EaseMyTrip has reported a weak performance for the second quarter of FY26, marking a significant drop in revenue and a shift from profit to loss. The company’s operating revenue for the July–September period fell sharply to Rs 118 crore from Rs 145 crore in the same quarter last year, reflecting an 18% decline. Financial filings also show that total income, including undisclosed earnings, moderated to Rs 126 crore compared to Rs 150 crore in Q2 FY25.
The decline in air ticketing—EaseMyTrip’s largest segment—was a major contributor to the overall slowdown. Revenue from this business fell 22% to Rs 72 crore, down from Rs 92.5 crore last year. Hotel and package bookings generated Rs 32 crore, accounting for 27% of the company’s income in the quarter.
The company’s half-yearly revenue for H1 FY26 stood at Rs 232 crore, representing a 22% drop from Rs 297 crore in the first half of FY25. The weaker demand environment and higher operational burden continued to limit the company’s financial performance.
Revenue Pressure Rises
Expenses for EaseMyTrip increased even as revenue contracted, adding further pressure to margins. Total spending rose 6% year-on-year to Rs 120 crore in Q2 FY26. Employee benefits formed the largest cost head after service expenses and payment gateway charges, rising 24% to Rs 31 crore. Marketing and advertising expenses also remained substantial.
With rising costs and falling revenue, the company recorded a net loss of Rs 36 crore during the quarter. This marked a major shift from the Rs 27 crore profit posted in Q2 FY25. The company’s unit economics reflected the challenging environment, with EaseMyTrip spending Rs 1.02 for every rupee it earned through operating revenue.
EaseMyTrip also announced leadership changes during the quarter. Sankalp Kaul has been appointed as the new Chief Technology Officer, replacing Naimish Sinha, while Manmeet Ahluwalia has taken over as the Chief Marketing Officer.
Leadership Changes Noted
Alongside financial updates, the company disclosed regulatory approvals for a new issue of equity shares. The board approved the issuance of 55.93 crore fully paid-up equity shares worth Rs 514.06 crore on a preferential basis. These shares are to be allotted to seven non-promoter investors, including Ashish Begwani, Sunil Jain, Dhankalash Distributors, Divyank Singhal, Levo Beauty, SSL Nirvana Grand Golf Developers and Javaphile Hospitality.
EaseMyTrip’s stock was trading at Rs 7.97 on the National Stock Exchange at 11:12 AM on the day of the filing. The company’s total market capitalisation is currently estimated at Rs 2,898 crore, or roughly USD 325 million.
EaseMyTrip Company
EaseMyTrip is one of India’s prominent online travel aggregators, known for offering flight tickets, hotel stays, holiday packages and other travel-related services. Founded in Delhi, the platform has built a presence across both domestic and international travel markets, serving millions of users through its website and mobile app. Over the years, the company has expanded through partnerships and an asset-light model, focusing on competitive pricing and customer retention.
Despite current financial headwinds, the platform continues to invest in technology upgrades, user experience improvements and wider travel offerings to maintain its position in India’s competitive travel ecosystem.
