Meesho Eyes Stronger Q3 Growth Amid Festive Sale Timeline Shift

Economic Times - Tech · technology

E-commerce platform Meesho anticipates robust year-on-year growth in the December quarter, attributing it to a shifted festive sale timeline. Despite macroeconomic pressures like rising fuel prices and strained household budgets, customer participation in the festive season remained strong, with spending extending beyond essentials. The company reported a 34% YoY increase in operating revenue to Rs 4,131 crore in Q2, while net losses decreased by 68% to Rs 132 crore. Initial traction from its flagship sale indicates confidence in Indian consumer demand.