Meesho earnings improved in the second quarter of fiscal 2027 as the Indian e-commerce platform’s net loss narrowed 68% from a year earlier to ₹132 crore and operating revenue rose 34% to ₹4,131 crore.

Key Takeaways

  • Total expenses rose 23.8% year over year to ₹4,382.27 crore.
  • Meesho expects festive-sale timing to make December-quarter growth appear stronger than the underlying trend.

Meesho earnings and customer activity

Annual transacting users increased 21% year over year to 284 million, while purchase frequency over the last 12 months rose 7% to 10.4.

First-time buyers increased 16% from the preceding quarter. Annual transacting sellers grew 60% year over year to 1.13 million.

Festive sales and December-quarter outlook

Co-founder and CEO Vidit Aatrey said festive-season net merchandise value grew 33% year over year on a festive-aligned basis.

In its shareholder letter, Meesho said a shift in the timing of its festive sale would make year-over-year growth in the December quarter look stronger than the underlying trend. The company also said it remained watchful of macroeconomic pressures. The outlook is separate from its reported second-quarter results.

Separately, Info Edge plans CEO transition

Info Edge founder Sanjeev Bikhchandani is set to return as chief executive, succeeding Hitesh Oberoi. Oberoi will step down from his executive responsibilities on December 2 but remain on the board as a non-executive, non-independent director.

Info Edge’s management team page lists Bikhchandani as founder and executive vice chairman and Oberoi as managing director and CEO. Under the planned transition, Bikhchandani will take on the expanded role of executive vice chairman, managing director and group CEO.

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