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Meesho falls 3% on reported Elevation block deal as Q1 growth strengthens
Meesho shares fell amid reports that Elevation Capital may sell its stake through a block deal. The marketplace reported strong Q1 revenue, NMV and user growth with narrower losses, while broker targets range from Rs 185 to Rs 240.
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Reported figures
From the report. Source details below
| Shares fell 3.05% to | Rs 177 |
|---|---|
| Market capitalization fell below | Rs 83,000 crore |
| Elevation Capital reportedly may sell a 12% stake worth | Rs 1,200 crore |
| Elevation Capital held 12.04% as of June | 2026 |
| Stock is over 30% below its | Rs 254.65 post-listing high |
| IPO raised Rs 5,421 crore at | Rs 111 per share |
| Q1 revenue rose 48% YoY to | Rs 3,712.8 crore |
| Q1 EBITDA loss was | Rs 224.7 crore |
| NMV rose 34% YoY to | Rs 11,614 crore |
| Contribution margin was 4.6% of NMV, up | 54 bps sequentially |
| Annual transacting users rose 29% to | 274 million |
| Q1 placed orders rose 29% YoY to | 725 million |
| Choice Institutional Equities target: | Rs 220 |
Also in the report
- Purchase frequency reached 10.3 transactions per user annually
The source
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