Earnings of Easy Trip Planners to grow, driven by sector growth, diversification into non-airline ticketing, foray into international geographies, and meaningful acquisitions
Investors should look at this stock for strong earnings traction in the next few years. (Image: Representative AFP)
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
– 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 improves Cost under control despite brand promotion, operating leverage should kick in Competition intensifying, company appears to be defending market share International foray and non-airline ticketing, the areas to watch out for Acquisitions done in the non-airline space Long-term visibility, buy for a profitable journey Easy Trip (CMP: Rs 52.05, Market Cap: Rs 9047 crore) is seeing a significant jump in gross booking revenue, stable market share and commission (take rates) despite heightened competitive intensity, and slow…
