Ecommerce major Meesho’s consolidated net loss zoomed 13X to INR 490.7 Cr in the December 2025 quarter (Q3 FY26) from INR 37.4 Cr in the year-ago quarter. On a sequential basis, loss rose 19% from INR 411.4 Cr. Operating revenue grew 31% YoY and 14% QoQ to INR 3,517.6 Cr. While its marketplace brought in the highest revenue at INR 3,515.2 Cr (up 32% YoY), its ‘new initiatives’ vertical’s (financial services and low-cost logistics network) revenue rose to INR 2.4 Cr. Including other income of INR 78.8 Cr, total income for the quarter under review stood at INR 3,596.4 Cr. Meanwhile, total expenses increased 44% YoY to INR 4,071.3 Cr. The company incurred an exceptional loss of INR 3.7 Cr in the quarter. The company’s adjusted EBITDA loss for the quarter under review stood at INR 479.5 Cr, a jump of over 9X from INR 50.9 Cr loss in the year-ago quarter. Operationally, annual transacting users (ATU) increased 34% YoY to 25.1 Cr, while deliveries rose 36% YoY to 69 Cr. As a result, net merchandise value (NMV) for the quarter stood at INR 10,995 Cr, jumping 26% YoY. This was the first financial disclosure by the ecommerce company since… Read MoreInc42 Media
