Meesho Financial Results Q3 FY26: Growth and Loss Insights

E-commerce marketplace Meesho has published its financial outcomes for Q3 FY26 following its recent listing on Indian stock exchanges. Meesho’s revenue surged by 31% in the third quarter, although its losses approached the Rs 500 crore mark during this period.

According to the financial statement obtained from NSE, Meesho’s revenue from operations rose to Rs 3,517.5 crore in Q3 FY26, up from Rs 2,679 crore in the same quarter the previous year. Additional income contributed an extra Rs 78.5 crore, totalling the quarter’s income to Rs 3,596 crore. For the nine-month period ending December 2025, Meesho’s revenue increased by 30% to reach Rs 9,095 crore, compared to Rs 6,990 crore a year prior.

While the company did not provide a detailed breakdown of expenses, it was noted that employee benefit costs grew by 20% to Rs 235 crore in Q3 FY26 from Rs 195 crore in Q3 FY25. Depreciation expenses accounted for Rs 11 crore in this quarter. Overall, total expenses increased by 44% to Rs 4,071 crore in Q3 FY26, up from Rs 2,823 crore in Q3 FY25.

As the company’s expenses outpaced its revenue growth, losses escalated dramatically by more than 13 times, reaching Rs 490 crore in Q3 FY26, compared to Rs 37 crore in Q3 FY25. Sequentially, losses grew by 48% from a loss of Rs 330.5 crore in Q2 FY26.

Meesho debuted on the public market at a significant premium, marking one of the largest tech IPOs of 2025. The Bengaluru-based company commenced trading at Rs 162.5 per share on NSE, representing a 46% increase over its issue price of Rs 111. By the end of today’s trading session, Meesho’s share price reached Rs 173, resulting in a market capitalisation of Rs 78,077 crore ($8.5 billion).