\nYatra Online, Inc. (NASDAQ: YTRA) (the \u201cCompany\u201d), India\u2019s leading corporate travel services provider and one of India\u2019s leading online travel companies, today announced its unaudited financial and operating results for the three months ended June 30, 2026.<\/p>\n
\n\u201cThe first quarter of fiscal year 2027 was characterized by resilient demand and strong growth in Gross Bookings despite a challenging operating environment that pressured revenue and margins. Gross Bookings increased 16.3% year-over-year to INR 21,006.8 million (USD 221.9 million), reflecting continued momentum across our platform.<\/p>\n
\nThe conflict in the Middle East and related geopolitical uncertainty, continued to impact the travel environment during the quarter, particularly international travel. Elevated aviation fuel prices, higher airfares and airline capacity rationalization adversely affected travel demand and profitability. Domestic demand remained comparatively resilient.<\/p>\n
\nFor the three months ended June 30, 2026, revenue from operations was INR 1,879.0 million (USD 19.9 million), a decline of 10.4% year-over-year.<\/p>\n
\nOur Air Travel segment delivered Gross Bookings growth of approximately 17.6% year-over-year, supported by higher average ticket prices and continued expansion across our distribution channels. A change of mix in air volumes across lines of businesses, resulted in lower margins together with competitive market conditions and delays in certain airline incentive arrangements, contributed to lower Air take rates during the quarter.<\/p>\n
\nOur Hotels and Packages segment delivered Gross Bookings growth of approximately 12.9% year-over-year. Within the segment, standalone Hotels continued its strong performance, with Gross Bookings increasing approximately 34% and revenue approximately 66%. This reinforces our strategy of scaling Hotels as an important higher-margin component of our business.<\/p>\n
\nHotels and Packages performance was partially offset by weakness in MICE (Corporate Group Travel), where geopolitical uncertainty, particularly in the Middle East, contributed to higher travel costs, delayed corporate travel decisions and a shift in some incentive travel from international to domestic destinations, resulting in lower volumes and margins.<\/p>\n
\nProfitability was also affected by higher personnel and other operating expenses, including planned investments in strategic growth initiatives.<\/p>\n
\nCorporate Travel remains a key strategic growth pillar for Yatra. We continue to focus on expanding our corporate customer base, increasing wallet share and leveraging our technology platform to deliver a differentiated enterprise travel experience.<\/p>\n
\nWe are also expanding our addressable market through investments in initiatives like Travel Pro for the MSME segment, RECAP for expense management, new technology-led partnerships and strategic global partnerships.<\/p>\n
\nLooking ahead, while geopolitical and aviation-related uncertainties persist, we believe the structural drivers of travel market remain compelling. We remain focused on scaling our higher-margin Hotels business, strengthening profitability across our Air and Hotels and Packages segments, and leveraging technology, artificial intelligence and automation to improve customer experience and operating efficiency.<\/p>\n
\nOur objective remains disciplined, profitable growth and sustainable long-term value creation for all our stakeholders. I extend my sincere thanks to our dedicated team, trusted partners, customers and shareholders for their continued support.\u201d \u2014 Siddhartha Gupta, CEO.<\/p>\n
Financial and operating highlights<\/b> for the three months ended June 30, 2026:<\/b><\/p>\n\n
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