MEESHO FINANCIAL PERFORMANCE
Meesho block deal: SoftBank-backed entity likely to sell 1% stake worth Rs 1,174 crore
SoftBank-backed SVF II Meerkat may sell a 1% stake in Meesho through a Rs 1,174 crore block deal. The development comes as Meesho reports narrowing losses, rising revenue and strong user growth.
Lenskart, Meesho deliver gains of nearly $400 million for SoftBank Vision funds
Lenskart saw returns of $273 million, the highest among the Vision funds' listed investments, while Meesho gained $121 million, according to SoftBank's earnings presentation released on Tuesday. The gains come as SoftBank continues to monetise its Indian investments, having sold shares worth more than Rs 9,300 crore in Lenskart and Meesho since June.
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
Stocks in news: Jio Platforms, RIL, Hero MotoCorp, Meesho, TVS Motor, Vedanta Aluminium and Suzlon Energy
Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment.
Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%
Meesho’s Q2 FY27 net loss narrowed 67.8% to Rs 132.45 crore, while revenue surged 34.4% to Rs 4,131.58 crore. Rising user engagement, stronger merchandise value, improved contribution margins and festive-season demand supported growth amid elevated spending.
Lenskart, Meesho among top picks as value retail leads India's consumption story: Siddhartha Khemka
Value-focused retail formats are growing, while premium categories experience challenges due to stock availability issues. Recent demand fluctuated with a dip noted in September and October, with expectations for improvement in mid-October. Beauty products significantly influence sales, contributing to the overall trends in the market. Rural incomes may pose risks to discretionary spending as festive season approaches. Companies with effective inventory management and store-level traction are better positioned for growth.
Can Fin Homes shares rally up to 5% after Q2 net profit jumps 10% to Rs 275 crore, NII rises 7%
Can Fin Homes shares rallied up to 5% after the housing finance company reported a 10% year-on-year rise in Q2 FY27 net profit to Rs 275 crore. Net interest income grew 7%, while the loan book expanded 10% to Rs 43,539 crore.
Indian firms seen posting faster profit growth despite global headwinds
Indian companies are projected to achieve profit growth during the September quarter despite various challenges affecting different sectors. Foreign investors are retreating from Indian stocks, impacting the benchmark Nifty 50 index's performance this year. Strong domestic demand and favorable conditions in certain sectors are expected to sustain earnings growth for many firms. Analysts believe that financials will be a significant driver of earnings, supported by healthy loan growth.
Models ready but data isn’t: Google’s Andi Gutmans on AI’s next big hurdle
As companies increasingly deploy AI, Google emphasises the importance of preparing corporate data for effective use. Andi Gutmans stated that understanding a business requires analysing contracts, revenue, and customer data. Google is expanding its engineering teams in India to support businesses in connecting AI systems with their essential data.
Motilal Oswal sees 4 factors boosting risk-reward after market’s sharp fall from 2024 high, lists 27 stock picks
Motilal Oswal Financial Services sees improving risk-reward for Indian equities as valuations cool, earnings recover and domestic liquidity remains strong. The brokerage also highlights sectoral rotation and names 27 stocks across large-, mid- and small-cap segments as top ideas.
Invesco’s ₹16,000 crore midcap fund delivered 426% return in 10 years. Aditya Khemani reveals the strategy
Invesco India Midcap Fund has impressively delivered a 426% return over a decade, showcasing an investment strategy that values robust earnings potential and strong management teams. The fund employs a concentrated portfolio approach with a moderate turnover rate, aiming to compound earnings over three to five years. This blend of growth and value investing fosters ongoing value creation for its investors.
Meesho’s 129% post-IPO rally fizzles as stock slides 35% from peak amid valuation concerns. Buy, sell or hold?
Meesho’s sharp post-IPO rally has lost momentum as valuation concerns, lock-in expiry-related selling and cautious brokerage commentary weigh on the stock. While analysts flag limited near-term upside, the company’s strong user base, improving logistics efficiency, and differentiated e-commerce model continue to underpin its long-term business prospects.
JM Financial initiates Meesho coverage with ‘reduce’ rating, flags limited upside
JM Financial has started coverage on Meesho with a ‘Reduce’ rating and a Rs 170 target for March 2027, citing limited upside after the stock’s sharp post-listing rally. Meesho, which debuted at Rs 161.20 in December, surged 58% to Rs 254.65 but has since corrected nearly 36% and is now trading at Rs 164.
Meesho senior executive Megha Agarwal resigns
Megha Agarwal, general manager-business, Meesho has quit the ecommerce marketplace, according to a stock exchange filing. Agarwal, who reported directly to founder and CEO Vidit Aatrey, had joined Meesho in 2019 and was elevated to lead the company's growth function in 2022. She took over the role of general manager-business in 2023 when Utkrishta Kumar quit from the position.
Meesho shares dazzle on debut, list at 46% premium over IPO price
Meesho shares surged 46% on their Dalal Street debut, listing at a significant premium to their IPO price. The strong listing followed an overwhelming subscription response, with investors showing high conviction in the e-commerce marketplace's growth potential. Despite robust revenue growth, the company faces challenges with widening net losses and achieving sustained profitability.
Meesho lists today: Key subscription details, GMP trends and financials
Meesho’s Rs 5,421-crore IPO, subscribed 79 times, is set to list on December 10 with strong grey-market interest. Investors have shown heavy demand across QIB, NII and retail segments, while major global funds joined its anchor round. Rising revenues, reduced losses and positive brokerage views add to expectations around the debut.
Meesho IPO: Issue subscribed 79 times on Day 3 led by QIBs
Meesho IPO: The company has priced its issue at ₹105–111 per share and is pitching itself as a fast-growing, low-cost marketplace with deep reach in India’s Tier-2 and Tier-3 cities. The IPO comprises a fresh issue of ₹4,250 crore and an offer for sale worth ₹1,171.20 crore.
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