RateGain Travel Tech Boosts FY26 Revenue Forecast, Reports Strong Q2 Performance
RateGain Travel Technologies has updated its FY26 revenue growth forecast to 55-60% year-over-year, while maintaining organic growth outlook at 6-8%. Q2 FY2026 results show operating revenue of ₹2,950.60 million, up 6.40% YoY. The company has agreed to acquire Sojern Inc. for USD 250 million, enhancing its AI-first platform for the travel industry. Management reports strong new contract wins, particularly in APMEA. RateGain also received Great Place to Work® certification in Spain and the US, and won a CII Award for its AI solution.
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RateGain Travel Technologies Limited has revised its financial guidance for FY26, projecting higher revenue growth while maintaining its organic growth outlook. The company also reported robust financial results for the second quarter of fiscal year 2026.
Updated FY26 Guidance
RateGain has increased its revenue growth forecast for FY26 to 55-60% year-over-year, up from its previous projection. The company maintains its organic growth outlook at 6-8% for FY26. Management anticipates:
- Full-year EBITDA margin of 16-17%
- EBITDA exit rate to reach 17-18% by March 2026
The updated guidance follows a recent conference call, with management adopting a cautiously conservative approach.
Q2 FY2026 Financial Highlights
For the quarter ended September 30, 2025, RateGain reported:
| Metric | Q2 FY2026 | YoY Change |
|---|---|---|
| Operating Revenue | ₹2,950.60 million | +6.40% |
| Total Revenue | ₹3,166.00 million | +7.50% |
| EBITDA | ₹536.30 million | -10.90% |
| PAT | ₹510.10 million | -2.30% |
| EBITDA Margin | 18.20% | -3.50 percentage points |
| PAT Margin | 17.30% | -1.50 percentage points |
H1 FY2026 Performance
For the first half of FY2026, the company reported:
| Metric | H1 FY2026 | YoY Change |
|---|---|---|
| Operating Revenue | ₹5,679.70 million | +5.70% |
| Total Revenue | ₹6,101.70 million | +6.50% |
| EBITDA | ₹1,033.00 million | -6.10% |
| PAT | ₹979.40 million | +0.40% |
| EBITDA Margin | 18.20% | -2.30 percentage points |
| PAT Margin | 17.20% | -1.00 percentage point |
Strategic Developments
RateGain has entered into a definitive agreement to acquire 100% of Sojern Inc., a US-based company specializing in AI-powered hospitality and travel marketing platforms. The acquisition, valued at USD 250 million, is expected to enhance RateGain's AI-first platform for the travel industry.
Management Commentary
Bhanu Chopra, Founder and Chairman of RateGain Travel Technologies, stated, "GTM expansion strategy continues to deliver strong results in the form of pick-up in new contract wins in H1FY26. We have registered our best-ever performance in new contract wins in APMEA driven by focused execution and growing adoption of RateGain's integrated solutions."
Rohan Mittal, Chief Financial Officer, added, "Highest ever quarterly revenue reaffirms our GTM strategy, stable EBITDA % reflects a disciplined approach to investments that we are making across products and people. The addition of Sojern will further accelerate our EPS journey."
Corporate Recognition
RateGain has expanded its Great Place to Work® certification to include both Spain and the United States. Additionally, the company won the CII Award for Best AI Solution Showcase for its flagship product UNO VIVA, recognizing its leadership in building transformative AI-led solutions for the travel industry.
The company continues to focus on balancing growth and profitability while investing in product innovation and market expansion. The successful integration of Sojern remains a key priority for RateGain in the near term.
Historical Stock Returns for RateGain Travel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.04% | +5.94% | +9.97% | +41.51% | +2.76% | +110.26% |
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