Meesho delivered strong financial results for Q4FY26, with consolidated losses narrowing significantly to ₹166.34 crore compared to ₹1,391.38 crore in the corresponding quarter of the previous financial year, representing an 88% year-on-year reduction. According to reports from CNBC TV18, the company's total income rose to ₹3,646.98 crore from ₹2,526.61 crore in Q4FY25, marking a robust year-on-year increase. The loss is attributable to the owners of the parent company, with pre-tax loss also narrowing to ₹160.08 crore from ₹1,394.93 crore a year ago. Notably, the year-ago quarter included a large exceptional loss of ₹12,847.18 crore, which had heavily weighed on profitability, making the base less comparable.
The company's performance showed improvement on both loss and revenue metrics compared to the previous quarter. As reported by CNBC TV18, losses were lower on a sequential basis, falling from ₹491 crore in Q3FY26, while the topline remained flat quarter-on-quarter versus ₹3,518 crore in Q3FY26. This sequential stability indicates the company's ability to maintain revenue momentum while continuing its path toward profitability. The quarter also saw a sharp recovery in contribution margin to 4.0% of NMV and an improvement of 245 basis points quarter-on-quarter in Adjusted EBITDA (Marketplace) to -1.7% of NMV, driven by logistics cost normalization, network optimization, and operating leverage at scale.
Meesho, which claims to be India's largest e-commerce platform by Annual Transacting Users (ATUs) and orders placed, reported strong operational metrics in Q4FY26. According to CNBC TV18, the company achieved a net merchandise value (NMV) of ₹11,371 crore, up 43% year-on-year, with 717 million orders (+43% YoY). This growth was driven by continued new user onboarding and deeper engagement from existing customer cohorts, demonstrating the platform's expanding market reach and user retention capabilities. The company also reported a sharp recovery in contribution margin to 4.0% of NMV and an improvement of 245 basis points quarter-on-quarter in Adjusted EBITDA (Marketplace) to -1.7% of NMV.
Despite the significant improvement in profitability, Meesho faced rising operational costs during the quarter. As reported by CNBC TV18, total expenses increased to ₹3,807.06 crore from ₹2,636.83 crore in Q4FY25, driven by higher employee costs and other operating expenses linked to business expansion. The company's Founder & CEO Vidit Aatrey noted that "FY2026 has deepened our conviction that the Indian e-commerce market has far more depth than most people assume," indicating confidence in the platform's long-term growth potential despite current cost pressures.
