the meeting, where three resolutions were tabled, including the adoption of FY26 financial statements, the re-appointment of Nominee Director Mukul Arora, and an alteration of the Articles of Association. Remote e-voting concluded on September 17, 2026, and final voting results with the Scrutinizer's report will be disclosed separately.
- 11th AGM held on September 18, 2026, from 12:00 PM to 1:05 PM IST
- 65 members attended the AGM via Video Conferencing / OAVM
- Remote e-voting was conducted from September 13 to September 17, 2026
- 3 resolutions tabled, including 2 Ordinary Resolutions and 1 Special Resolution to alter Articles of Association
Meesho Limited has announced the closure of its trading window for all Designated Persons and their immediate relatives starting Wednesday, September 16, 2026. The closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter and half-year ending September 30, 2026. The window will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated financial results. The specific date of the board meeting to consider and approve these results will be notified separately.
- Trading window closes effective Wednesday, September 16, 2026
- Window remains closed until 48 hours post declaration of Q2 and H1 FY27 results
- Applies to all Designated Persons and their Immediate Relatives
- Board meeting date to approve results for period ending September 30, 2026 to be intimated later
Meesho Limited issued a corrigendum to its 11th AGM notice (scheduled for September 18, 2026) following shareholder feedback on Item No. 3 regarding Article 122 amendments. The company has completely withdrawn and omitted the proposed Significant Investor Nomination Right (Article 122 B). Additionally, Founders Vidit Aatrey and Sanjeev Kumar retain Board nomination rights provided they collectively hold at least 3% of paid-up share capital or 75,62,14,937 equity shares. All special nomination rights will require shareholder re-validation via Special Resolution every 5 years under SEBI Listing Regulations.
- Completely withdrawn proposed Article 122(B) governing Significant Investor Nomination Rights based on shareholder feedback
- Founders' nomination right requires holding at least 3% paid-up equity capital or 75,62,14,937 Equity Shares
- Nomination rights under the amended framework will expire every 5 years, requiring fresh Special Resolution approvals
- 11th AGM scheduled to be held on Friday, September 18, 2026, at 12:00 noon IST via Video Conferencing
Meesho Limited issued a corrigendum to its 11th AGM notice regarding the amendment of Article 122 of its Articles of Association. Following shareholder feedback, the company has completely withdrawn proposed Article 122(B), which granted significant investor nomination rights. The revised amendment retains founder board nomination rights for Vidit Aatrey and Sanjeev Kumar provided they collectively hold at least 3% equity capital or 75,62,14,937 equity shares, subject to five-year re-approvals via Special Resolution under SEBI Regulation 31B.
- Withdrew proposed Article 122(B) governing nomination rights for significant investors following shareholder feedback
- Founders retain nomination rights so long as they hold at least 3% paid-up equity capital or 75,62,14,937 equity shares
- Special rights subject to automatic expiry every 5 years requiring shareholder approval via Special Resolution per SEBI Regulation 31B
- 11th AGM scheduled to be held on September 18, 2026, through video conferencing
Meesho Limited has informed the stock exchanges that it will participate in an investors and analysts meet on Wednesday, September 16, 2026. The interactions will include one-on-one and group meetings held in-person or physically. The company stated that discussions will be restricted to publicly available information, with no unpublished price-sensitive information to be shared. In its latest reported quarter (Jun 2026), Meesho generated Rs 3,712.81 cr in revenue with a net loss of Rs 132.84 cr.
- Scheduled meeting date is Wednesday, September 16, 2026
- Format includes one-on-one and group meetings via in-person / physical mode
- No unpublished price sensitive information (UPSI) will be shared
- Follows Jun 2026 quarterly revenue of Rs 3,712.81 cr and net loss of Rs 132.84 cr
Meesho Limited announced an organizational restructuring within its Product team effective September 09, 2026. Under the new structure, product leaders will report directly to their respective Business Heads rather than a centralized Chief Product Officer. Consequently, the CPO role is discontinued, and Prasanna Arunachalam ceases to be classified as Senior Management Personnel (SMP), although he remains employed with the company. The move aims to align product strategy closer to business units following a Jun 2026 quarterly revenue of Rs 3,712.81 cr.
- CPO role stands discontinued effective September 09, 2026
- Prasanna Arunachalam ceases to be Senior Management Personnel but remains employed at the company
- Product leaders will now report directly to respective Business Heads
- Follows Q1 FY27 (Jun 2026) revenue of Rs 3,712.81 cr and net loss of Rs 132.84 cr
Meesho Limited has informed the stock exchanges that it will participate in institutional investor meetings on Thursday, September 10, 2026. The interactions are scheduled as physical, in-person one-on-one and group sessions. The company affirmed that discussions will be based solely on publicly available information, with no unpublished price-sensitive information being shared.
