MEESHO · Consumer Services
Meesho Ltd. reported revenue of ₹3,518 cr for October to December 2025, +31.3% on the year and +14.4% on the quarter.
Operating profit (EBITDA) was −₹539 cr, a margin of −15.3%, −1,043 bps on the year and −49 bps on the quarter.
The net loss was ₹491 cr, with earnings per share of −₹1.09.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Operating margin fell sharply on the year. Pricing, input costs, or mix?
EBITDA margin −15.3%, −1,043 bps on the year (−49 bps on the quarter).
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Other income carrying profit, Exceptional items that recur, Finance cost rising, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,679 cr | ₹2,400 cr | ₹2,504 cr | ₹3,074 cr | ₹3,518 cr | ₹3,531 cr | ₹3,713 cr | ₹4,132 cr |
| YoY | — | — | — | — | +31% | +47% | +48% | +34% |
| EBITDA margin | −4.9% | −9.6% | −10.5% | −14.8% | −15.3% | −7.2% | −6.1% | −5.5% |
| Other income, % of PBT | 1,067% | — | — | — | — | — | — | — |
| Exceptional items | — | — | — | — | — | — | — | — |
| Tax rate | — | — | — | — | — | — | — | — |
| Net profit | −₹37.0 cr | −₹1,391 cr | −₹289 cr | −₹411 cr | −₹491 cr | −₹166 cr | −₹133 cr | −₹132 cr |
| YoY | — | — | — | — | — | — | — | — |
| Core profit YoY | — | — | — | — | — | — | — | — |
| EPS | −₹4.44 | −₹159.79 | −₹1.49 | −₹2.11 | −₹1.09 | −₹0.36 | −₹0.29 | −₹0.29 |
| Flags | 1 | · | · | · | 1 | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Meesho Ltd. reported revenue of ₹3,518 cr (+31.3% on the year) and net profit of −₹491 cr (— on the year) for October to December 2025.
1 check raised a question: Operating margin fell sharply on the year. Pricing, input costs, or mix?
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