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Meesho (MEESHO)₹238.48+2.05%E-Retail/ E-Commerce
In the Sep 2026 quarter (consolidated), Meesho reported sales of ₹4,123 Cr, up 34.4% from Sep 2025, and net profit of −₹132 Cr. For the year to Mar 2026, sales were ₹12,609 Cr and net profit −₹1,362 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,675 | 2,394 | 2,498 | 3,067 | 3,512 | 3,526 | 3,706 | 4,123 |
| Expenses | 2,809 | 2,629 | 2,766 | 3,532 | 4,053 | 3,784 | 3,935 | 4,360 |
| Operating Profit | −131 | −232 | −265 | −457 | −540 | −256 | −226 | −229 |
| OPM % | −4.9% | −10.0% | −11.0% | −15.0% | −15.0% | −7.0% | −6.0% | −6.0% |
| Other Income | 159 | −1,153 | 33.85 | 135 | 74.73 | 115 | 114 | 127 |
| Interest | 1.99 | 0.99 | 0.99 | 0.99 | 3.99 | 1.99 | 1.99 | 0.99 |
| Depreciation | 12.01 | 5.01 | 8.01 | 9.01 | 11.01 | 19.03 | 20.02 | 20.01 |
| Profit before tax | 14.99 | −1,396 | −240 | −330 | −479 | −160 | −133 | −123 |
| Tax % | 342.0% | 0.0% | 20.9% | 24.0% | 3.0% | 4.0% | 0.0% | 7.0% |
| Exceptional items | 25.06 | −1,288 | −73.18 | −34.10 | −4.01 | 0.00 | 0.00 | 0.00 |
| Net Profit | −37.08 | −1,395 | −290 | −412 | −493 | −166 | −133 | −132 |
| EPS (Rs) | −4.45 | −159.77 | −1.50 | −2.10 | −1.08 | −0.37 | −0.30 | −0.30 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 5,726 | 7,599 | 9,366 | 12,609 | 14,867 |
| Expenses | 7,531 | 8,112 | 9,962 | 14,104 | 16,132 |
| Operating Profit | −1,803 | −495 | −580 | −1,489 | −1,251 |
| OPM % | −31.0% | −6.0% | −6.0% | −12.0% | −8.4% |
| Other Income | 154 | 230 | −831 | 331 | 430 |
| Interest | 0.99 | 5.98 | 6.98 | 8.98 | 8.96 |
| Depreciation | 30.02 | 58.04 | 34.06 | 47.06 | 70.07 |
| Profit before tax | −1,676 | −328 | −1,456 | −1,210 | −895 |
| Tax % | 0.0% | 0.0% | 171.0% | 12.0% | — |
| Exceptional items | 0.00 | 16.04 | −1,285 | −10.03 | −4.01 |
| Net Profit | −1,680 | −329 | −3,954 | −1,362 | −925 |
| EPS (Rs) | −213.78 | −41.87 | −452.63 | −2.98 | −2.05 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 8.01 | 0.00 | 0.28 | 455 |
| Reserves | 2,170 | 2,230 | 1,445 | 3,929 |
| Borrowings | 0.00 | 71.80 | 57.87 | 62.79 |
| Other Liabilities | 1,381 | 1,864 | 5,737 | 3,466 |
| Total Liabilities | 3,559 | 4,166 | 7,241 | 7,913 |
| Fixed Assets | 56.15 | 112 | 96.22 | 195 |
| CWIP | 1.99 | 0.00 | 0.00 | 0.00 |
| Investments | 2,058 | 746 | 4,997 | 1,213 |
| Other Assets | 1,444 | 3,308 | 2,148 | 6,504 |
| Trade receivables | 0.00 | 0.00 | 0.00 | 5.98 |
| Cash & equivalents | 728 | 141 | 379 | 1,896 |
| Total Assets | 3,559 | 4,166 | 7,241 | 7,913 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | −2,304 | 220 | 539 | −3,872 |
| Cash from investing activity | −1,288 | −165 | −2,634 | 247 |
| Cash from financing activity | 3,263 | −10.99 | 2,103 | 4,098 |
| Net cash flow | −329 | 44.14 | 7.02 | 475 |
| Capex | 0.00 | 35.06 | 23.05 | 101 |
| Free cash flow | −2,303 | 186 | 516 | −3,976 |
| CFO / OP % | 128.0% | −47.0% | −100.0% | 74.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 0 | 0 | 0 | 0 |
| Cash conversion cycle | 0 | 0 | 0 | 0 |
| Working capital days | −60 | 19 | −168 | −28 |
| ROCE % | — | −14.9% | −8.9% | −39.9% |
For the Sep 2026 quarter, Meesho reported sales of ₹4,123 Cr, up 34.4% year on year and net profit of −₹132 Cr. The operating margin was −6.0%.
Meesho's sales for the year to Mar 2026 were ₹12,609 Cr; over the last twelve months they were ₹14,867 Cr.
Net profit for the year to Mar 2026 was −₹1,362 Cr, and −₹925 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−2.05.
Meesho reported borrowings of ₹62.79 Cr at Mar 2026, against cash and equivalents of ₹1,896 Cr.
Cash from operations was −₹3,872 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3,976 Cr.