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Shares of Meesho Ltd. gained as much as 8% in early trade on Thursday, May 7, reacting to their fourth quarter earnings.
Meesho's revenue rose 47.1% year-on-year to ₹3,531.2 crore in the fourth quarter.
KEY POINTS
- Meesho's net loss narrowed to ₹166.3 crore, but EBITDA loss increased to ₹254.72 crore.
- Meesho's free cash flow turned negative ₹633 crore, versus positive ₹591 crore the previous year.
- HSBC expects Meesho's free cash flow to turn positive from FY27 amid improving profitability.
- HSBC predicts significant long-term logistics cost improvements despite Meesho's industry-low current costs.
COMPANIES
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