OYO’s Global Push and Spiritual Tourism Fuel First Annual Profit

OYO has achieved a significant turnaround by reporting its first full year of profitability in FY24, with a net profit of INR 229 Cr after years of losses. This success is driven by international expansion—including the acquisition of G6 Hospitality in the US—and capitalizing on the rapid growth of spiritual tourism in India. The company’s revenue and operating performance have both rebounded strongly, and OYO is targeting a profit of INR 1,100 Cr by FY26. With a strengthened business model and plans for a public listing, OYO is positioning itself as a resilient and dynamic player in the global hospitality sector.

Source: inc42.com