India, Oct. 28 -- Ecommerce major Meesho reported a 68% decline in its consolidated net loss to Rs.132.5 Cr in the September quarter (Q2 FY27) from Rs.411.4 Cr in the year-ago period as its revenue growth outpaced increase in expenses.However, net loss remained largely unchanged from Rs.132.8 Cr in the June quarter.

Operating revenue rose 34% YoY and 11% QoQ to Rs.4,131.6 Cr. Including other income of Rs.127.4 Cr, Meesho's total income stood at Rs.4,259 Cr in Q2 FY27, up 31% from Rs.3,254.9 Cr a year ago.

Meesho incurred exceptional expenses in the last year quarter which it didn't incur this year, leading to the sharp annual reduction in loss. In Q2 FY26, Meesho incurred exceptional expenses of Rs.45 Cr towards a business combination a...