While competition is increasing, the travel & tourism market is also growing, making Ease My Trip a long-term survivor
November 15, 2022 / 02:57 PM IST
EaseMyTrip (Image source: Shutterstock/File)
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Highlights Strong revenue performance Gross booking revenue grows well, take rate stable One-off marketing expenses impacted margins Competition intensifying, company appears to be defending market share International foray and non-airline ticketing, the next areas to watch out for Travel stocks globally have corrected on market volatility despite sector tailwinds Correction could be an opportunity to invest for the long term Ease My Trip (EMT, CMP: Rs 402, Market Cap: Rs 8,740 crore) has reported strong traction in gross booking revenue, reflecting the industry trend. However, one-off promotional…
