Yatra Online, Inc. · NASDAQ:YTRA
Yatra Online — Q2 FY26 Earnings Presentation
22 slides from Yatra Online's earnings presentation, Nov 12, 2025
Slide 1: Yatra Online, Inc. Earnings Presentation Q2/H1-FY26
Yatra Online, Inc. Earnings Presentation Q2/H1-FY26
Slide 2: Disclaimer
Disclaimer This presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of any offer to buy, or a recommendation to purchase any securities of or any of its affiliates (as such term is defined under the U.S. federal securities laws). The presentation
Slide 3: Company Overview
Company Overview • Established in 2006, Yatra has a strong track record of building a scalable and sustainable travel Revenue & Revenue Less Service Cost (Gross Margin) business. (INR Mn) • The company follows a multi-channel approach with a go-to-market strategy that spans the entire travel and hos
Slide 4: Business Segments
Business Segments Corporate Business Consumer Business Yatra is India’s leading B2B Corporate platform Yatra is one of the most well recognized travel by total spend and number of customers brands in India, having won numerous awards >1,300 ~97% ~15.6M ~59% Large & Medium Corporate (1) (2) Customer
Slide 5: India- Total Travel Market & Online Penetration
India- Total Travel Market & Online Penetration The corporate travel market has significant headroom for India Total Corporate Travel Market($Bn) & Online Penetration FY24-FY27 increased online penetration. *Data based on Videc report
Slide 6: Multiple Levers to Deliver Sustainable Growth
Multiple Levers to Deliver Sustainable Growth Levers to Deliver Sustainable Growth 1 2 3 4 Sticky Corporate Business Strong Brand Recall Ability to Cross-sell to Large Industry Leading Supply of Domestic ▪ Market leader in large corporate travel ▪ Benefitting from India’s Corporate Base Hotels manag
Slide 7: Financial Overview Q2/H1-FY26
Financial Overview Q2/H1-FY26
Slide 8: Q2-FY26 Financial Performance
Q2-FY26 Financial Performance Gross Margins Gross Bookings Revenue from (Revenue less Adjusted EBITDA Adjusted Revenue Operations Service Cost) INR 20,505 Mn INR 3,509 Mn INR 1,257 Mn INR 212 Mn INR 1,763 Mn +16% YoY +48% YoY +34% YoY +216% YoY +17% YoY Total Transactions Adj EBITDA (‘000) Air Pax C
Slide 9: H1-FY26 Financial Performance
H1-FY26 Financial Performance Gross Margins Gross Bookings Revenue from (Revenue less Adjusted EBITDA Adjusted Revenue Operations Service Cost) INR 38,563 Mn INR 5,607 Mn INR 2,413 Mn INR 418 Mn INR 3,338 Mn +13% YoY +64% YoY +37% YoY +214% YoY +20% YoY Total Transactions Adj EBITDA (‘000) Air Pax C
Slide 10: Quarterly Operational Performance
Quarterly Operational Performance Revenue (INR Mn) Gross Margins (Revenue Less Service Cost) (INR Mn) YoY 48% YoY 34% QoQ 67% QoQ 9% Adj EBITDA (INR Mn) Profit (INR Mn) QoQ YoY 216% (10)% QoQ 3% Investor Presentation 1
Slide 11: Quarterly Operational Performance – Air
Quarterly Operational Performance – Air Air Passenger Volumes (‘000) Gross Air Bookings (INR Mn) YoY (3)% YoY 12% QoQ 10% QoQ 5% Air - Gross Margins (Revenue Less Service Cost) (INR Mn) Air - Gross Margins (%) YoY 36% QoQ (10)% Investor Presentation 11
Slide 12: Quarterly Operational Performance – H&P
Quarterly Operational Performance – H&P Gross H&P Bookings (INR Mn) Hotel Room Nights (‘000) YoY 5% YoY 40% QoQ 19% QoQ 50% H&P - Gross Margins (%) H&P - Gross Margins (Revenue Less Service Cost) (INR Mn) YoY 52% QoQ 47% Investor Presentation 12
Slide 13: Annual Key Performance Metrics
Annual Key Performance Metrics Gross Margins (Revenue Less Service Cost) (INR Gross Bookings (INR Mn) Air Passenger Volumes (‘000) Hotel Room Nights (‘000) Mn) & Gross Margins (%) Air - Gross Margins (Revenue Less Service Cost) H&P - Gross Margins (Revenue Less Service Cost) (INR Gross Air Bookings
Slide 14: Consolidated Historical Financial Performance
Consolidated Historical Financial Performance Adjusted EBITDA (INR Mn) Profit (INR Mn) Investor Presentation 14
Slide 15: Q2/H1-FY26 Operational Highlights
Q2/H1-FY26 Operational Highlights • Revenue from operations grew by 48% YoY to INR 3,509 million in Q2 FY’26, with continued momentum across key segments, including growth in Hotels and Packages business and contribution from the MICE segment. • Revenue less Service Costs (RLSC) (Gross Margin) grew
Slide 16: Tech Updates
Tech Updates DIYA AI New UI design for Hotels Best Price Guarantee • Transparent per-room, per-night pricing • Customers have access to the best • Seamless flight and hotel search booking model • Generative AI-powered travel assistant built to hotel rates on Yatra. • Upfront display of taxes and fee
Slide 17: Sales and Marketing Updates
Sales and Marketing Updates Yatra 19th Anniversary Campaign | Big Outing Fest Yatra celebrated its 19th Anniversary with a high decibel sales event amplified across Digital, Social, Outdoor & Print
Slide 18: Sales and Marketing Updates
Sales and Marketing Updates Strengthening the Corporate Travel Brand on Linkedin
Slide 19: Sales and Marketing Updates
Sales and Marketing Updates Content Marketing for Brand Reach & Engagement Always-On Offer Awareness on Owned Media & Social Channels
Slide 20: Scheme of Amalgamation
Scheme of Amalgamation • On August 12, 2024, the Board of Directors of Yatra Online Limited (“Yatra India”), approved a Composite Scheme of Amalgamation (“Scheme”) involving Yatra India (the “Amalgamated Company”) and its five wholly-owned subsidiaries i.e. Travel.Co.In Private Limited, Yatra For Bu
Slide 21: Glossary
Glossary Term Description Term Description Gross booking revenue is defined as the total amount paid by customers for travel B2B Business to Business Gross Booking services and products booked through the OTAs including taxes, fees and other Revenue charges, and is net of cancellations, discounts an
Slide 22: Thank You
Thank You