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Meesho narrows Q1 loss as NMV rises 34%, but shares slide 6%
Meesho narrowed its Q1FY27 loss to ₹133 crore as NMV grew 34%, while shares fell 6%. The marketplace guided for 25% five-year CAGR, capped experimental burn at ₹200 crore, and approved up to ₹75 crore for grocery subsidiary investment.
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Reported figures
From the report. Source details below
| Shares fell 6% to ₹180.35; intraday low ₹177.50 versus previous close | ₹188.95 |
|---|---|
| Last-twelve-month free cash flow improved | approximately 15% |
| Baseline AOV decline | approximately 5% year-on-year |
| Acquisition of one Meesho Payments share, representing | 0.01% equity |
| JM Financial target price | ₹185 |
Also in the report
- Q1FY27 consolidated loss ₹133 crore versus ₹289.3 crore in Q1FY26
- Marketplace adjusted EBITDA -1.2% of NMV
- Valuation around 45x FY29E EV/Adjusted EBITDA
Other figures
- Contribution margin 4.6%
- Choice target price ₹220
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