Yatra Online Achieves Record Q1 FY26 with 108% Revenue Surge and Corporate Travel Boom, ETTravelWorld

Yatra Online Limited has announced its highest-ever first-quarter results for FY26, recording consolidated revenue of ₹2,098 million, up 108 per cent compared to ₹1,011 million in Q1 FY25. EBITDA rose 247 per cent year-on-year to ₹242 million from ₹70 million, while net profit surged 296 per cent to ₹160 million from ₹40 million. EBITDA margin expanded to 21 per cent, reflecting disciplined cost control and a favourable business mix.

The robust performance was driven by sustained momentum in corporate travel and significant growth in the higher-margin hotels and packages business, bolstered by Meetings, Incentives, Conferences and Exhibitions (MICE) demand and effective cross-selling to Yatra’s existing customer base. During the quarter, the company signed 34 new corporate accounts with an estimated annual billing potential of ₹2 billion.

Dhruv Shringi, Whole Time Director and Chief Executive Officer, Yatra Online Limited, said:
“We have started FY26 on a strong footing, with revenue growth of 108 per cent year-on-year, EBITDA growth of 247 per cent, and net profit growth of 296 per cent, comfortably surpassing the guidance given at the start of the year. This has been achieved despite a challenging macro environment that included cross-border tensions, new tariffs on key routes, and the tragic June 2025 air crash which temporarily affected passenger volumes.

Our continued focus on asset-light growth, technology-led efficiency, and deepening client relationships has helped us strengthen our leadership in corporate travel while accelerating growth in the hotels and packages segment. The signing of 34 new corporate accounts with a combined annual billing potential of ₹2 billion underlines our strong value proposition in the B2B space.

The deal, valued at INR 1280 million in cash, marks a strategic move to bolster Yatra’s dominance in the corporate travel sector. This acquisition adds approximately 360 corporate customers to Yatra’s existing base of over 850 corporate clients, effectively expanding Yatra’s market share in the corporate travel segment by an estimated 40 per cent.

Looking ahead, we remain confident about our ability to deliver sustainable, profitable growth, further diversify our revenue streams, and cement Yatra’s position as a leading player in India’s and the region’s travel ecosystem.”Yatra also reported continued recovery in business travel volumes, alongside strong demand for leisure products, particularly in domestic and short-haul international markets. The company noted that hotels and packages revenue benefited from growth in MICE, increased adoption of bundled services, and strategic cross-selling to its corporate and retail base.

With an asset-light model, a robust client pipeline, and growing share in higher-margin verticals, Yatra said it remains well-positioned to deliver on its FY26 growth strategy, while continuing to invest in technology and product innovation to enhance the traveller experience.

• Published On Aug 11, 2025 at 01:15 PM IST

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