Meesho Q4 NMV Grows 43% YoY, Losses Narrow 66%

Meesho Limited disclosed its audited financial results for Q4 and full year FY26, reporting a 43% YoY growth in NMV to ₹11,371 Cr.
The company's losses narrowed by approximately 66% as contribution margin recovered to 4.0% and Adjusted EBITDA (Marketplace) improved to -1.7% of NMV.
Annual Transacting Users grew 33% YoY to 264 million, with orders increasing 45% YoY to 2.67 billion for the full year.
Key growth drivers included AI investments like the Vaani shopping agent and operational efficiencies from logistics cost normalization and network optimization.