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Meesho (MEESHO) investor relations material
Meesho Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Annual transacting user base reached 251 million, up 34% year-over-year, maintaining leadership in user and order volume among Indian platforms.
Seller base grew 81% year-over-year to 846,000, driven by onboarding non-GST sellers and improved technology for sellers.
Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and published following a Board meeting on January 30, 2026.
The company completed its IPO, listing shares on NSE and BSE on December 10, 2025.
Major corporate restructuring included a composite scheme of arrangement, demerger of grocery and marketplace businesses, and amalgamation of the erstwhile holding company.
Financial highlights
Consolidated revenue from operations for the quarter ended December 31, 2025, was ₹35,175.98 million; for the nine months, ₹90,951.36 million.
Consolidated net loss for the quarter was ₹4,906.75 million; for the nine months, ₹11,913.93 million.
NMV for Q3 was INR 10,995 crore, up 26% year-over-year; nine-month NMV grew 37%.
LTM free cash flow was INR 56 crore, with free cash flow to equity at INR 437 crore and a cash balance of INR 7,277 crore.
Standalone revenue for the quarter was ₹15,788.85 million; net profit was ₹7,335.34 million, driven by a one-time gain on demerger.
Segment performance
Marketplace segment contributed ₹35,151.66 million in revenue for the quarter; New Initiatives contributed ₹24.32 million.
Segment results showed a loss of ₹4,602.31 million for Marketplace and a loss of ₹193.91 million for New Initiatives in the quarter.
Home and kitchen, beauty, personal care, kids, and grocery categories are growing rapidly, with Meesho Mall driving branded product growth.
Top quartile users transact over 20 times a year, with frequency increasing as cohorts mature.
- TimeTickerHeadlineOpen
- 532548
Q3 revenue up 18.4% YoY, margin gains, and expansion plans drive strong outlook despite risks. - GALE
Strong sales and profit growth, digital expansion, and higher dividend proposed for 2024. - BPE
Adjusted net profit hit €2.1bn, with a 75% payout and BPSO integration progressing. - MANE
VDPHL01 could reshape PHL treatment with rapid, consistent results and broad market potential. - 247540
2026 is set for robust growth, driven by Indonesian smelters and rising metal prices. - NOBI
Nordic focus, UK exit, and cost cuts drive margin gains and volume growth amid restructuring. - NEWA
Record revenue above SEK 10 billion, resilient growth, and a SEK 3.00 dividend proposed. - RBX
Revenue up 29.7%, profit and HEPS surged, order book at R24.5bn, outlook positive. - ANTHEM
Strong margins, robust pipeline, and IPO proceeds support a positive FY26 outlook. - 017670
Sharp declines in revenue and profit from a cybersecurity incident; AI and data centers drive growth.
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