Meesho expects slower Q2 growth, to raise festive marketing spend - The Economic Times

Meesho anticipates slower net merchandise value growth this quarter. The company plans increased spending to acquire new users before the festive season. This shift in sale timing will make the next quarter appear stronger. Consolidated revenue rose forty-eight percent year-on-year in the June quarter. Meesho aims for stronger festive performance by accepting weaker second-quarter growth.

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