Mal Ramesh's questions to Yatra Online (YTRA) leadership • Q1 2026
Question
Mal Ramesh from Sudetsky questioned Yatra's 9% gross booking growth relative to the market's double-digit expansion, asking about market share dynamics in air versus hotels. He also inquired about the current business mix and potential cost savings from the corporate restructuring.
Answer
Co-Founder & CEO Dhruv Shringi explained that the blended growth rate was affected by a marginal decline in the consumer business due to macro events, while the corporate segment grew strongly. He confirmed the business mix remains roughly two-thirds corporate and one-third consumer. Shringi also noted the corporate restructuring is expected to yield significant savings, including about $5 million annually in tax savings in India.