Meesho's Q3 Loss Widens to ₹491 Crore Amid Festive Season Spending Surge

• Meesho reported a net loss of ₹490.6 crore in Q3 FY26, significantly wider than ₹37.43 crore in the previous year.
• Total expenses surged by 44% year-on-year to ₹4,071 crore, primarily due to a 94% increase in "other expenses" during the festive season.
• Revenue from operations grew 31% year-on-year to ₹3,517.5 crore in the December 2025 quarter.
• Net Merchandise Value (NMV) increased 26% year-on-year to ₹10,995 crore, driven by strong user growth and higher purchase frequency.
• Meesho became the largest e-commerce platform in India with 251 million Annual Transacting Users and 690 million placed orders, both up significantly year-on-year.

Why It Matters: Meesho's Q3 loss deepened due to increased festive spending, despite strong revenue and user growth.