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• Yatra Online reported a decline in quarterly profit and revenue during the March 2026 quarter amid geopolitical disruptions affecting international travel demand.
• The company stated that uncertainty linked to the West Asia conflict impacted MICE travel, leading to booking deferrals and cancellations.
• Despite short-term pressures, Yatra reported growth in gross bookings, corporate demand and operational performance across air travel and hotel businesses.
Yatra Online reported a 46% decline in consolidated net profit for the March 2026 quarter as geopolitical tensions and disruptions linked to the West Asia conflict affected international travel demand and corporate bookings. Advertisement
According to the company’s regulatory filing, consolidated net profit for the quarter stood at INR 8.20 crore compared to INR 15.21 crore during the corresponding period of the previous financial year. Revenue from operations also declined 13.68% year-on-year to INR 189.01 crore against INR 218.97 crore reported a year earlier.
The company stated that international travel demand, particularly within the Meetings, Incentives, Conferences and Exhibitions (MICE) segment, was impacted by geopolitical uncertainty during the quarter. Management indicated that several corporate bookings were either deferred or cancelled amid travel disruptions and global uncertainty.
Yatra Online, however, stated that its overall FY26 performance remained operationally strong despite macroeconomic and geopolitical pressures. Chief Executive Officer Siddhartha Gupta said the company delivered performance broadly in line with revised guidance, supported by 24.5% growth in Revenue Less Service Cost (RLSC) and 37.5% growth in adjusted EBITDA during the financial year.
According to the company, the air travel business recorded healthy Total Transaction Value (TTV) growth while maintaining margin discipline, with passenger growth continuing to outperform broader industry trends during both the quarter and the full financial year.
The Hotels and Packages segment also reported improved momentum led by growth in standalone hotel bookings and stronger monetisation. The company stated that margin expansion within the segment was supported by a better business mix and improved operating efficiency.
Despite temporary disruptions affecting international travel demand, Yatra reported continued growth in gross bookings and transaction volumes during the quarter. The company attributed this to market share gains, improving take rates and expansion of its corporate business pipeline.
Management further indicated that part of the deferred travel demand could return once geopolitical conditions stabilise and international travel activity normalises.
Source: PTI
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