When OYO stepped out of losses and emerged into profitable territory in FY24, there was more than a healthy dose of scepticism. But in the 12 months since then, the Ritesh Agarwal-led company has shown that that was not a flash in the pan.

While the hospitality giant has not filed its FY25 numbers, each quarter, OYO’s revenue performance has come under the spotlight as well as its growing profits. This week, Agarwal told employees that the revenue for the final quarter touched INR 2,100 Cr.

What exactly fueled OYO to this position, and will OYO hit the INR 1,100 Cr profit milestone by FY26 as Agarwal has claimed? But before we answer that, here’s a look at the top stories from our newsroom this week:

• Swiggy’s New Bet: While Zomato’s Hyperpure has a head start, Swiggy Assure is expected to address its shortcomings, such as a lack of flexible credit options, and pre-processed essentials. Will Swiggy outpace its arch rival?
• The Sneaker Mania: India is witnessing a sneaker revolution right now, with a new generation of consumers flocking to new-age sneaker marketplaces to show off their identities and personalities through a pair of trendy shoes
• MakeMyTrip’s GenAI Playbook: Listed giant MakeMyTrip is doubling down on the personalisation of user experience at a time when the GenAI wave has taken the industry by storm, and hyper-personalisation is the new norm

How OYO Made The U-Turn

In his message to employees earlier this week, Agarwal said the 60% YoY revenue growth highlights the company’s ability to drive sustainable, profitable growth. “A key contributor to this performance has been the successful integration of G6 Hospitality, adding INR 275 Cr to our revenue,” Agarwal’s email is reported to have said.

It is pertinent to note that OYO clocked its........

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