Mumbai, July 24 -- The company's adjusted loss after extraordinary items narrowed to Rs 132.84 crore in Q1 FY27 from Rs 215.92 crore in Q1 FY26 and Rs 166.35 crore in Q4 FY26.

Net sales increased 48.3% YoY and 5.1% QoQ to Rs 3,712.81 crore in the quarter ended 30 June 2026.

Pre-tax loss narrowed to Rs 132.84 crore in Q1 FY27 from Rs 240.09 crore in Q1 FY26 and Rs 160.09 crore in Q4 FY26.

Total expenditure rose 37.6% YoY to Rs 3,937.46 crore. Employee expenses increased 17.3% YoY to Rs 243.08 crore, while depreciation surged 146.4% YoY to Rs 19.66 crore. Finance costs rose 46.9% YoY to Rs 2.13 crore.

Operationally, Net Merchandise Value (NMV) grew 34% YoY to Rs 11,614 crore, driven by continued user growth and engagement. Marketplace r...