Yatra Online Reports 27 Percent Revenue Growth for Fiscal 2026

Yatra Online held its fiscal fourth quarter and full year 2026 earnings call on May 25, 2026. The call was hosted by co-founder Dhruv Sharan, CEO Siddharth Gupta, and CFO Anuj Sethi. Yatra Online reported revenue from operations of INR 10,074 million for fiscal 2026, a 27 percent increase from the prior year.

6 percent to INR 4,801 million, while adjusted EBITDA grew 64 percent to INR 564 million. The company added 163 new corporate customers during the year, representing an annual billable value of INR 9,568 million. This compares with 148 new customers and INR 7,475 million in annual billable value in fiscal 2025.

Sharan stated that fiscal 2026 was the most profitable year in the company's 20-year history. He noted that online penetration of corporate travel in India remains below 25 percent in the managed business travel segment. Sharan said the company achieved a customer retention rate of almost 97 percent. He added that air passenger volumes and hotel room nights exceeded industry growth rates.

Sharan stated that geopolitical disruptions affected MICE and international travel in the fourth quarter. Several Q4 bookings were cancelled or deferred into fiscal 2027. Sharan said the company expects recovery momentum to strengthen in the second half of the next fiscal year.

He cited government focus on domestic tourism and infrastructure improvements in rail, aviation, and highways as supportive factors. Sharan said Yatra has enhanced its API infrastructure and migrated to the Google Cloud platform to distribute hotel content.