Meesho Turns Profitable for the First Time, Reports ₹300 Crore PAT in FY2026

Meesho has announced its first-ever profitable financial year, reporting a Profit After Tax (PAT) of ₹300 crore for FY2026 on revenues of ₹7,800 crore — a 65% year-over-year revenue increase.

Business Model Evolution

Meesho's path to profitability has been driven by a strategic shift away from heavy discounting, improved logistics efficiency through its in-house supply chain, and a focus on higher-margin product categories.

Market Position

Meesho serves 160 million customers across 27,000+ pin codes and has a seller base of 1.4 million small businesses. The platform focuses on Tier 2, 3, and 4 cities where e-commerce penetration is still growing rapidly.

IPO Plans

With profitability now demonstrated, Meesho is reportedly accelerating its IPO plans. The company is said to be targeting a valuation of $6-7 billion, having previously raised at $4.9 billion valuation in 2022.

Founder's Statement

"This is a validation of our focus on building a sustainable business," said CEO Vidit Aatrey. "We've proven that serving India's next 500 million internet users is both a massive opportunity and a viable business."