Meesho (MEESHO) investor relations material

Executive summary

• Continued focus on reducing logistics costs despite fuel and wage inflation, with efficiency gains offsetting external pressures.

• Meesho Mall is growing faster than the core platform and is expected to be a significant driver of future ad revenue and business growth.

• Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with auditor review confirming no material misstatements.

• Board approved amendments to Articles of Association, granting nomination rights to founders and significant investors.

• Announced acquisition of Kirana Club Pte. Ltd. and a minority stake in Retail Pulse Labs Private Limited for Rs. 2,020.85 million.

Financial highlights

• Standalone revenue from operations for Q1 FY27 was INR 20,932.65 million, up from INR 13,790.25 million in Q1 FY26.

• Consolidated revenue from operations for Q1 FY27 was INR 37,128.11 million, up from INR 25,038.66 million in Q1 FY26.

• Cost per delivered order decreased by about INR 1 sequentially, despite fuel and wage hikes.

• Annual frequency per user grew by 9% year-over-year, with both older and newer cohorts increasing in frequency.

• Consolidated net loss for Q1 FY27 was INR 1,328.35 million, compared to a net loss of INR 2,893.58 million in Q1 FY26.

Outlook and guidance

• Expectation to maintain or further reduce logistics costs through ongoing efficiency improvements.

• Long-term NMV growth guidance of 25% CAGR over five years, with higher rates in initial years.

• Management expects continued operational growth, supported by recent investments and acquisitions.

• Ongoing business reorganization and segment realignment are expected to enhance efficiency and focus.