Quarterly Updates23 Jul 2026, 05:20 pm
Meesho Q1 FY27: NMV up 34% to ₹11,614 Cr, Users 274 Mn
AI Summary
Meesho Ltd has released its Q1 FY27 shareholder letter, detailing a 34% year-over-year increase in Net Merchandise Value (NMV) to ₹11,614 crore and a 29% YoY growth in Annual Transacting Users (ATUs) to 274 million. The company reported improved LTM frequency to 10.3 and a significant 81% YoY growth in Annual Transacting Sellers to 1.04 million. Contribution Margin expanded to 4.6%. Despite a decrease in LTM Free Cash Flow, the company maintains a strong cash balance of ₹6,521 crore. Key strategic initiatives include AI-led productivity gains in software development and growth in Meesho Mall and Content Commerce.
Key Highlights
- NMV grew 34% YoY to ₹11,614 Cr, driven by user growth and engagement.
- Annual Transacting Users reached 274 million, up 29% YoY.
- Annual Transacting Sellers grew 81% YoY to 1.04 million.
- Contribution Margin improved to 4.6% from 4.0%.
- Cash balance stands at ₹6,521 Cr, though LTM FCF is negative.
Price Impact
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