OMG India records over 133% rise in profit in 4 years; Revenue surged to Rs 405.5 cr in 2023

Omnicom Media Group India Pvt Ltd posted Rs 43.7 crore standalone profit as of December 2023 against Rs 18.7 crore in December 2020

By  Mansi JaswalAug 5, 2024 8:41 AM
OMG India records over 133% rise in profit in 4 years; Revenue surged to Rs 405.5 cr in 2023
Omnicom Media Group India's EBITDA stood at Rs 74.54 crore as of March 31, 2023.

Global marketing communication network Omnicom Group's Indian subsidiary has reported a more than 133% rise in profit in the past four years.

According to business research platform Tofler, Omnicom Media Group India Pvt Ltd posted Rs 43.7 crore standalone profit as of December 2023 against Rs 18.7 crore in December 2020.

The company's standalone total revenue surged to Rs 405.50 crore in December last year as against Rs 165.83 crore in 2020.

Omnicom Media Group India's EBITDA stood at Rs 74.54 crore as of March 31, 2023.

Recently, Omnicom Media Group retained Volkswagen's global media account. Previously, the media responsibilities of the German automakers were managed by WPP's MediaCom from 1998 until Omnicom-owned PHD took over in 2016.

Omnicom Media Group India's CEO Kartik Sharma completed four years with the company in July 2024. Sharma joined the company in January 2020. Taking to LinkedIn about his journey, Sharma wrote, "As I complete 4 years with Omnicom today my deepest gratitude to my entire team, our clients, and media partners for your support and making this a memorable journey".

First Published on Aug 5, 2024 8:41 AM

More from Storyboard18

Brand Marketing

Threads closes in on X as mobile app race heats up; Bluesky lags despite surge

Threads closes in on X as mobile app race heats up; Bluesky lags despite surge

Brand Marketing

Titan grows 20% in Q1 FY26, jewellery, watches lead the way

Titan grows 20% in Q1 FY26, jewellery, watches lead the way

Brand Marketing

Canva outage sparks global disruption, raises platform stability concerns

Canva outage sparks global disruption, raises platform stability concerns

Brand Makers

Domino's, Pizza Hut add hundreds of stores in FY25 as India pizza market heats up

Domino's, Pizza Hut add hundreds of stores in FY25 as India pizza market heats up

Brand Marketing

KFC India's daily sales plummet 6.4% per store in FY25; GenZ becomes new marketing focus

KFC India's daily sales plummet 6.4% per store in FY25; GenZ becomes new marketing focus

Brand Marketing

Wedding season, Akshaya Tritiya spark 31% sales surge for Kalyan Jewellers in Q1

Wedding season, Akshaya Tritiya spark 31% sales surge for Kalyan Jewellers in Q1

Brand Marketing

Air India pays compensation to nearly two-thirds of June 12 crash victims’ families

Air India pays compensation to nearly two-thirds of June 12 crash victims’ families

Brand Marketing

Why only 5%? Gaming sector demands more ad investment for its scale

Why only 5%? Gaming sector demands more ad investment for its scale