EaseMyTrip shares end flat; Nishant Pitti takes over as CMD

EaseMyTrip on Friday announced Prashant Pitti has resigned from the position of Managing Director with immediate effect, and Founder Nishant Pitti has taken over as the company's CMD subject to shareholders' approval.

Earlier this year, Nishant Pitti had resigned as CEO on account of "personal reasons", with his brother and co-founder Rikant Pittie being appointed as the new CEO at the time.

In April, EaseMyTrip had denied any direct or indirect association with the Mahadev betting app or any other betting platform, a day after the Enforcement Directorate searched the premises of co-founder Nishant Pitti.

"Stepping into the role of Chairman cum Managing Director (CMD) gives me an opportunity to work even more closely with our people to unlock new opportunities, scale new heights, and continue building a travel-tech brand that India can be proud of," Nishant Pitti, Founder, Chairman cum Managing Director (CMD), EaseMyTrip, said.

Pitti emphasised that EaseMyTrip is now expanding beyond travel, evolving into a diversified ecosystem of businesses and services.

In a statement, the company reiterated Nishant Pitti's earlier commitment that no further promoter shares will be sold and that all promoters will continue to draw zero salary.

EaseMyTrip said Prashant Pitti has "concluded his tenure to focus on mentoring young startups, pursuing entrepreneurial ventures, and advancing public-good initiatives".

He will, however, continue to remain a promoter of EaseMyTrip.

EaseMyTrip: Latest developments

EaseMyTrip reported an over 81% rise in hotel and holiday package bookings in the June quarter, as travel picked up in the world's fastest-growing economy.

Hotel and holiday package bookings grew by 81.2% year-on-year (YoY), rising from 1.8 lakhs to 3.3 lakhs, the firm said in a statement.

The trains, buses, and other segments recorded a 41.4% year-on-year growth in Q1 FY26, with bookings increasing from 3.1 lakh to 4.3 lakh.

Dubai operations saw gross booking revenue surge 151% to ₹318.1 crore.

It had a gross booking revenue of ₹2,065.8 crore in the quarter and EBITDA of ₹6.9 crore on a revenue of ₹113.8 crore.

Flights make up 79.2% of gross booking revenue, and hotels and holiday packages account for 18.8%. The remaining 2.1% comes from trains, buses and other bookings.

When it comes to revenue from operations, flights contribute 50%, while hotels and holiday packages contribute 28.6%. The remaining 21.4% comes from trains, buses and other bookings.

Air ticketing remains steady at 24,230 flight segments booked daily. Non-air segments, such as hotels, packages, trains, buses and others, delivered strong double-digit growth.