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Economic Times
17 hours ago
- Economic Times
EaseMyTrip delivers strong Q1 FY26 growth led by hotels & packages, robust international operations
ANI EaseMyTrip delivers strong Q1 FY26 growth led by hotels & packages, robust international operations EaseMyTrip, one of India's leading online travel tech platforms, reported sustained financial performance. In a filing on the stock exchanges the company stated that for Q1 FY26, gross booking revenue was Rs 2,065.8 crore, revenue from operations was Rs 113.8 crore, and the Ebitda was Rs 6.9 crore. According to the filing, focused non-air segment strategies fuelled strong growth in the vertical. In Q1 FY26, hotel and holiday bookings grew by 81.2% year-on-year, rising from 1.8 lakh to 3.3 lakh room nights - averaging 3,637 room nights booked daily. The trains, buses, and others segment recorded a 41.4% year-on-year growth, with bookings increasing from 3.1 lakh to 4.3 international expansion action plans continued to deliver strong results, with its Dubai operations maintaining an impressive growth trajectory and reinforcing the brand's presence in high potential international Q1 FY26, Dubai operations recorded GBR of Rs 318.1 crore, compared to Rs 126.7 crore in the corresponding quarter of the previous year, representing a year-on-year increase of 151%.According to the filing, this commendable performance reflects the continued traction in international travel and operational scale-up. Commenting on the results, Nishant Pitti, founder and chairman, EaseMyTrip said, "For Q1 FY26, EaseMyTrip began the year with a steady performance, recording a gross booking revenue of Rs 2,065.8 crore, driven by strong momentum in the hotels and packages segment, which grew 81.2% year-on-year from 1.8 lakh to 3.3 lakh room nights, averaging 3,637 room nights booked daily. Additionally, an average of 24,230 flight segments were booked daily. Our Dubai operations also posted an outstanding performance, with Gross Booking Revenue rising 151% from Rs 126.7 crore to Rs 318.1 crore" "Despite the global headwinds in the travel industry, these performances reflect the strength of our diversified portfolio, our destination-focused strategies, and our capacity to stay ahead of changing traveller needs in both leisure and business segments. From a homegrown startup to one of India's leading travel-tech platforms, we are proud to represent our nation on the global stage. We continue to focus on growing our domestic and international presence, strengthening alliances, and building enduring value for our customers and stakeholders," Nishant Pitti further to the filing on the exchanges, during the quarter, EaseMyTrip entered into key strategic alliances, including a partnership with neo-bank OneBanc. Through this collaboration, the company's corporate travel solution EMTDesk is integrated into OneBanc's AI-powered payroll and expense platform to deliver a more seamless and enhanced corporate travel experience for part of its long-term diversification strategy, Chairman and Founder Nishant Pitti has launched EaseMyTrip 2.0, a strategic initiative aimed at nurturing India's next wave of scalable startups. The program will invest in high-potential ventures across core and adjacent sectors, including wellness, spiritual tourism, luxury travel, intercity mobility, insurance, and travel-linked financial products. Unlike traditional investment models, the company will acquire up to 49% equity while allowing founders to retain fulloperational control to empower entrepreneurs to scale by leveraging the company's robust digital infrastructure, extensive marketing reach, and a customer base of over 3 crore filing noted, in Q1FY26, EaseMyTrip also celebrated its 17 years of dominance in the OTA space with a milestone sale event, offering attractive discounts across flights, hotels, buses, cabs, and holiday packages, along with exclusive vouchers from leading retail the marketing front, the company rolled out the 'Easy Summer Sale' campaign to reinforce the company's positioning as a value-driven platform for peak-season filing states, strengthening its social impact under the EaseMyTrip Foundation, the company extended support to Neha Kortikar, a promising rifle shooter from Goa. The sponsorship covered advanced coaching, professional grade equipment, and participation in competitive events, empowering her pursuit of sporting excellence. This initiative reflects EaseMyTrip's continued commitment to nurture young female athletes and contribution to the growth of India's sporting talent filing states that, EaseMyTrip has built a strong presence across 10 countries, serving a premium user base of over 3 crore and a network of 72,000+ registered travel agents. With a team of 1,700+ employees, the company boasts an impressive 94% repeat transaction rate, partnerships with 400+ domestic and international airlines, and access to 2.9 million+ hotel listings worldwide. (ANI) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? 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News18
20 hours ago
- News18
EaseMyTrip Board approved three acquisitions to strengthen strategic presence
New Delhi [India], August 14 (ANI): EaseMyTrip, one of India's leading travel-tech platforms, has announced three strategic acquisitions to strengthen its end-to-end travel capabilities across both international and domestic markets, according to a company release. The company has:(a) approved acquisition of a 50% stake in Three Falcons Notting Hill Limited for its London's premium property, Three Falcons Hotel, through a secondary investment(b) approved acquisition of a 100% stake in AB Finance Private Limited for acquiring its premium commercial asset property in Gurugram, India at the upmarket Golf Course Road, through a secondary investment, and,(c) In-principally approved making a strategic investment in the proposed acquisitions to be done through share swap arrangement, EaseMyTrip will mark its entry into the international hospitality space with an investment in Three Falcons Hotel, a luxury boutique hotel located in the prestigious St John's Wood area of London, near Lord's cricket to cater to both business and leisure travelers, the hotel will facilitate EaseMyTrip to deliver experiential hospitality in one of the world's most influential tourism markets. The move comes at a time when the global hospitality industry, currently valued at USD 5.71 trillion, is projected to reach USD 7.23 trillion by 2029, presenting substantial growth other proposed acquisition of AB Finance will add a key asset to EaseMyTrip's domestic portfolio. Located at a prominent corporate corridor at the Golf Course Road, Sector 53, Gurugram, the commercial property is projected to support EaseMyTrip's expanding operations. It will offer the flexibility to accommodate EaseMyTrip's future business requirements, including office infrastructure expansion, as EaseMyTrip continues to scale its presence across in-principle approval to invest in VBIL, which is inter alia engaged in entertainment and real estate business activities is a strategic investment move of the Company.
Hindustan Times
a day ago
- Hindustan Times
Machail Mata yatris were gathered for langar when flash floods hit: What we know on disaster after Kishtwar cloudburst
Large groups of pilgrims were gathered at Chasoti village in J&K's Kishtwar, a key stop on the pilgrimage to the Hindu shrine Machail Mata Mandir, and collecting food from a langar (community kitchen) when flash floods washed them away on Thursday. A survivor of the flash floods that occurred by the banks of the Chashoti Nullah following a cloudburst in Kishtwar on Thursday. (ANI Video Grab ) Triggered reportedly by a cloudburst, the flash floods claimed at least 37 lives, deputy commissioner Pankaj Kumar Sharma told HT. More than 100 people are injured, while more than 60 have so far been rescued, officials added. The death toll is likely to rise as rescue efforts are hindered by continuous rain. The disaster took place by the banks of Chishoti Nullah, a rivulet, a stopover on the popular pilgrimage route to the temple in Padder area. The pilgrimage began on July 25 this year, and over 130,000 (1.3 lakh) pilgrims have already paid obeisance. 'The deluge hit a community kitchen set up for the pilgrims where 100 to 150 pilgrims were having food,' an officer said.
