MEESHO Meesho Q3 FY26 results (Oct–Dec 2025) and concall
Meesho reported a strong Q3 FY26 with significant growth in its annual transacting user base (251 million, +34% YoY) and seller base (846,000, +81% YoY). Net Merchandise Value grew 26% YoY to ₹10,995 crores for the quarter. While contribution margin was 2.3% due to temporary logistics cost spikes, management expects profitability to improve, with EBITDA losses having peaked and margins converging to Q1 FY26 levels within two quarters. The company continues to focus on category expansion, ad monetization, and maintaining an asset-light logistics model.
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What they filed
Q3 FY26: revenue up 31.3%, net profit down 1227.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 2,679 | 2,400 | 2,504 | 3,074 | 3,518 +31% |
| EBITDA | -131 | -231 | -264 | -456 | -539 −311% |
| Net profit | -37 | -1,391 | -289 | -411 | -491 −1227% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
