EaseMyTrip FY26: Dubai and Hotels Grow, Margins Compress

FY26 consolidated revenue from operations was INR 536 crore and FY26 gross booking revenue was INR 8,376 crore, as per the investor presentation.

Dubai operations gross booking revenue was INR 1,531 crore in FY26, up 118% year-on-year. Q4 FY26 Dubai gross booking revenue was INR 453 crore, up about 96% year-on-year.

For gross booking revenue: Flights 73.0%, Hotels and holiday packages 26.1%, Trains, buses and others 0.9%. For revenue from operations: Flights 52.7%, Hotels and holiday packages 38.0%, Trains, buses and others 9.3%.

Hotel and holiday package room nights were 17.7 lakh in FY26, up 89% year-on-year. In Q4 FY26, room nights were 5.5 lakh, up 95% year-on-year.

FY26 EBITDA was INR 22.86 crore with an EBITDA margin of 4.0%, versus INR 161.22 crore and 26.7% in FY25. Profit for the year in FY26 was INR -47.60 crore.

The presentation states an INR 200 crore investment over 2 to 3 years for R&D and setting up an EV bus manufacturing plant under Easy Green Mobility, and a target to operate 2000+ electric buses by FY2028 through YoloBus.