Meesho Q2 Results FY27: Net Loss Narrows 67.8% to Rs 132.45 Cr, Revenue Rs 4,131.58 Cr

Meesho Ltd (MEESHO) Q2 Results FY27 announced on 28 October 2026, covering the company's financial performance for the July to September quarter. The results date brought consolidated results with revenue of Rs 4,131.58 Cr and a PAT loss of Rs 132.45 Cr, and Meesho Q2 Results FY27 set both figures against the same quarter last year.

This results analysis from Univest follows how revenue and losses moved across Meesho Q2 Results, before turning to the business drivers, outlook and risks. It begins with the Financial Highlights table that follows.

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Meesho Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 4131.58 Cr	Rs 3073.67 Cr	+34.42% YoY
Operating Profit	Rs -229.16 Cr	Rs -456.23 Cr	+49.77% YoY
Net Profit (PAT)	Rs -132.45 Cr	Rs -411.36 Cr	+67.8% YoY

Source: company filing for Meesho Q2 Results FY27, 28 October 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from Meesho Q2 Results: What Stands Out

• Revenue: Revenue grew 34.42% YoY to Rs 4,131.58 Cr from Rs 3,073.67 Cr, extending a run of revenue increases over the last 4 quarters.
• Net profit: Net profit was a loss of Rs 132.45 Cr against a loss of Rs 411.36 Cr a year earlier, a 67.8% narrowing in Meesho Q2 Results FY27.
• Operating Profit: Operating Profit was a loss of Rs 229.16 Cr compared with a loss of Rs 456.23 Cr, an improvement of 49.77% YoY.
• Net margin: Net profit margin improved to -3.2% from -13.4% in the comparison quarter, according to the disclosed figures.
• Next step: The performance analysis below sets revenue and loss figures side by side to show how each moved.

Meesho Q2 Results FY27: Performance Analysis

The numbers show faster revenue growth alongside smaller losses. Meesho reported consolidated revenue of Rs 4,131.58 Cr, up 34.42% YoY from Rs 3,073.67 Cr, while the net loss narrowed to Rs 132.45 Cr from Rs 411.36 Cr. Both the sales line and the loss line moved in a favourable direction.

In this results analysis, Operating Profit needs a separate mention. It remained a loss at Rs 229.16 Cr, yet the loss was smaller than the Rs 456.23 Cr recorded a year earlier. Meesho Q2 Results FY27 therefore show losses at the operating and net levels easing together, which is what the quarterly results record.

Readers following Meesho Q2 Results will watch whether YoY growth in revenue continues while losses keep narrowing. Later filings on the NSE and BSE will show the trend against these figures, and the Univest Screener helps compare the same metrics across listed companies. The business factors come next.

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Key Business Factors This Quarter

Revenue Growth – The results analysis points first to revenue, which grew 34.4% YoY to Rs 4,131.58 Cr in the latest quarter and has risen in each of the last 4 quarters. That run sits underneath the figures reported in Meesho Q2 Results FY27.

Margin Improvement – Net profit margin improved to -3.2% from -13.4% in the comparison quarter, the second disclosed factor in the quarterly results, matching the narrower loss of Rs 132.45 Cr.

Debt Position – The company is almost debt free, with a debt-to-assets ratio of 0.00 in FY26, the third disclosed factor, which sits alongside the revenue and margin points above.

FY27 Outlook After Meesho Q2 Results

Meesho Q2 Results FY27 give a base for judging the full year, since the quarter combined higher revenue with a smaller net loss. This results analysis does not extend the figures into forecasts, because full-year FY27 results will depend on the quarters still to be declared.

After the results date, readers can follow the next filings on the Univest app and compare each new quarter with this net loss of Rs 132.45 Cr and revenue of Rs 4,131.58 Cr. Before that comparison, the risks disclosed alongside the consolidated results deserve attention.

