Meesho Reports Q2 Revenue Growth Amid Mixed Analyst Ratings
What happened
Meesho reported that its revenue from operations increased more than 34% year-on-year to Rs 4,132 crore in the second quarter of FY27. While Motilal Oswal maintained a 'Buy' rating on the shares, Nomura maintained a 'Reduce' call with a target price of Rs 167 apiece. The company's shares fell to Rs 222 apiece on Thursday morning.
From indiatimes.com
Why it matters
The company posted 23% year-on-year growth in Net Merchandise Value, which Nomura attributed to a delayed festive season in FY27. Despite the revenue rise, Meesho's net loss remained broadly flat on a sequential basis, while its total expenses increased around 24% year-on-year.
From indiatimes.com
Who's involved
- MeeshoIndian social commerce platform whose Q2 financial results were reported
- NomuraCorporation that maintained a 'Reduce' call on Meesho shares
- Motilal OswalIndian businessman who maintained a 'Buy' rating on Meesho shares
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MeeshoSpeculative
Meesho's Q2 results and mixed analyst ratings could impact its market price and investor sentiment.
Keep exploring
The entities involved
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Meesho
Indian Origin social commerce platform
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Nomura
corporation in Japan
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Motilal Oswal
Indian businessman
- Motilal Oswal maintained a buy rating on stock while Bajaj Finance reported consolidated profit growth.
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