Ixigo Q1 performance
Ixigo reported a 73% year-on-year (YoY) jump in revenue from operations to Rs 314.5 crore for the June quarter. Net profit rose 27% YoY to Rs 19 crore, while gross transaction value (GTV) climbed 55% to Rs 4,644.7 crore, led by an 81% growth in flight and bus segments and a 30% increase in train GTV.
EBITDA for the quarter rose 69% YoY to Rs 32.5 crore, while adjusted EBITDA (which includes ESOP expenses and excludes other income) stood at Rs 31.4 crore, marking a 54% rise from Rs 20.3 crore in the same quarter last year.
Rajnish Kumar, group co-CEO, ixigo and Aloke Bajpai, group CEO, ixigo said the company continues to see rapid growth and has hit new ‘all-time highs.’ They said the growth in categories such as buses and flights stems from a customer-centric approach, ability to cross-sell and up-sell to the captive user-base, AI-driven efficiencies and enhanced brand awareness.
Saurabh Devendra Singh, group CFO, Ixigo, said quarter one of financial year 2026 is another strong quarter, with ‘record’ revenue and profits across all key verticals.
“The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth,” he added.
The company said it crossed 10,000 daily meal deliveries with Zoop, with over 20 lakh meals served across 200+ stations since October 2024.
ixigo’s bus business, AbhiBus partnered with global travel platform CheckMyBus to expand the reach of its bus inventory to international travellers.
The company said its bus and train segments continue to gain traction, particularly in the bus and train segments. In quarter one of the financial year 2026, train bookings by Gen Z travellers (aged 18-30) on ixigo rose 45% year on year, with Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune emerging as the fastest-growing markets. Bus bookings from this cohort saw even sharper growth, rising 56% year on year, led by Indore, Lucknow, and Nagpur.
Train bookings by solo female travellers grew by 123% year on year for the company. ixigo said it is deepening its investment in agentic AI and automation to drive scalable, ‘customer-first innovation’.
The company said key AI led initiatives for the quarter under review include voice-led customer support, enhanced AI-based personalisation, and expanding bundled offerings like travel insurance and visa rejection protection. The company said its quarter one flash sales for flights and hotels were driven by AI-led videos and creatives, reducing production costs to just 0.1% of traditional budgets.
Ixigo share price target
According to Trendlyne, the average target price for Ixigo is Rs 207, indicating a potential upside of nearly 1% from current levels. Of the 3 analysts tracking the stock, the consensus rating is ‘Strong Buy’.
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