ANI
17 Aug 2025, 17:35 GMT+10
New Delhi [India], August 17 (ANI) Days after reporting reported sustained financial performance in Q1 FY26, EaseMyTrip Founder and Chairman Nishant Pitti laid out a vision for the group.
Pitti envisages transformation from a travel platform to an integrated consumer services ecosystem.
In a post on X on Sunday, Pitti said, ' EaseMyTrip is no longer just a flight led travel company. With over 3 crore loyal users, we are leveraging our scale and trust to grow multiple high margin businesses. Hotels are a key focus area, a category that offers strong margins and long-term profitability, and we are investing aggressively to capture this opportunity. Through our EMT 2.0 strategy we are diversifying into hotels, holidays, mobility, wellness, and lifestyle services. This reduces dependence on flights where margins are shrinking and on railways which remain IRCTC controlled.'
'By expanding across profitable verticals and acquiring established businesses, EaseMyTrip is creating a resilient ecosystem that gives customers more reasons to engage with us while delivering stronger value to partners and shareholders. Our vision is clear: to transform from a travel platform into an integrated consumer services ecosystem, powered by our vast user base, brand trust and distribution network,' he added in his post.
Earlier, on August 14, in a filing on the Stock Exchanges the company stated that for Q1 FY26, Gross Booking Revenue was Rs 2,065.8 Cr, Revenue from Operations was Rs 113.8 Cr, and the EBITDA was INR 6.9 Cr.
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 Lac to 3.3 Lac 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 Lac to 4.3 Lac.
EaseMyTrip's 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 markets.
In Q1 FY26, Dubai operations recorded GBR of Rs 318.1 Cr. compared to Rs 126.7 Cr. in the corresponding quarter of the previous year, representing a year-on-year increase of 151.0%.
The company said it is positioning for its next phase of growth by expanding into hotels, holidays, mobility, wellness, and lifestyle services through its EMT 2.0 strategy, launched earlier this year. The focus is on acquiring profitable businesses in high-margin categories to reduce dependence on flights and build a more stable earnings base over time.
EMT 2.0 targets up to 49% percent stakes in established, profitable companies that can benefit from EaseMyTrip's brand and distribution, while adding higher-margin revenue streams to the group.
The company says it is strategically reducing reliance on cyclical air travel by adding hotels, holidays, wellness, concierge, and mobility services with stronger unit economics. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationDonald Trump came into office promising to end the war in Ukraine in 24 hours. Now, six months later, his high stakes meeting with...
WASHINGTON, D.C.: Alcohol consumption in the United States has dropped to its lowest level since Gallup began tracking the trend in...
WASHINGTON, D.C.: A split federal appeals court has ruled that the Trump administration can halt or cancel billions of dollars in foreign...
DOHA, Qatar: The head of Qatar's small Baha'i community has been sentenced to five years in prison for social media posts authorities...
PATRAS, Greece,/MADRID: Wildfires intensified across southern Europe, with extreme heat, strong winds, and suspected arson driving...
WASHINGTON, D.C.: Mexico has handed over 26 top cartel members to the United States this week, in the latest major cooperation deal...
WASHINGTON, D.C.: Texas Attorney General Ken Paxton has filed a lawsuit against U.S. pharmaceutical giant Eli Lilly, alleging the company...
WASHINGTON/BEIJING: The United States and China have agreed to extend their current tariff truce for another 90 days, sidestepping...
(Photo credit: Katie Stratman-Imagn Images) The Milwaukee Brewers just won't allow themselves to lose. The club set a franchise...
(Photo credit: Jeff Curry-Imagn Images) Ben Rice drove in a career high-tying seven runs, tallied three hits and scored twice as...
(Photo credit: Katie Stratman-Imagn Images) Pinch hitter Andruw Monasterio hit a go-ahead three-run home run in the top of the 11th...
(Photo credit: Benny Sieu-Imagn Images) The Milwaukee Brewers placed left-handed pitcher DL Hall on the 15-day injured list on Saturday...