Ixigo posts record profit as revenue growth accelerates in Q2

Ixigo's strong quarterly performance underscores the buoyancy in India's online travel and tourism sector, with the company capitalizing on sustained consumer demand for digital booking services. The record profitability was achieved through a combination of operational efficiency and strategic asset optimization, including the partial stake sale in Freshbus, its bus aggregation platform.

Revenue growth of 13 per cent year-on-year reflects the company's ability to maintain momentum across its core flight, hotel, and bus booking segments despite a competitive marketplace. The expansion in net profit outpaced revenue growth, indicating improved operational leverage and better cost management across the organization.

The financial results position Ixigo favorably within India's travel technology ecosystem, as the sector continues to benefit from rising disposable incomes, increased internet penetration, and a growing middle-class consumer base seeking convenient online travel solutions. The company's performance metrics suggest healthy unit economics and sustainable business fundamentals.

Ixigo's results come as India's travel and tourism industry witnesses significant recovery and growth following pandemic-related disruptions, with both domestic and international travel bookings gaining traction throughout the fiscal year.