Bengaluru-based listed ecommerce platform Meesho reported development in person exercise throughout the December quarter, whilst its losses widened. This was the corporate’s first quarterly outcomes announcement after listing on Indian stock exchanges in December 2025.

In Q3 FY26, Meesho mentioned it recorded 690 million positioned orders, a rise of about 36% yr on yr. Annual Transacting Customers rose 34% to 251 million. The corporate mentioned that it had the best variety of Annual Transacting Customers and positioned orders amongst Indian e-commerce platforms, as per its inside information.

On a final twelve months foundation, common buy frequency elevated 9% yr on yr to 9.78 transactions per person. Pushed by increased person exercise and buy frequency, Internet Merchandise Worth stood at Rs 10,995 crore in Q3 FY26, representing a 26% yr on yr enhance.

The corporate mentioned quarter on quarter comparisons have been partly impacted by a shift within the festive calendar. Diwali in 2025 fell in mid October, whereas in 2024 it was celebrated on the finish of October. Meesho famous that its flagship Meesho Mega Blockbuster Sale started on September 19, 2025, in contrast with September 27 in 2024. This moved a portion of festive demand into the earlier quarter. Taken collectively, Q2 and Q3 FY26 delivered NMV of Rs 21,510 crore, up 37% yr on yr.

In its first shareholder letter as a public firm, founder and chief government Vidit Aatrey mentioned, “Our Q3 outcomes mirror the power of Meesho’s flywheel, with extra customers transacting extra ceaselessly, driving platform development whereas constructing long-term habits in beforehand underserved markets. Immediately, we serve 251 million shoppers and allow enterprise development for 846,000+ sellers yearly, a lot of whom are first-time e-commerce customers. Changing into a public firm modifications how we’re accountable, but it surely doesn’t change what we optimize for, as platform well being and disciplined development stay our precedence. Our north star is Free Money Movement per share, which captures the true money generated after reinvestment and displays the long-term economics of our enterprise.”

The corporate highlighted continued investments in know-how to enhance onboarding and conversion amongst first time customers. This contains deep studying based mostly advice fashions that personalise dwelling web page feeds utilizing restricted onboarding alerts, and enhancements to voice search aimed toward regional language markets.

Meesho additionally mentioned nationwide manufacturers equivalent to Dabur are increasing their presence on Meesho Mall, rising the provision of branded merchandise at worth value factors. On a final twelve months foundation, Meesho reported free money stream of Rs 56 crore.

The corporate mentioned this was supported by NMV development, an asset gentle working mannequin, minimal capital expenditure, and a detrimental working capital cycle. As of December 31, 2025, Meesho’s money stability stood at Rs 7,277 crore. This included Rs 4,088 crore raised by its preliminary public providing accomplished in December FY26.

From a monetary perspective, Meesho reported income from operations of Rs 3,517.6 crore in Q3 FY26, in contrast with Rs 2,673.0 crore in the identical quarter final yr. This represents a yr on yr enhance of a bit of over 31%, in response to filings with Indian inventory exchanges. Different earnings of Rs 73.8 crore took whole earnings for the quarter to Rs 3,596.4 crore.

For the 9 months ended December 2025, income from operations rose to Rs 9,095.1 crore, representing a yr on yr enhance of about 30%. Bills grew sooner than income. Whole expenditure elevated 44% yr on yr to Rs 4,071.3 crore in Q3 FY26. Worker profit bills rose to Rs 235.2 crore, whereas depreciation and amortisation expense stood at Rs 10.9 crore.

Consequently, the corporate’s loss for the quarter widened to Rs 490.7 crore, in contrast with a lack of Rs 37.4 crore in Q3 FY25. The loss additionally elevated sequentially from Rs 411.4 crore in Q2 FY26.