The first quarter of FY26 has been an exceptional one for Ixigo, the popular tech travel platform. Reporting a 28% year-on-year rise in net profit to ₹19 crore, the company has clearly demonstrated its growing dominance in the travel tech space. Revenue from operations surged by 73%, reaching ₹314 crore. This strong financial performance is largely attributed to impressive growth across its train, bus, and flight ticket bookings, which continues to benefit from increasing customer demand and a tech-first approach.
In fact, Ixigo’s gross transaction value (GTV) saw an impressive 55% growth, reaching ₹4,644.6 crore. The company’s strategy of combining customer-centric service with artificial intelligence (AI) and an innovative approach to booking services has clearly paid off, positioning it as a leading player in the Indian travel market.
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How Ixigo Achieved Growth: Revenue Breakdown
Let’s dive deeper into how Ixigo’s growth unfolded during Q1 FY26, with key metrics for each vertical.
| Category | Revenue Contribution (Q1 FY26) | YoY Growth |
| Train Bookings | 41.3% of revenue | +74% |
| Bus Bookings | 24.4% of revenue | +26% |
| Flight Bookings | 32.8% of revenue | +81% |
As seen in the table, train bookings continue to be the largest contributor to Ixigo’s revenue, with a 74% increase in passenger numbers. On the other hand, the company’s flight bookings segment has shown an 81% rise in GTV, demonstrating the growing appetite for air travel. The bus booking segment, powered by AbhiBus, has also seen substantial growth, contributing to the overall surge in revenue.
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The Gen Z and Solo Women Traveller Phenomenon
One of the standout stories in Ixigo’s Q1 results is the significant rise in travel bookings from Gen Z travellers (aged 18–30). This segment saw a 45% rise in train bookings and a 56% increase in bus bookings, making them a key driver of the company’s overall growth. Cities like Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune have emerged as hotspots for this age group.
Additionally, solo women travellers are increasingly making their mark. Train bookings by solo women have jumped 123%, while 27% of solo bus bookings were made by women. This shift highlights a broader trend of empowered and independent travel choices, as more women opt for solo travel, especially in the wake of increasing safety and convenience in travel.
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Ixigo and the Power of Artificial Intelligence
At the heart of Ixigo’s growth is its integration of AI. The company’s AI-driven assistant, TARA, now handles over 60% of voice calls across flights and hotels, reducing the need for human intervention. This is a significant leap toward automation and efficiency, allowing the company to scale its customer service operations while keeping costs low.
In addition, AI-powered personalisation and cross-selling strategies are playing a crucial role in deepening customer engagement. Ixigo is not just enhancing user experience with smarter recommendations but also offering products like travel insurance, visa rejection protection, and meal deliveries through its partnerships with Zoop.
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Ixigo Share Price Hits an All-time High
Following the release of the strong Q1 FY26 results, shares of Le Travenues Technology, Ixigo’s parent company, surged by 15.2%, hitting a 52-week high of ₹200 on the BSE. This reflects the market’s positive sentiment towards the company’s performance and future growth prospects.
In addition, Ixigo’s EBITDA rose by 69% YoY, reaching ₹32.5 crore, and its adjusted EBITDA grew by 54%, highlighting its solid financial health and operational efficiency. The company’s ability to scale and generate value for its stakeholders has clearly been reflected in its stock market performance.
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Ixigo’s Strategy: A Customer-first, Tech-driven model
Ixigo’s business model relies on three main pillars: Confirmtkt for trains, AbhiBus for buses, and its flagship Ixigo app for flights. By leveraging a captive user base and effectively cross-selling services across these platforms, the company has deepened its customer relationships and increased monetisation opportunities.
This model has been instrumental in driving profitability across its various segments, with all three verticals—trains, buses, and flights—turning profitable in Q1 FY26. Train bookings’ operating revenue grew by 20%, while flight revenues more than doubled, increasing by 103.2 crore.
Conclusion
Ixigo’s Q1 FY26 results have laid a strong foundation for sustained growth. With an increasing number of Gen Z travellers, a surge in solo women travellers, and the growing adoption of AI-driven solutions, the company is well-positioned to continue disrupting the travel-tech industry. Additionally, the performance of its share price reflects investor confidence, as the company moves towards further expansion in the highly competitive travel industry.
Ixigo’s growth story is one of innovation, customer-focus, and tech-led disruption, making it one to watch in the coming quarters.
