$MEESHO : Guidance - - Concall Update

• A long-term growth guidance of 25% CAGR for the next five years was provided, with higher growth expected in initial years and lower in latter years. • Logistics costs are anticipated to continue reducing at a good pace, despite fuel price and minimum wage increases. • The baseline AOV decline should be about 5% year-on-year, with recent quarters showing a lesser decline due to raw material and fuel price impacts. • New initiatives have an annual budget cap of approximately INR 200 crores for EBITDA, with the philosophy of operating with a hard cap on experimental burn. • Contribution margin is expected to increase, driven by restoring margins on logistics services and improved ad revenues.