EaseMyTrip Revenue Rises 18% as Q1 Loss Widens

EaseMyTrip reported an 18.5 per cent year-on-year increase in operating revenue to ₹134.7 crore in the first quarter of FY27, but higher expenses pushed the online travel company into a ₹11.7 crore net loss.

Operating revenue rose from ₹113.7 crore in Q1 FY26, according to EaseMyTrip’s consolidated financial statements filed with the National Stock Exchange. The company had reported a ₹44 lakh profit in the year-ago quarter.

The latest quarter showed a sharp change in profitability despite higher revenue. EaseMyTrip’s loss was also lower than the ₹15.4 crore loss reported in the March quarter, according to Inc42, indicating some sequential improvement even though the company remained in the red.

Hotels and holiday packages were the strongest contributor to operating revenue. Revenue from the segment more than doubled to ₹67.6 crore from ₹32.5 crore a year earlier, while hotel room-night bookings increased 95.4 per cent to 6.47 lakh.

Air ticketing moved in the opposite direction. Revenue from the segment declined 4 per cent year-on-year to ₹54.7 crore, extending pressure on a business that has traditionally been a major part of EaseMyTrip’s operations.

The company’s total income, including other services and non-operating income, increased to ₹141.2 crore from ₹119.6 crore in Q1 FY26. The increase was not enough to offset the faster rise in expenses during the quarter.

Total expenses increased 30 per cent year-on-year to ₹152.6 crore. Service costs more than doubled to ₹39.2 crore, while employee benefit expenses stood at ₹32.75 crore.

Advertising and sales-promotion expenses rose to ₹18.5 crore during the quarter, while payment gateway charges reached ₹16.4 crore. The combination of higher operating costs and slower revenue growth put pressure on margins.

The latest results continue a broader shift in EaseMyTrip’s business mix towards non-air travel services. In the previous financial year, the company had already reported strong growth in hotels and holiday packages, while its international operations also expanded. EaseMyTrip’s FY26 investor presentation said hotel and holiday packages had grown 81.2 per cent year-on-year in Q1 FY26.

The company has also been pursuing diversification beyond traditional flight bookings. Its business includes hotels, holiday packages and other travel services, while the company has previously outlined plans under its EaseMyTrip 2.0 strategy to expand into adjacent travel and consumer categories.

For investors, the latest numbers present a mixed picture. Revenue growth remained positive and hotel bookings expanded sharply, but the increase in expenses was considerably faster than revenue growth, resulting in a return to net losses.

EaseMyTrip shares closed at ₹6.43 on Friday, according to the company's reported market data, giving it a market capitalisation of about ₹2,562 crore. The stock's market performance will now be watched alongside the company's efforts to improve profitability.

The company’s next challenge is to convert the strong growth in hotels and packages into higher overall margins while managing costs across marketing, technology, payments and service operations.