Paytm’s FY25E revenue likely to decline by 24%; company to lose customers, 15-20% merchants to competitors

Amid the looming regulatory scrutiny around Paytm with Paytm Payments Bank Limited (PPBL) receiving regulatory warnings and RBI imposing severe business restrictions on the subsidiary company, Motilal Oswal Financial Services estimated that Paytm’s FY25E revenue is expected to decline by 24 per cent. “We remain watchful on the ongoing business transition and Paytm’s ability to recover lost business and resume growth trajectory over FY25- 26E. We thus estimate FY25E revenue to decline by 24 per cent, while contribution profit declines 30 per cent,” Motilal Oswal stated in an analysis report.