Key Risks to Watch After Meesho Q2 Results FY27

Net Loss in the Quarter

The company reported a net loss of Rs 132.45 Cr in the latest quarter. Even with the loss narrowing from Rs 411.36 Cr, a loss remains a point to track alongside Meesho Q2 Results FY27.

Low Return Ratios

Return on equity was low at -59.38% in FY26, while return on capital employed was modest at -41.16%. Readers comparing YoY growth across periods should note both return ratios.

Volatile Quarterly Net Profit

Quarterly net profit has been volatile, ranging from Rs -490.67 Cr to Rs -132.45 Cr over the last 5 quarters, so the latest figure is one point in a wider range.

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Conclusion

Meesho Q2 Results FY27 show consolidated revenue of Rs 4,131.58 Cr and a net loss of Rs 132.45 Cr, with revenue higher and the loss lower YoY. Taken together, the quarterly results describe a larger revenue base and a smaller loss, while Meesho Q2 Results on a Consolidated basis leave return ratios and quarterly volatility as items to watch. Investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Meesho Q2 Results FY27

What are Meesho Q2 Results FY27?

Ans. Meesho Q2 Results FY27 cover the July to September 2026 quarter, with consolidated revenue of Rs 4,131.58 Cr and a net loss of Rs 132.45 Cr, as summarised in the Quick Answer section of this article.

What is the results date for Meesho Q2 Results FY27?

Ans. The results date was 28 October 2026, when the company declared its quarterly results for July to September 2026, which means the Financial Highlights table reflects figures from that filing.

What revenue was reported in Meesho Q2 Results FY27?

Ans. Meesho reported consolidated revenue of Rs 4,131.58 Cr in the quarter, compared with Rs 3,073.67 Cr a year earlier, which is the revenue line shown in the Financial Highlights table.

What net profit was reported in Meesho Q2 Results FY27?

Ans. Net profit was a loss of Rs 132.45 Cr against a loss of Rs 411.36 Cr in the same quarter last year, so the Performance Analysis section describes the loss narrowing by 67.8% YoY.

How much YoY growth did revenue show in Meesho Q2 Results FY27?

Ans. Revenue showed YoY growth of 34.42% in the quarter, rising from Rs 3,073.67 Cr to Rs 4,131.58 Cr, while the Key Takeaways section places this alongside the narrower net loss.

Did net profit rise or fall in Meesho Q2 Results?

Ans. Meesho Q2 Results show a net loss of Rs 132.45 Cr, smaller than the Rs 411.36 Cr loss a year earlier, so the Performance Analysis section records the loss narrowing as revenue grew 34.42% YoY.

What was the Operating Profit in Meesho Q2 Results FY27?

Ans. Operating Profit was a loss of Rs 229.16 Cr against a loss of Rs 456.23 Cr a year earlier, which means the operating loss eased 49.77% YoY, as the Key Takeaways section notes.

Are Meesho Q2 Results consolidated results or standalone results?

Ans. Meesho Q2 Results are consolidated results, so all revenue and profit figures in this article follow the consolidated basis, as stated in the opening paragraphs and the Quick Answer.

What business factors shaped Meesho Q2 Results FY27?

Ans. Revenue growth of 34.4% YoY, a net profit margin that improved to -3.2% from -13.4% and a debt-to-assets ratio of 0.00 in FY26 are the disclosed factors, covered in the Key Business Factors section.

What are the key risks after Meesho Q2 Results FY27?

Ans. The disclosed risks are a net loss of Rs 132.45 Cr, return on equity of -59.38% in FY26 and volatile quarterly net profit over the last 5 quarters, covered in Key Risks to Watch.

What is the outlook after Meesho Q2 Results?

Ans. Full-year FY27 prospects will turn on how revenue and net profit trend in later quarters, which means the Outlook section links this results analysis to filings still to come.

Where can I find the complete Meesho Q2 Results FY27 data?

Ans. The full figures sit in the Financial Highlights table above, and the Univest Screener lets readers compare revenue and net profit across listed companies, as noted in the Performance Analysis section.