News on Medial

OYO adds 3,500 corporate clients in FY25, records 20% YOY growth

EntrackrEntrackr ยท 1m ago
OYO adds 3,500 corporate clients in FY25, records 20% YOY growth
Medial

Hospitality firm OYO has announced that its business accelerator division added over 3,500 new corporate clients in FY25, marking a 20% year-on-year growth in its corporate portfolio. According to OYO, it now has a network of more than 6,500 corporate clients with this addition. Mumbai emerged as the top-performing market, adding over 700 new corporate clients in the past year, followed by Hyderabad with 400 and Pune with 350. Other major metro cities, including Chennai and Bangalore, also played a key role in the surge in corporate accounts. Some of the key brands added in FY25 include SBI Life, Cult.fit, and Sun TV Direct, further strengthening OYOโ€™s presence among large enterprises and pan-India organisations. This business vertical caters to the travel and accommodation needs of corporate clients, offering smooth check-ins at more than 1,100 conveniently located, company-serviced hotels in over 300 cities, tailored meal options, conference facilities, event management support, and customised holiday packages. With a pipeline of potential partnerships and continued focus on innovation in corporate travel, OYO aims to accelerate its expansion with a focus on premium brands such as SUNDAY, Palette, Clubhouse Townhouse, Townhouse O, and Collection O. According to market research, India has emerged as the fourth-largest business travel market in the Asia-Pacific region. OYO offers more than 40 integrated products and solutions to patrons who operate over 170,000 hotel and home storefronts in more than 35 countries, including India, Europe, and Southeast Asia.

Related News

Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%

EntrackrEntrackr ยท 1m ago
Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%
Medial

Honasa Consumer Limited, the parent company of Mamaearth, has reported a 13% growth in scale, while its year-on-year (YoY) profits decreased by 17% during the same period. Honasa Consumer Limited, based in Gurugram, announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25). The company reported a 13% growth in scale, while YoY profits decreased by 17%. Mamaearthโ€™s Q4 FY25 revenue from operations increased 13% YoY to Rs 533 crore from Rs 471 crore in Q4 FY24. For the full fiscal year (FY25), operating revenue increased 8% to Rs 2,067 crore from Rs 1,920 crore in FY24. The company also added Rs 20 crore from non-operating activities, tallying its overall revenue to Rs 554 crore for Q4 FY25. For FY25, total income was Rs 2,146 crore. The cost of procurement accounted for 30% of the overall expenditure, increasing 11% YoY to Rs 156 crore in Q4 FY25 from Rs 141 crore in Q4 FY24. Spending on employee benefits, marketing, legal, rent, and other overheads led to a 16% YoY rise in total expenditure to Rs 522 crore in Q4 FY25 from Rs 451 crore in Q4 FY24. Total expenses for FY25 were Rs 2,056 crore. The company reported a profit after tax of Rs 25 crore in Q4 FY25, a 17% decrease from Rs 30 crore in Q4 FY24. Profit for FY25 decreased to Rs 73 crore compared to Rs 110 crore in FY24. Recently, the company elevated Karan Bajwa and Avinash Dhagat to CXO roles, following Anuja Mishra's (CMO) resignation. Mamaearth parentโ€™s shares closed at Rs 275, with a marketing capitalization of Rs 8,944 crore ($1.04 billion).

Download the medial app to read full posts, comements and news.