EaseMyTrip’s consistent growth delivers Rs 20,756 Million in GBR

EaseMyTrip, has shown its financial results for Q2 FY25, marking another strong quarter. The company continues to solidify its position in the online travel agency (OTA) space with a well-rounded performance across various business segments and geographies. Here's an in-depth look at its financial achievements, strategic initiatives, and growing market footprint.  

Highlights:

For Q2 FY25, EaseMyTrip reported a Gross Booking Revenue (GBR) of Rs  20,756 million, with a 2.1 per cent year-over-year (YoY) increase in revenue from operations, which stood at Rs  1,447 million. The EBITDA margin was an impressive 28.2 per cent, amounting to Rs  423 million, while the profit after tax (PAT) reached Rs  259 million, yielding a PAT margin of 17.3 per cent.  

Key growth

1. Hotel Segment: GBR from hotel nights surged 178.4 per cent YoY to Rs  2,414 million, driven by a 75.3 per cent increase in hotel night bookings to 2.2 lakh.  

2. Other Bookings: The trains, buses, and others segment grew by 19.4 per cent YoY, contributing Rs  407 million in GBR.  

3. International Operations: Dubai operations emerged as a standout performer with a 371.3 per cent YoY growth in GBR, amounting to Rs  1,725 million.  

Expansion and Diversification  
EaseMyTrip’s success in Q2 FY25 was underpinned by a diversification strategy that emphasises innovation and international expansion.  
In a move towards sustainability, EaseMyTrip launched a subsidiary, Easy Green Mobility, to manufacture electric buses. With a target to produce 2,000 electric buses by 2027-28, this initiative positions the company to capitalize on India’s burgeoning electric vehicle market, expected to grow at a CAGR of 24 per cent through 2030.  
EaseMyTrip debuted ScanMyTrip.com, India’s first travel marketplace integrated with the Open Network for Digital Commerce (ONDC). This initiative democratizes digital access for smaller travel agencies, making it easier for micro, small, and medium enterprises (MSMEs) to compete on a national stage.  

Partnerships and Alliances  
1. PhonePe Collaboration: A strategic partnership with PhonePe allows EaseMyTrip to leverage its network of 560+ million registered users. Initially focusing on hotel bookings, the collaboration aims to expand into activities and cab bookings.  

2. Bank of Baroda Co-branded Travel Card: A co-branded travel debit card launched in partnership with Bank of Baroda provides exclusive benefits for travelers, reinforcing EaseMyTrip’s lifestyle offerings.  

In collaboration with the Uttar Pradesh EcoTourism Development Board, EaseMyTrip has undertaken eco-tourism projects to promote homestays, tiger reserves, and bird sanctuaries in the state. This aligns with the company’s goals of sustainable tourism and cultural preservation.  

Marketing and Branding  

EaseMyTrip’s branding efforts received a boost with the appointment of Bollywood actress Jacqueline Fernandez as a brand ambassador. Her influence is expected to enhance the platform’s reach among her extensive fanbase. The company’s marketing also extended to high-profile partnerships, such as its role as the official travel partner for the IIFA Festival 2024, providing curated holiday packages for attendees.  

Commenting the results, Nishant Pitti, Co-founder and CEO of EaseMyTrip, said, “Our Q2 FY25 results reflect sustained growth across diversified segments. Gross Booking Revenue reached Rs 20,756 million, with Revenue from Operations up 2.1 per cent year-over-year to Rs  1,447 million.”

"The non-air business segments have been key drivers of growth this quarter, demonstrating our successful diversification strategy. The Hotels segment recorded exceptional performance with a GBR of Rs  2,414 million, marking a remarkable 178.4 per cent year-on-year growth. This was fuelled by a strong 75 per cent increase in hotel night bookings to 2.2 lakh, reflecting heightened demand and effective market penetration. In this quarter too, the company achieved strong cash flows from operations which stood at 58 crore. Meanwhile, our Trains, Buses & Others segment saw steady traction, with a GBR of Rs 407 million—a 19.4 per cent year-over-year increase—indicating the growing appeal of our comprehensive travel offerings beyond air travel.

Our Dubai operations have also contributed significantly, achieving a GBR of Rs 1,725 million, a robust 371.3 per cent growth year-over-year. This substantial international growth underscores our strategic commitment to expanding our footprint in high-potential markets. Together, these achievements highlight EaseMyTrip’s focus on driving long-term, profitable growth by tapping into diversified and international segments to deliver enduring value to our stakeholders.