E-Commerce/App based Aggregator · IXIGO
E-Commerce - Platform - Travel
from 199 today
Ixigo's 1QFY27 revenue rose 13% YoY to INR3.6b, while EBITDA margins were impacted by higher advertisement and branding expenses. We value the stock at 65x FY28E EPS to arrive at a TP of INR215 and change our rating to Neutral from BUY on the back of likely margin and profit pressure amid continued investments in new initiatives.
Le Travenues Technology (ixigo) reported above-expectations 1QFY27 GTV and revenue growth, while EBITDA margins missed due to calibrated reinvestments into the hotels business, AI-led tech investments, and marketing. We maintain our HOLD rating with a revised target price of INR 200.
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