Meesho Q1 FY27: NMV up 34% to ₹11,614 Cr, Contribution Margin at 4.6%

Meesho Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a 34% year-on-year growth in Net Merchandise Value (NMV) to ₹11,614 crore. Contribution Margin expanded to 4.6% of NMV, up 54 basis points quarter-on-quarter, driven by logistics efficiencies and improved platform monetization. Marketplace Revenue from Operations grew 48% YoY to ₹3,707 crore. Annual Transacting Users increased by 29% YoY to 274 million, with purchase frequency rising to 10.3 transactions per user annually. Marketplace Adjusted EBITDA improved to (1.2%) of NMV. The company highlighted the foundational role of AI in its operations, contributing to productivity gains and enhanced customer experiences.