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Business & Stocks Economic Times Markets • Oct 29, 2026

Meesho Shares Fall 3% Despite Narrowing Q2 Loss to Rs 132 Cr: Why Analysts Split on Target Price

💡 Key Takeaways

•Meesho Q2 FY27 net loss narrowed 68% year-on-year to Rs 132 crore.
•Operating revenue grew 34% YoY to Rs 4,132 crore driven by festive demand.
•Brokerages remain divided with Jefferies maintaining Buy and Nomura retaining Reduce.

NEW DELHI [NCRBuzz Wire] — **MUMBAI [NCRBuzz Wire] — Meesho shares fell nearly 3% in intraday trading despite the company reporting a significant reduction in its net loss for the second quarter of fiscal year 2027.** Financial markets reacted cautiously as investors weighed stellar revenue expansion against persistent margin pressures and shifting brokerage target prices.

### Q2 Financial Performance & Market Metrics

**During the quarter under review, Meesho posted a net loss of Rs 132 crore, narrowing sharply by 68% compared to a loss of Rs 411.3 crore in the corresponding period of the previous fiscal year.** Concurrently, operating revenue registered a robust 34% year-on-year growth, climbing to Rs 4,132 crore, driven by strong festive-season demand across tier-2 and tier-3 markets.

| :--- | :--- | :--- | :--- |

| Brokerage Sentiment (Jefferies) | Buy | Buy | Maintained |

### Brokerage Stance & Valuation Dynamics

**Prominent institutional brokerages offered sharply divergent outlooks on the stock's near-term trajectory following the earnings announcement.** Jefferies and Motilal Oswal maintained their 'Buy' ratings on the counter, emphasizing structural market share gains and improving unit economics. Conversely, Nomura retained a 'Reduce' rating, citing competitive intensity and valuation constraints that continue to weigh on investor sentiment.

### Broader Market Context: Q2 Earnings Across Sectors

**The broader Indian equities landscape witnessed mixed reactions to corporate earnings releases from major consumer and technology firms.** CarTrade Tech shares fell 6.5% despite a 3% rise in net profit to Rs 66 crore as Nomura trimmed revenue estimates by 3%. Meanwhile, Birlasoft shares surged 12% following a 37.5% jump in net profit to Rs 160 crore, and Hyundai Motor India shares advanced despite commodity cost pressures squeezing margins.

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🏛️ Background Context

Indian e-commerce and internet-led platforms have faced intense public market scrutiny regarding path to profitability versus top-line growth. While companies like Meesho focus on expanding gross merchandise value and reducing cash burn, institutional investors continuously re-evaluate valuation multiples amid fluctuating macroeconomic conditions and rising customer acquisition costs.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: Why did Meesho shares fall despite a narrowing Q2 loss?

Meesho shares fell nearly 3% as cautious investor sentiment and mixed brokerage ratings weighed on the stock despite a 68% reduction in net loss to Rs 132 crore.

Q2: What was Meesho's revenue growth in Q2 FY27?

Meesho reported a 34% year-on-year rise in operating revenue, reaching Rs 4,132 crore for the second quarter of fiscal year 2027.

Q3: Which brokerages have a Buy rating on Meesho?

Jefferies and Motilal Oswal have maintained their Buy ratings on Meesho, citing strong growth prospects and festive demand, while Nomura retained a Reduce rating.

Verified Wires: Economic Times Markets, Business Standard, Livemint Markets & Economy Original Wire Dispatch ↗

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