Traveltech firm EaseMyTrip reports Rs 118 crore revenue in Q2 FY26

EaseMyTrip reported a mixed second quarter for FY26, marked by strong growth in some business lines but pressure on overall revenue and profitability. The travel-tech company posted a Gross Booking Revenue of Rs 1,958.7 crore and revenue from operations of Rs 118.3 crore. EBITDA for the quarter stood at Rs 12.1 crore with a margin of 9.6 percent, while total comprehensive income was Rs 13.5 crore.

The company continued to push its non-air strategy, which drove firm growth across hotels, holidays and mobility services. Hotel and holiday bookings grew 93.3 percent year on year, rising from 2.2 lakh to 4.2 lakh bookings, averaging around 4,600 room nights a day. The trains, buses and others segment also expanded 16 percent year on year, with bookings increasing from 2.8 lakh to 3.3 lakh.

EaseMyTrip’s international operations maintained a strong pace. Its Dubai business posted Gross Booking Revenue of Rs 361.7 crore in Q2 FY26, compared with Rs 172.5 crore a year earlier, marking a 109.7 percent rise. The company said demand for international travel and steady operational expansion helped support this growth.

At the same time, the company’s core financials showed strain. Operating revenue fell about 18 percent year on year to Rs 118 crore, down from Rs 145 crore in Q2 FY25. Air ticketing, which contributed the largest share of revenue, dropped 22 percent to Rs 72 crore. Hotel packages generated Rs 32 crore, accounting for 27 percent of the total.

Including other income, EaseMyTrip’s total income stood at Rs 126 crore, compared with Rs 150 crore a year earlier. For the first half of FY26, revenue slipped 22 percent to Rs 232 crore. Expenses rose 4.4 percent year on year to Rs 120 crore, driven by higher employee costs, payment gateway charges and service expenses. Employee benefits climbed 24 percent to Rs 31 crore. As a result, the company recorded a loss of Rs 36 crore in Q2 FY26 against a profit of Rs 27 crore in the same quarter last year.

The company continued to advance its EMT 2.0 strategy, aiming to become a full-stack travel platform with deeper presence in high-margin segments. It is widening its portfolio through acquisitions, partnerships and technology-led initiatives that support customer retention and improve profitability.

During the quarter, EaseMyTrip acquired a 50 percent stake in Three Falcons Notting Hill Limited, the owner of The Knight of Notting Hill, a boutique luxury hotel in London. This move marks its entry into international hospitality. It also bought 100 percent of AB Finance Private Limited, which owns a premium commercial property in Gurugram, to support future operational expansion.

EaseMyTrip partnered with Hoi to launch India’s first Smart Kiosk Rewards Program, allowing travellers to earn coupons and monthly vouchers on airport dining orders. The company also collaborated with MoEngage to strengthen personalised and real-time customer engagement.

Promotional campaigns remained a key part of its strategy. The Independence Day Azadi Mega Sale offered up to 79 percent off selected stays, while the Dussehra Sale provided discounts across flights, hotels, buses and holiday packages, including up to Rs 8,000 off on flights and Rs 10,000 off on hotels.

EaseMyTrip co-presented the Filmfare Awards Punjabi 2025, gaining wide visibility as the awards returned after eight years. The company said this helped widen brand recall while allowing it to offer exclusive travel deals to viewers.

It also formed a partnership with FreeAgent to simplify global travel for athletes and signed an MoU with Timbuckdo to offer student-focused travel discounts across flights, buses, hotels and experiences. In a leadership update, founder and chairman Nishant Pitti assumed the role of Chairman and Managing Director.

The company appointed Sankalp Kaul as Chief Technology Officer and Manmeet Ahluwalia as Chief Marketing Officer during the quarter. The board also approved issuing 55.93 crore fully paid-up shares worth Rs 514.06 crore on a preferential basis to seven non-promoter investors.

EaseMyTrip now operates across 10 countries, claims more than 30 million users, works with over 72,000 travel agents and has partnerships with more than 400 airlines and 2.9 million hotel listings. As it expands internationally, the company is building new subsidiaries, widening product lines and investing in data-driven solutions to build a more resilient, multi-segment travel business.