Meesho records Rs 3,713 Cr revenue in Q1 FY27; narrows losses by 54%

•Meesho's revenue from operations grew to Rs 3,713 crore in Q1 FY27, a 48% year-on-year increase.

•The company's losses narrowed by 54% to Rs 133 crore in Q1 FY27 from Rs 289 crore in the corresponding quarter of the previous fiscal year.

•Meesho's total income reached Rs 3,826 crore in the quarter ended June, with non-operating income contributing Rs 114 crore.

•The company's total expenses grew 43% year-on-year to Rs 3,959 crore in Q1 FY27 from Rs 2,778 crore in Q1 FY26.

•Meesho approved the acquisition of a 100% stake in Kirana Club for an aggregate consideration of Rs 202.08 crore last month.

•The company's share price closed at Rs 188.95, with a total market capitalization of Rs 87,057 crore (about $9.16 billion