Meesho Q2 results: net loss narrows to Rs 132.4 crore as revenue rises 34.4%

Meesho said in a filing with the National Stock Exchange that its consolidated net loss for the quarter ended 30 September 2026 (Q2 FY27) was Rs 132.4 crore, against a loss of Rs 411.4 crore a year earlier. Revenue from operations was Rs 4,131.6 crore, up 34.4% year on year. The board approved the unaudited results on 28 October 2026.

What Happened

The figures below are consolidated and come from the company's filing, with amounts converted from the table's millions of rupees to crore.

Revenue from operations was Rs 4,131.6 crore, against Rs 3,073.7 crore in the September 2025 quarter and Rs 3,712.8 crore in the June 2026 quarter. That is growth of 34.4% year on year and 11.3% from the previous quarter. Total income, which includes other income of Rs 127.4 crore, was Rs 4,259.0 crore.

The company reported a loss before tax of Rs 123.3 crore and a tax expense of Rs 9.2 crore, leaving a net loss of Rs 132.4 crore. The loss was Rs 132.8 crore in the June 2026 quarter and Rs 411.4 crore a year earlier. The year-earlier quarter included exceptional items of Rs 45.0 crore and a tax expense of Rs 80.9 crore. The filing notes that the year-earlier quarter's figures are derived balancing figures between audited half-year and first-quarter numbers. Loss per share was Re 0.28, against Re 0.97.

For the half year ended 30 September 2026, revenue from operations was Rs 7,844.4 crore, up 40.6% from Rs 5,577.5 crore, and the net loss was Rs 265.3 crore, against Rs 700.7 crore.

The notes to the results also record that income tax authorities made additions to the company's taxable income for assessment year 2023-24, raising a demand of Rs 1,499.7 crore along with a show-cause notice for penalty proceedings. The company says it has filed a rectification request and an appeal. A similar demand of Rs 572.1 crore for assessment year 2022-23 is under an interim stay granted by the Karnataka High Court. The company says its management is confident of a favourable outcome.

The company also entered an agreement on 12 June 2026 to buy Kirana Club Pte. Ltd. and a small stake in its Indian subsidiary for Rs 202.1 crore in total, payable in two tranches, with completion expected in the quarter ending 31 December 2026.

What It Means

The company remained loss-making in the quarter, though the loss was far smaller than a year earlier and close to the previous quarter's. The tax demands are disputed matters described in the company's own notes, not final outcomes. This report states what the company disclosed and does not forecast results.

Source: Company filing on NSE