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Meesho share price & results

Meesho Limited· Consumer Services· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest e-commerce marketplace connecting value-conscious consumers with MSME sellers.

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Guidance Hit Rate
10 targets · 0% hit rate 0 achieved · 7 active →
Segment Shift
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Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹222.21 −0.36% · −₹0.8

Last close 2 Nov 2026 · NSE · INR · Source: Inve

Performance +22.4% YTD

₹140₹160₹180₹200₹220₹240JanFebMarAprJunJulAugSeptOctQ3 FY26 — 30 Jan 2026Q4 FY26 — 6 May 2026Q1 FY27 — 23 Jul 2026

YTD: ₹181.58 on 1 Jan 2026 → ₹222.21. High ₹240.67 (13 Oct 2026), low ₹134.77 (16 Mar 2026).

Previous close
₹223.01
Market cap
₹1.0L Cr
52-week range
₹134.77 – ₹240.67
Return on equity (TTM to Sept 2026)
-21.83%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue4,132 ₹ crore+34.4% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin-6.0 %+9.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit-132 ₹ crore—Quarterly, as filedQuarter to Sept 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity-21.83 %−30.6 ptsFY Mar 2026 vs FY Mar 2024Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-31.48 %−37.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)39.76 %+11.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

0 of 3 judged targets kept · 7 open · verdicts reflect calls analysed to Q1 FY27.

Meesho Limited management guidance track record on Inve: 10 targets tracked across analysed earnings calls (0 achieved, 3 missed, 7 open).

Watch execution in Operations & Margins (1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Operations Contribution Marginconverge to Q1 FY26 levels
Call transcript, Q3 FY26 · 30 Jan 2026		Q3 FY26Q1 FY27:The deadline for this promise passed this quarter. While the company reported significant efficiency gains, reducing cost per delivered order by ~₹1, it did not explicitly confirm that the margin had converged to Q1 FY26 levels.
Call transcript, Q1 FY27 · 23 Jul 2026		Ghosted
Growth Ad Monetization as % of GMV5.5-6%
Call transcript, Q3 FY26 · 30 Jan 2026		Q3 FY26Q1 FY27:Adoption remains strong with ~two-thirds of GMV-contributing sellers using ads. Management is focused on increasing this further. Ad revenue from Meesho Mall brands is higher than the platform average, supporting monetization growth.
Call transcript, Q1 FY27 · 23 Jul 2026		On Track

Source: Inve Guidance Tracker for Meesho Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Meesho Limited's 10 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 8 more targets are in the full ledger.

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Live Summary

MEESHO ₹222.21 −0.36%
Guidance Verdict (10 tracked) 0 kept · 7 open· 3 missed
AI Call Brief · Q1 FY27

Meesho Limited Q1 FY27

Overview

Symbol
NSE:MEESHO
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Meesho Limited does

Based on the company's own presentations, annual report and earnings calls.

Meesho runs an asset-light online marketplace that connects small, unbranded and MSME manufacturers directly with value-conscious consumers across India, without holding its own inventory. It earns primarily through order-fulfilment services and on-platform advertising rather than seller commissions. The company operates its own last-mile logistics platform, Valmo, which orchestrates local delivery partners instead of building centralised infrastructure, and is expanding into adjacent verticals including Meesho Mall (national/regional branded goods), Meesho Grocery and Meesho Payments (financial services). Originally launched in 2015 as a WhatsApp-based reselling platform, it now serves consumers via a low-end-device-optimised app with multilingual, image- and voice-based shopping built for first-time e-commerce users, including in rural India.

Segments

  • Marketplace
  • New Initiatives
Annual Transacting Users
251 million
Annual Transacting Sellers
846 thousand
Placed Orders
1.95 billion (9 months ended Dec FY26)
Purchase frequency
9.78 orders per user annually (LTM)
Market position
Most downloaded shopping app in India (Sensor Tower, Q3 FY26)
Market position
Largest e-commerce platform in India by Annual Transacting Users and Placed Orders
Founded 2015Headquarters Bengaluru, Karnataka Company website

How the price took the results

Moved an average of ±2.6% across the last 3 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q1 FY2723 Jul 263,713 -133+48.3%₹189.87 → ₹188.95−0.5%
Q4 FY266 May 263,531 -166+47.1%₹203.73 → ₹196.28−3.7%
Q3 FY2630 Jan 263,518 -491+31.3%₹168.18 → ₹174.15+3.5%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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PEER COMPARISON
Median ₹1.0L Cr Mkt Cap
₹0 Cr₹1.0L Cr₹2.0L Cr₹3.0L CrMeesho Limited (MEESHO): ₹1.0L Cr₹1.0L CrMEESHOAvenue Supermarts Limited (DMART): ₹2.1L Cr₹2.1L CrDMARTTrent Limited (TRENT): ₹1.6L Cr₹1.6L CrTRENTLenskart Solutions Limited (LENSKART): ₹1.2L Cr₹1.2L CrLENSKARTThe Indian Hotels Company Limited (INDHOTEL): ₹1.1L Cr₹1.1L CrINDHOTELFSN E-Commerce Ventures Limited (NYKAA): ₹1.0L Cr₹1.0L CrNYKAAInfo Edge (India) Limited (NAUKRI): ₹77,136 Cr₹77,136 CrNAUKRISwiggy Limited (SWIGGY): ₹51,135 Cr₹51,135 CrSWIGGYVishal Mega Mart Limited (VMM): ₹41,554 Cr₹41,554 CrVMM

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Quick Answers

Frequently asked questions on Meesho Limited

Compiled directly from MEESHO's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Meesho Limited (MEESHO) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Meesho Limited reported revenue of ₹4.1k Cr, net profit of ₹-132 Cr, an operating margin of −6.0%. Diluted earnings per share stood at ₹-0.29.

How is Meesho Limited (MEESHO) valued today, and what growth does the stock price imply?

Meesho Limited (MEESHO) trades at ₹222.21, with a market capitalization of ₹102.8k Cr.

Who owns Meesho Limited (MEESHO) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 16.3%, FIIs hold 9.8%, DIIs hold 13.6%, Public shareholders hold 60.2%.

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