Brands
Meesho fires up festive quarter with Rs 10,995 crore NMV surge in Q3 FY26
BENGALURU: Meesho posted a sharp festive-quarter performance in Q3 FY26, clocking net merchandise value (NMV) of Rs 10,995 crore, up 26 per cent year on year, driven by a surge in placed orders and rising purchase frequency across underserved markets.
Placed orders rose 36 per cent to 690 million during the quarter, while annual transacting users climbed 34 per cent to 251 million, cementing Meesho’s position as India’s largest e-commerce platform by both users and order volumes.
Meesho founder and chief executive officer Vidit Aatrey, said the results reflected the strength of the platform’s growth, with more users shopping more frequently, particularly first-time e-commerce consumers in value-focused regions.
He added that despite becoming a public company, Meesho would continue to prioritise platform health and disciplined growth, with free cash flow per share as its long-term performance metric.
User engagement also deepened, with customers transacting an average of 9.78 times annually over the last twelve months, up 9 per cent year on year, signalling the formation of repeat purchasing behaviour.
The company noted that festive season calendar shifts moved some Diwali-led demand into Q2 FY26. Combined NMV for Q2 and Q3 FY26 stood at Rs 21,510 crore, marking a stronger 37 per cent year-on-year growth when adjusted for the timing impact.
Meesho continues to invest in technology-led onboarding, rolling out deep-learning recommendation models and enhanced voice search to boost conversion among first-time users, particularly in regional language markets. Brand participation is also expanding, with companies such as Dabur scaling their presence on Meesho Mall.
On a last twelve months basis, Meesho reported positive free cash flow of Rs 56 crore, supported by its asset-light model and negative working capital cycle. As of December 31, 2025, cash reserves stood at Rs 7,277 crore, including Rs 4,088 crore raised through its recent initial public offering.
Brands
Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
