Nomura on Meesho ; Reduce, TP Rs 167

Mixed bag in 2QFY27 Investments offset CM gains at adj. EBITDA level CM improvement to reverse in 3QFY27E Management Keeping NMV CAGR guidance of 25% for FY26-30E unchanged for now Stock is currently trading at 1.4x and 1.2x EV/NMV on FY28F & FY29F basis, respectively.

MEESHO LIMITED

← Back to feed