Meesho (MEESHO) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue grew 23.31% YoY to ₹93,899.03m, while net loss widened to ₹39,417.05m from ₹3,276.41m, largely reflecting exceptional charges and business-combination tax.

• Growth in NMV was attributed to more annual transacting users and higher order frequency; stated priorities include technology-led efficiencies, cost control and profitability improvement.

Financial highlights

• Consolidated revenue from operations ₹93,899.03m, up 23.31% YoY; total expenses ₹100,093.30m, up 22.46% YoY.

• Consolidated loss before tax ₹14,548.63m vs ₹3,276.41m; loss after tax ₹39,417.05m vs ₹3,276.41m.

• Standalone revenue ₹93,875.47m; loss before tax ₹13,965.51m and net loss ₹38,833.93m, including ₹24,868.42m current tax on the business combination.

• Consolidated operating cash flow was ₹5,393.70m; cash and cash equivalents closed at ₹1,470.58m.

Outlook and guidance

• Focus areas include AI and technology, automation, logistics efficiency, rationalized marketing spend and workforce productivity to support margin improvement and scalable growth.

• Continued growth is linked to stronger consumer engagement, higher order frequency and scalable back-end systems supporting transacting users and sellers.