EaseMyTrip shares rally 7% to hit 52-week high as firm expands footprint in Latin America

“In addition to its online presence in the Latin American market, this move reinforces the company’s long-term expansion strategy in one of the region’s most significant and rapidly evolving travel markets,” the company said in a regulatory filing.

The travel firm has signed MoUs with various corporates like AGK Corretora de Câmbio, Neo Sector, AMVALE—Associação dos Municípios do Vale do Rio Grande, DATAGRO, X3—Brazil and Lummio Technologia. “These partnerships are aimed at exploring opportunities within Brazil’s growing corporate travel ecosystem,” it added.

In addition to its online presence in the Latin American market, the move is in line with the company's long-term expansion strategy in one of the region's most significant and rapidly evolving travel markets.

With these partnerships, EaseMyTrip aims to broaden its engagement within Brazil’s business ecosystem and tap into emerging opportunities in the corporate travel space. The company further stated that it will work closely with its partners to better understand local market dynamics and support the travel requirements of organisations through its technology-driven platform.

The travel company said it remains focused on expanding its international footprint through strategic partnerships and market-focused collaborations. EaseMyTrip added that in Brazil, it aims to deepen engagement with corporates, enhance brand visibility, and tap emerging opportunities in the Latin American travel market.

Commenting on the development, Vikash Goyal, Chief Strategy Officer, EaseMyTrip, said, 'Brazil holds strategic importance in our international growth roadmap. It is a market defined by scale, strong travel fundamentals, and increasing digital adoption. Through these corporate partnerships, we aim to engage closely with organisations in Brazil and support their travel needs through our platform while gradually expanding our presence in the market.”

Easy Trip Planners share price

At 2:30 PM, shares of the firm were trading at ₹7.99 apiece on the National Stock Exchange, gaining 4.17%.

Over the last month, the penny stocks have rallied 16%, while they have advanced 2% in the last six months. From the beginning of the year, Easy Trip Planners' shares have jumped 8.5%.

The company has a total market capitalisation of ₹2,905.85 crore, according to NSE data.

About the firm

EaseMyTrip is one of India’s largest online travel-tech platforms in terms of air ticket bookings, as per the Crisil Report–Assessment of the OTA Industry in India (Feb 2021). Bootstrapped and profitable since its inception, the company is one of the leading online travel-tech platforms in India, delivering consistent profitability and industry-leading EBITDA margins.