EaseMyTrip reported a net loss of ₹11.7 crore for the June quarter of FY 2026‑27, reversing a modest profit of ₹44 lakh posted in the same period a year earlier.
Revenue climbs while expenses surge
Operating revenue rose 18.4 % year‑on‑year to ₹134.7 crore, up from ₹113.8 crore in Q1 FY 2026. The increase was driven largely by hotel‑related packages, whose segment revenue more than doubled to ₹67.6 crore. By contrast, air‑ticket sales fell 4 % YoY to ₹54.8 crore and other services, including trains and buses, halved to ₹12.3 crore.
Overall gross booking revenue (GBR) grew 14.8 % to ₹2,371 crore, with flights still accounting for the bulk of bookings at 74.1 % of GBR. Hotels and holiday packages contributed 24.9 %, while the remaining 1 % came from trains, buses and ancillary services. The growth in GBR can be attributed to the increased demand for travel services, with the company’s hotel night bookings nearly doubling year-over-year to 6.47 lakh.
Despite the top‑line growth, total expenses jumped 29.8 % to ₹152.7 crore from ₹117.7 crore a year ago. Service costs more than doubled, reaching ₹39.2 crore, and payment‑gateway charges rose 19.4 % to ₹16.4 crore. Advertising and sales‑promotion outlays increased 10.7 % to ₹18.5 crore, while other expenses climbed 20.7 % to ₹38.1 crore. Employee benefit expenses also rose, increasing 4.2% to ₹32.8 crore from ₹31.4 crore in the year-ago quarter.
The significant increase in expenses can be attributed to the company’s efforts to expand its services and strengthen its position in the market. The company has been investing in its travel ecosystem, including airport services and emerging categories, which has led to an increase in costs. Additionally, the company’s focus on its Hotels & Holidays business has resulted in increased expenses, including advertising and sales-promotion outlays.
Segment performance and strategic moves
Hotel night bookings nearly doubled YoY to 6.47 lakh, reflecting the strong demand for accommodation packages. In the trains, buses and other services segment, bookings fell 45.8 % YoY, dropping from 4.3 lakh to 2.4 lakh. The decline in bookings in this segment can be attributed to the shift in consumer preference towards hotel and holiday packages.
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Dubai operations showed notable progress, posting GBR of ₹461.8 crore—a 45.2 % YoY increase over the same quarter last year. The company cited expansion in the UAE, AI‑driven travel tools, and a focus on its Hotels & Holidays business as part of its “strategic priorities.” The growth in Dubai operations can be attributed to the company’s efforts to expand its services in the UAE and its focus on AI-driven travel innovations.
Chairman Nishant Pitti said the quarter marked “an important phase in EaseMyTrip’s Vision 2030 journey,” emphasizing continued investment in the travel ecosystem, including airport services and emerging categories. The company’s Vision 2030 journey is focused on strengthening its position in the market and expanding its services to meet the growing demand for travel services.
The company’s strategic priorities, including expansion in the UAE and focus on AI-driven travel innovations, are expected to drive growth in the future. The company’s investment in its travel ecosystem, including airport services and emerging categories, is also expected to contribute to its growth. With the company’s focus on its Hotels & Holidays business, it is expected to continue to drive growth in this segment.
For travelers, the mixed results suggest that while flight bookings remain the engine of the platform, the push into hotel and holiday packages is beginning to pay off, even as cost pressures keep profitability out of reach for now. The company’s efforts to expand its services and strengthen its position in the market are expected to benefit travelers, with increased options and improved services.
Shares closed 3.55 % higher at ₹6.41 on the Bombay Stock Exchange, indicating investor optimism despite the loss. The increase in share price can be attributed to the company’s growth in revenue and its efforts to expand its services and strengthen its position in the market. Investors are likely to be optimistic about the company’s future prospects, given its strategic priorities and investment in its travel ecosystem.
