E-Commerce/App based Aggregator
E-Commerce - Platform - Travel
from 116 today
Yatra's performance was below expectations across parameters in 1QFY27, driven by elevated fares, the impact of the war, and cuts in corporate discretionary spending. However, we reiterate our BUY rating with a TP of INR135 as we believe performance will improve from 2HFY27 due to pent-up travel demand and recovery in the MICE segment.
Yatra's 1QFY27 performance was below expectations due to elevated fares, geopolitical impacts, and cuts in corporate discretionary spending. However, management expects performance to improve from 2HFY27 driven by pent-up travel demand, MICE segment recovery, and increasing contributions from hotels.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
