StayVista Achieves Profitability in Fiscal 2025

StayVista, a luxury villa and homestay rental startup, has turned profitable in the fiscal year ending March 2025. The Mumbai-based company accomplished this through steady growth in operating revenue and careful management of expenses related to employee benefits, rent, and other costs.

StayVista’s operational revenue increased by 29%, reaching Rs 181 crore in FY25, up from Rs 140 crore in FY24, according to financial statements obtained from the Registrar of Companies (RoC). StayVista connects property owners with travellers seeking vacation rental options. The platform allows property owners to list their rentals while facilitating bookings and online payments. Revenue generated from these services constituted the company’s sole income source.

Alongside minimal contributions from other income streams, StayVista reported total revenue of Rs 183 crore in the previous fiscal year.

Expenditure Breakdown

From a cost perspective, material cost represented the largest expenditure, accounting for 77% of total expenses. This expense increased by 26%, rising to Rs 138 crore in FY25 from Rs 109.5 crore in FY24. Employee benefit expenses also saw a rise of nearly 4%, amounting to Rs 29 crore in FY25. In contrast, legal expenses decreased by 32% to Rs 2.37 crore, while other overheads including rent, travel, and miscellaneous costs contributed an additional Rs 9.6 crore. Overall, the total expenses of the company grew by 18%, reaching Rs 179 crore in FY25 from Rs 152 crore in FY24.

Profit Margins and Efficiency

The increase in scale, combined with a comparatively slower rise in costs, enabled StayVista to become profitable, registering a profit of Rs 3.6 crore in FY25 against a loss of Rs 8 crore in FY24. Additionally, the company’s Return on Capital Employed (ROCE) and EBITDA margin improved to 5.43% and 1.33% respectively. On a per-unit basis, StayVista spent Rs 0.99 to generate one rupee in FY25, a significant improvement from Rs 1.09 in FY24. By the end of FY25, StayVista reported current assets of Rs 59 crore, which included cash and bank balances totalling Rs 13.5 crore.

Funding and Market Position

In June of the previous year, StayVista successfully completed its Series B funding round, securing Rs 40 crore. The investment was led by JSW Ventures, with participation from existing investors DSG Consumer Partners and Capri Family Office. The company faces competition from major players such as Airbnb, SaffronStays, and TripVillas.

Focus on Luxury Market

The emphasis on luxury villas and homestays has positioned StayVista for success in a market that is increasingly inclined towards these options. With domestic tourists looking towards domestic travel due to international disruptions, the prospects for StayVista are promising. As the company experiences growth, better cost dynamics have emerged, benefiting property owners associated with them. Strong marketing strategies and partnerships, including one with Marriott Bonvoy, primarily a rewards points programme, have likely contributed to its success.

Future Aspirations

With a long runway ahead, there is hope that StayVista will focus on fortifying its operations in India rather than being distracted by ventures outside the country.