- Institutional investor meetings scheduled for Thursday, September 10, 2026
- Format involves in-person and physical one-on-one and group meetings
- Company confirmed no unpublished price sensitive information (UPSI) will be shared
- Filed pursuant to Regulation 30 of SEBI Listing Regulations
Meesho Limited has approved the allotment of 13,52,253 equity shares of face value Re. 1 each upon the exercise of vested employee stock options under its ESOP 2024 Plan. Following the allotment, the company's paid-up equity share capital increased from Rs 4,62,48,68,382 to Rs 4,62,62,20,635. The newly issued shares rank pari-passu with existing equity shares and result in a negligible dilution of approximately 0.03% of the total equity base.
- Allotment of 13,52,253 equity shares of face value Re. 1/- each under ESOP 2024 Plan
- Paid-up equity share capital expands from Rs 4,62,48,68,382 to Rs 4,62,62,20,635
- Total outstanding equity shares increase to 4,62,62,20,635
- Resolution approved by the Nomination and Remuneration Committee on September 03, 2026
Meesho Limited's Nomination and Remuneration Committee approved the allotment of 13,52,253 equity shares of face value Re. 1 each on September 03, 2026, pursuant to the exercise of vested options under the ESOP 2024 Plan. Consequently, the company's paid-up equity share capital increased from Rs. 4,62,48,68,382 to Rs. 4,62,62,20,635. The newly issued shares rank pari-passu with existing equity shares. The resulting equity dilution is marginal at approximately 0.03%.
- Allotment of 13,52,253 equity shares of face value Re. 1 each under ESOP 2024 Plan
- Paid-up share capital increased to Rs. 4,62,62,20,635 from Rs. 4,62,48,68,382
- Total number of issued shares expanded by 13,52,253 shares (~0.03% dilution)
- Approved via circular resolution by the Nomination and Remuneration Committee on September 03, 2026
Meesho Limited has issued a communication to shareholders whose email addresses were not registered, providing web links and QR codes to access the Annual Report and Notice for its 11th Annual General Meeting (AGM) for FY 2025-26. The AGM is scheduled for Friday, September 18, 2026, at 12:00 noon IST via Video Conferencing. The cut-off date to determine e-voting eligibility is Friday, September 11, 2026, with the e-voting window open from September 13 to September 17, 2026.
- 11th AGM scheduled for Friday, September 18, 2026, at 12:00 noon IST via Video Conferencing
- Cut-off date to determine e-voting entitlement is Friday, September 11, 2026
- Remote e-voting period runs from September 13, 2026 (9:00 AM) to September 17, 2026 (5:00 PM)
- Dispatched to shareholders whose email addresses were not registered as on August 21, 2026
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Raw Materials
Not applicable as Meesho is an e-commerce platform; however, the platform facilitates the sale of consumer goods, apparel, and electronics.
Strategic Growth
Growth Strategy
The company is focusing on leadership realignment to drive growth, specifically by appointing Milan Partani as General Manager – Commerce Platform effective January 07, 2026. This strategy aims to integrate user growth and content commerce more deeply into the core commerce platform to enhance user acquisition and retention.
Products & Services
E-commerce marketplace services, content commerce, and platform-based retail facilitation.
Brand Portfolio
Meesho
External Factors
Industry Trends
The e-commerce industry is evolving toward 'Content Commerce' and integrated commerce platforms. Meesho is positioning itself by consolidating leadership under a 'Commerce Platform' role to better align user growth with transactional efficiency in a highly competitive digital retail market.
Competitive Moat
The company's moat is built on its platform network effects and its focus on content-driven commerce, which are sustained through strategic senior management placements in growth-focused roles.
Regulatory & Governance
Industry Regulations
The company must comply with e-commerce consumer protection rules and data privacy standards applicable to digital platforms in India.
Risk Analysis
Key Uncertainties
Management transition risks involving Senior Management Personnel (SMP) could impact the execution of the User Growth and Content Commerce strategy, potentially affecting platform engagement metrics.
Geographic Concentration Risk
The company is headquartered in Bengaluru, Karnataka, but geographic revenue concentration is not disclosed.
Technology Obsolescence Risk
As a digital platform, Meesho faces risks related to the rapid evolution of e-commerce technology and content delivery algorithms.
