Quarterly Result28 Oct 2026, 05:32 pm
Meesho Q2 FY27 NMV Grows 23% to ₹12,911 Cr
AI Summary
Meesho Ltd has released its Q2 FY27 Shareholder's Letter, reporting a 23% year-on-year increase in Net Merchandise Value (NMV) to ₹12,911 crore and a 17% rise in Placed Orders to 819 million. Annual Transacting Users grew 21% YoY to 284 million. The company noted that the festive season timing shift impacted the quarter, with NMV growing 33% YoY on a festive-aligned basis. Contribution Margin improved to 6.0% of NMV. Last Twelve Months (LTM) Free Cash Flow was negative at (₹565) crore, while quarterly free cash flow was ₹345 crore, supported by seasonal working capital. Meesho Mall saw significant growth, with NMV up 81% YoY. The company is investing in AI agents and expanding its GPU capacity.
Key Highlights
- NMV increased 23% YoY to ₹12,911 Cr in Q2 FY27.
- Annual Transacting Users reached 284 million, up 21% YoY.
- Contribution Margin improved to 6.0% of NMV.
- Festive timing shift impacted Q2; festive-aligned NMV grew 33% YoY.
- Meesho Mall NMV surged 81% YoY.
Price Impact
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