EaseMyTrip Reports Q2 FY26 Loss Amid Strategic Investments and Market Challenges
Easy Trip Planners Limited (EaseMyTrip) reported a consolidated net loss of 327.00 million rupees in Q2 FY26, compared to a profit of 259.00 million rupees in Q2 FY25. Revenue from operations decreased by 18.6% to 1.18 billion rupees. EBITDA margin compressed to 3.32% from 25.5%. Despite overall decline, hotel bookings grew 93.3% year-on-year. Dubai operations showed strong growth with a 109.7% increase in Gross Booking Revenue. The company is pursuing diversification into high-margin segments and international expansion, including a 50% stake acquisition in a London luxury hotel.

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Easy Trip Planners Limited , operating under the brand EaseMyTrip, has reported a consolidated net loss of 327.00 million rupees for the second quarter of fiscal year 2026, contrasting with a profit of 259.00 million rupees in the same period last year. The online travel tech platform's financial results reveal a complex picture of growth initiatives amid challenging market conditions.
Revenue and Profitability
The company's revenue from operations declined to 1.18 billion rupees in Q2 FY26 from 1.45 billion rupees in the corresponding quarter of the previous year. This 18.6% year-on-year decrease in revenue reflects the competitive pressures in the travel industry.
EaseMyTrip's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin saw a significant compression, dropping to 3.32% from 25.5% year-on-year. In absolute terms, EBITDA fell to 39.00 million rupees from 369.00 million rupees, indicating increased operational costs and investments in growth initiatives.
Segment Performance
Despite the overall decline, certain segments showed resilience:
| Segment | Q2 FY26 Revenue (₹ Million) | YoY Growth |
|---|---|---|
| Air Passage | 720.91 | -22.1% |
| Hotel Packages | 318.39 | -2.3% |
| Other Services | 144.09 | -26.3% |
The hotel and holiday segment demonstrated particular strength, with bookings growing by 93.3% year-on-year, from 2.2 lac to 4.2 lac, averaging 4,600 room nights booked daily.
International Expansion
Easy Trip Planners' Dubai operations have shown remarkable growth, with Gross Booking Revenue (GBR) increasing by 109.7% year-on-year to 3.62 billion rupees. This performance underscores the company's successful international expansion strategy.
Strategic Initiatives
The company has been actively pursuing its EMT 2.0 initiative, focusing on diversification into high-margin segments such as hotels, wellness, holidays, and mobility services. This strategy aims to create a more resilient business model with multiple revenue streams.
Easy Trip Planners has also made significant acquisitions, including a 50% stake in Three Falcons Notting Hill Limited, owner of a luxury boutique hotel in London, marking its entry into the high-end international hospitality market.
Operational Highlights
- Gross Booking Revenue: 19.59 billion rupees
- Revenue from Operations: 1.18 billion rupees
- EBITDA: 121.00 million rupees (9.6% margin, up 76.3% QoQ)
- Total Comprehensive Income: 135.00 million rupees
Management Commentary
Nishant Pitti, Chairman, Managing Director & Founder of Easy Trip Planners, commented on the results: "EaseMyTrip delivered a strong sequential performance in Q2 FY26, demonstrating operational resilience and strategic progress across our business verticals. Our Dubai operations sustained an upward trajectory, and the Hotel and Packages segment remained a key driver of growth."
Future Outlook
Looking ahead, Easy Trip Planners plans to continue its international expansion, focusing on new offices, subsidiaries, and regional product verticals. The company is leveraging data-driven strategies and technology-led innovation to enhance the travel experience for its growing global customer base.
While the quarterly loss presents near-term challenges, Easy Trip Planners' strategic investments and diversification efforts may position it for long-term growth in the evolving travel industry landscape. Investors and analysts will be watching closely to see how these initiatives translate into financial performance in the coming quarters.
Historical Stock Returns for Easy Trip Planners
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.25% | -1.00% | +1.15% | -34.89% | -47.18% | +22.12% |















































