Meesho expects stronger Q3 growth due to change in festive sale timeline

The geopolitical conflict has lasted longer than most expected, leading to a surge in raw material and fuel prices, and household budgets remain under pressure,” the company said.However, it added that customer participation remained strong during the festive season, with shoppers spending on categories beyond essential goods, indicating that demand was holding up.“Q3 YoY growth will also look stronger than the underlying trend because of the sale shift,” it said, adding that initial shopping traction during its festive sale event made it confident about the outlook for consumer demand in India, despite broader economic uncertainties.The first day of Meesho's annual flagship sale on October 9, the Mega Blockbuster Sale, saw orders growing about 75% YoY.

Its transacting customers increased by about 60% YoY.Meesho also said that spending on growth initiatives would remain elevated through the festive sale period and the weeks around Diwali, in line with its usual seasonal pattern.The Bengaluru-based company reported 34% YoY operating revenue growth to Rs 4,131 crore in the July-September quarter on Wednesday. Its net losses dropped 68% to Rs 132 crore in Q2 of FY27.The company’s Q2 results were broadly in line with brokerage estimates.Meesho’s stock closed at Rs 227.6 on Wednesday after rising 1.77% on BSE. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.KYC and KYB: Inside Damani’s DMart, the retail chain for the middle class.

And stock for the long term? – Part 2 of 3Will it be a regulatory nightmare if an exchange lists on its own platform?KYC and KYB: Inside Damani’s Avenue Supermarts that refuses to charge more – Part 1 of 3Will oil turn into a lingering problem? Is the world economy, India, or the market prepared?KYB and KYC: Business behind the wealth creator called ‘Divi’s Lab’ – Part 2, concludingKYB and KYC: Business behind the wealth creator called “Divi’s Lab” – Part 1The global business of promising moreOne company, 2 words.

Bond yield and CDS: Will they decide the fate of global markets?Business of Odd Things: Inside an industry that farms fish that nobody is meant to eatWar's second-order effects are becoming visible in critical sectorsSubscribe Now