The Noida-based home salon services platform Yes Madam has reported a significant financial milestone for the fiscal year ending March 2025. The company’s revenue from operations doubled to Rs 92.5 crore in FY25 from Rs 45.8 crore in FY24, as disclosed in its financial filings with the Registrar of Companies (RoC).
Founded in 2016, Yes Madam offers at-home beauty, salon, and wellness services through its app or website. The platform connects users with skilled professionals for services like haircuts, facials, waxing, and massages, earning revenue through commissions on bookings.
Product sales contributed 54% to the company’s operating revenue, hitting Rs 50 crore in FY25, with the remaining Rs 42.5 crore generated from service sales, including commission income and subscription royalties. Non-operating sources such as penalty charges and interest on fixed deposits added Rs 2 crore, totaling the company’s income to Rs 94.5 crore in the previous fiscal year.
While procurement expenses for products doubled to Rs 31.4 crore in FY25, business promotion costs surged 3.7 times to Rs 27 crore. Employee benefits expenses rose by 52% year-on-year to Rs 18.14 crore. Overall expenditures nearly doubled to Rs 92.4 crore from Rs 45.5 crore in FY24, primarily driven by various overheads.
Despite the increased expenses, Yes Madam managed to remain profitable, reporting a profit of Rs 1.8 crore for the fiscal year, with a ROCE of 2.29% and an EBITDA margin of 0.57%. The company’s ability to maintain profitability while expanding its operations underscores its strength in the at-home services market.
Source: Entrackr : Latest Posts