Introduction
OYO, India’s leading hospitality-tech company, has reported record-breaking financial results for Q1 FY26. Marked by robust revenue growth, improved margins, and aggressive portfolio expansion, OYO is also gearing up for an anticipated IPO in 2026. Here’s a deep dive into the latest numbers, strategic trajectory, and what it means for investors and stakeholders.
Key Highlights from Q1 FY26
- Revenue up 47% YoY to ₹2,019 Cr, fueled by strong demand in core markets like India and Southeast Asia.
- Adjusted EBITDA soared 231% YoY to ₹550 Cr, signaling sustained operating efficiency.
- PAT more than doubled (+135% YoY) to ₹200 Cr, while GBV (Gross Booking Value) expanded 145% to ₹7,277 Cr.
- Mid-premium and premium hotels drive growth: OYO’s company-serviced properties contributed 51% to GBV, up sharply from 9% last year.
OYO Hotel Growth: Strong Segment Momentum
OYO continues its leadership in the hotel sector, achieving:
- Hotel segment GBV: ₹5,939 Cr (+221% YoY).
- Hotel revenue: ₹1,576 Cr (+58% YoY).
- Hotel supply footprint: Expanded to 22,000 storefronts (+29% YoY).
- Rapid scaling of mid-premium and premium brands enhances service quality and revenue potential.
- OYO Homes also saw solid growth, with revenue up 20% and GBV up 16%.
Financials: OYO Profit and EBITDA Surge
The latest results highlight sustained profitability:
- EBITDA has shown consistent growth for five consecutive quarters, reaching ₹550 Cr in Q1 FY26.
- Operating profit and contribution profit have surged, while margins continue to improve due to strong cost controls and product-led demand generation.
FY26 Projections: A Bullish Outlook
OYO projects:
- FY26 EBITDA: ₹2,492 Cr (+127% YoY).
- GBV: ₹31,508 Cr (+94% YoY).
- Revenue: ₹9,212 Cr (+47% YoY).
- Operating costs expected to fall from 12% to 8% of GBV, boosting scalability.
Innov8 & Office Spaces: Beyond Hospitality
OYO’s office space brand, Innov8, is growing rapidly:
- Expanded from 30 centers in June ‘24 to 49 centers by July ‘25.
- Revenue up 55% YoY to ₹37 Cr, EBITDA up 189% YoY to ₹7.5 Cr.
- Recognized as India’s most profitable managed workspace player with a 25% EBITDA margin.
OYO IPO Update: India’s Hospitality Unicorn Goes Public
- IPO planned for H2 2026, backed by strong investor interest and robust financial fundamentals.
- OYO is engaging mutual funds and institutional investors in the run-up to its public offering.
- Major steps for IPO readiness include governance upgrades, reporting cadence, and new branding efforts.
Strategic Focus: What’s Next for OYO?
OYO’s management is doubling down on:
- Core markets (India and SEA) and profitable growth.
- Cost discipline, technology upgrades, and retention efforts to lift RevPAR and customer loyalty.
- Expanding mid-premium and premium portfolios, ensuring scalable operations without heavy capital requirements.
Final Word
With its best-ever quarterly results, continued profitability, and IPO plans on the horizon, OYO stands out as India’s most profitable startup and a powerful tech disruptor in hospitality and workspace solutions. The company’s ongoing transformation and expansion set the stage for an exciting new chapter
