Meesho beats Q1 revenue estimates as marketplace growth narrows loss
· Source: sg.finance.yahoo.com
In short
Meesho Ltd reported a narrower-than-expected quarterly loss for Q1 June 2026, driven by strong marketplace growth and improving profitability. The company's net merchandise value grew 34% year-on-year to ₹11,614 crore, while AI-powered tools helped expand its seller base by 81% to 1.04 million annual transacting sellers. Despite continued investments in AI, logistics, and new businesses, the company improved its contribution margin and reported consolidated revenue of ₹3,712.8 crore, beating analyst estimates.
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Tags: e-commerce, logistics, AI, marketplace, earnings, India