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Meesho posts 48% revenue growth and commits ₹75 crore to grocery expansion

Meesho shares rose after Rs 1,949 crore block deals. The marketplace reported narrower June-quarter losses and 48.3% revenue growth, while approving a Rs 75 crore infusion into Meesho Grocery to expand operations and offerings.

Newer report on another story , , Business Today : Meesho falls nearly 2% as 1.73% stake changes hands in block deals

07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

June-quarter net loss: Rs 132.8 crore
June-quarter revenue: Rs 3,713 crore
NMV: Rs 11,614 crore

Also in the report

  • Rs 186 average block-deal price
  • 2.21% intraday share-price gain
  • 34% year-on-year NMV growth

Other figures

  • 104.8 million shares
  • 2.27% equity
  • Rs 195.90 intraday high

The source

Source Read the source at NDTV Profit Published

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