Meesho Q3 Results: Revenue Rises 31% YoY, Net Loss Widens 12-Fold Amid Rising Expenses and Strong User Growth

Meesho, India's leading social commerce platform, reported its third-quarter results for FY26 on January 30, posting a consolidated net loss that widened twelvefold year-on-year, even as its revenue from operations grew 31 percent year-on-year.

Meesho Q3 Results Today: Revenue Up 31% YoY, Net Loss Widens Amid Rising Expenses

Meesho reported a consolidated net loss of Rs 490.67 crore for the October-December quarter of financial year 2026, marking a widening of losses compared with Rs 411.36 crore in the previous quarter (Q2 FY26) and Rs 37.43 crore during the same period last year (Q3 FY25). The increase in net losses comes despite steady revenue growth and reflects the company's ongoing investment in operations and expansion.

Meesho's revenue from operations for Q3 FY26 rose 31 percent year-on-year to Rs 3,517.6 crore, up from Rs 2,676.64 crore during the same quarter of FY25. The growth in revenue highlights the platform's expanding user base and higher transaction volumes, driven by increasing engagement on its social commerce platform.

Despite strong topline performance, profitability remained under pressure due to higher expenses associated with scaling operations, marketing, and technology infrastructure.

Rising Expenses Weigh on Profitability

Total expenses for Meesho surged 44 percent year-on-year to Rs 4,071.3 crore in the quarter ended December 2025, up from Rs 2,822.8 crore in Q3 FY25 and Rs 3,540.4 crore in the previous quarter.

Meesho, which is among the newly-listed tech firms in India, continues to focus on expanding its presence across smaller towns and cities, boosting merchant adoption, and increasing engagement on its platform. It serves a massive user base of 251 million registered users. The platform continues to see high engagement, with 690 million orders placed during the third quarter of FY26.

The company reported a contribution margin of 2.3%, highlighting the proportion of revenue remaining after variable costs, even as it continues to invest heavily in operations and expansion. Meesho also maintained a healthy cash balance of Rs 7,277 crore.