Meesho Q4 results today: Stock jumps over 36% in 30 days; here is how the firm fared in Q3 FY26

The stock has rallied significantly over the past few sessions. Data show that the share price of Meesho has jumped nearly 15% in the past five sessions, and 36.39% in the past one month (as of May 5 closing level on the NSE).

Year-to-date (YTD), the stock is up 13%.

Here is how Meesho fared in December quarter

E-commerce firm Meesho reported a widening of loss to ₹490.6 crore for the third quarter ended December 2025 (Q3 FY26), mainly due to a significant jump in expenses during the festive season.

The company had posted a loss of ₹37.43 crore in the year-ago period.

Meesho's expenses increased by about 44% during the quarter, especially in the category of "other expense", which has been a significant portion of the total spending across the reported period.

The e-commerce firm posted expenses of close to ₹4,071 crore, out of which "other expenses" stood at ₹3,821.3 crore, or about 94%, of the total during the reported quarter.

Meesho posted a 31% increase in revenue from operations to ₹3,517.5 crore during the quarter from ₹2,678.64 crore in the December 2024 quarter.

"Our third quarter results reflect the strength of Meesho's flywheel, with more users transacting more frequently, driving platform growth while building long-term habits in previously underserved markets," Meesho founder and CEO Vidit Aatrey said in a statement.

Other key numbers

The company during the quarter recorded a 36% year-on-year increase in placed orders to 69 crore, while annual transacting users grew 34% year-on-year to 25.1 crore, the statement said.

Driven by strong user growth and increasing purchase frequency, Meesho reported net merchandise value (NMV) of ₹10,995 crore in the third quarter of FY26, representing 26% year-on-year growth.

Meesho's cash balance stood at ₹7,277 crore, including ₹4,088 crore raised through its initial public offering (IPO) in December.

The company said NMV growth in the quarter needs to be viewed in the context of festive calendar shifts.

It said Diwali fell in mid-October in 2025, compared to early November in 2024, which led to a shift of some festival shopping from the third quarter into the second quarter.

"Meesho Mega Blockbuster Sale started on September 19, 2025, vs September 27 in 2024. Hence, a more meaningful comparison combines Q2 and Q3 FY26 for festive calendar shifts. Together, these quarters delivered ₹21,510 crore in NMV, growing 37% YoY," the statement said.

Latest developments

Last week, JPMorgan initiated coverage on Meesho with a positive stance, citing strong growth visibility and multiple monetisation levers.

The investment firm expects Meesho’s net merchandise value (NMV) growth to outpace user growth, driven by improving engagement and higher spend per user.

It also highlighted that the platform’s advertising business remains under-monetised, offering significant upside through three levers as the company scales.

Meesho listing and IPO details

On December 10, 2025, shares of e-commerce firm Meesho made a remarkable market debut by listing with a premium of more than 46% against the issue price of ₹111.

The stock started trading at ₹162.50, up 46.40% from the issue price on the NSE. Later, it jumped 55.58% to ₹172.70.

On the BSE, the stock made its market debut at ₹161.20, registering a jump of 45.22%.

The initial public offer (IPO) of Meesho received 79.02 times subscription on the final day of share sale.

The ₹5,421 crore IPO had a price band of ₹105-₹111 per share.

The IPO is a mix of fresh issue of shares worth ₹4,250 crore, along with an Offer For Sale (OFS) of 10.55 crore shares valued at ₹1,171 crore at the upper band, taking the total issue size to ₹5,421 crore.

Meesho had said that it plans to utilise proceeds for investment in cloud infrastructure, marketing and brand initiatives, as well as funding inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes.