ixigo's Q1FY26: 55% GTV Surge, Driven by Flights, Bus Growth & AI Innovations
ixigo, the online travel agency, has reported a robust start to the fiscal year 2026. The company's Gross Transaction Value (GTV) surged 55% to Rs 4,644.7 crore in Q1, with flights and bus segments driving growth. Revenue from operations soared 73% year-on-year to Rs 314.5 crore, while profit before tax climbed 76% to Rs 28.7 crore.
ixigo's success can be attributed to several factors. Solo women travelers emerged as a significant segment, with train bookings up 123% and accounting for 27% of solo bus bookings. Gen Z users, aged 18 to 30, also contributed significantly to growth, with train bookings up 45% and bus bookings up 56%.
The company expanded its offerings with new AI-enabled features, including an upgraded Price Lock tool, Visa Rejection Protection, and ixigo Credit, providing no-cost EMIs and 'book now, pay later' options. ixigo serves over 10,000 meals daily via Zoop and has expanded AbhiBus globally through a partnership with CheckMyBus. The company's contribution margin rose 48% to Rs 128.1 crore, and EBITDA increased 69% year-on-year to Rs 32.5 crore. Aloke Bajpai, CEO of Le Travenues Technology Limited, attributed the strong performance to the growth in flights and bus segments, which grew 81% year-on-year.
ixigo's impressive Q1FY26 results reflect the company's ability to adapt and innovate in the travel industry. With a focus on AI and personalisation, and a strong performance driven by solo women travelers and Gen Z users, ixigo is well-positioned for continued growth.
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