Gurugram, India and New York August 12, 2026—
Yatra Online, Inc. (NASDAQ: YTRA) (the “Company”), India’s leading corporate travel services provider and one of India’s leading online travel companies, today announced its unaudited financial and operating results for the three months ended June 30, 2026.
“The 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.
The 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.
For 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.
Our 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.
Our 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.
Hotels 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.
Profitability was also affected by higher personnel and other operating expenses, including planned investments in strategic growth initiatives.
Corporate 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.
We 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.
Looking 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.
Our 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.” — Siddhartha Gupta, CEO.
Financial and operating highlights for the three months ended June 30, 2026:
- Revenue of INR 1,879.0 million (USD 19.9 million), representing a decrease of 10.4% year-over-year basis (“YoY”).
- Adjusted Margin (1) from Air Ticketing of INR 1,069.5 million (USD 11.3 million), representing an increase of 8.9% YoY.
- Adjusted Margin (1) from Hotels and Packages of INR 472.5 million (USD 5.0 million), representing an increase of 24.3% YoY.
- Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 21,006.8 million (USD 221.9 million), representing an increase of 16.3% YoY.
- Profit for the period was INR 40.9 million (USD 0.4 million) versus a profit of INR 109.9 million (USD 1.2 million) for the three months ended June 30, 2025, reflecting a decrease of INR 69.1 million (USD 0.7 million) YoY.
- Result from operations was a Profit of INR 55.9 million (USD 0.6 million) versus a profit of INR 104.4 million (USD 1.1 million) for the three months ended June 30, 2025, reflecting a decrease of INR 48.5 million (USD 0.5 million) YoY.
- Adjusted EBITDA(2) was INR 215.9 million (USD 2.3 million) reflecting an increase of 4.7% YoY.