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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

The source

Source Read the source at The Hindu BusinessLine

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