Meesho Stock Falls Over 4% Despite Strong Q1 FY27 Results

Shares of $MEESHO td dropped more than 4% in early trading on Friday, July 24, 2026, despite posting robust Q1 results. The e-commerce platform reported a significantly narrowed net loss of ₹132.8 crore, compared to ₹289.4 crore in the year-ago quarter. Revenue from operations surged 48% year-on-year to ₹3,712.8 crore. Key metrics remained impressive: Net Merchandise Value (NMV) grew 34% to ₹11,614 crore, annual transacting users rose 29% to 274 million, and orders increased 29% to 725 million. Contribution margin expanded to 4.6% of NMV, aided by logistics efficiencies and better monetisation.