ixigo’s Stumble, Zing Pivots & More

ixigo Loses Steam

ixigo staggered in Q2 FY26. The online travel aggregator (OTA) slipped into the red during the quarter, despite healthy revenue growth, due to one-time ESOP expenses of INR 27 Cr and a broader lull in the travel segment. 

Here is a quick snapshot of ixigo’s Q2 FY26 numbers:

• It posted a loss of INR 3.5 Cr as afgainst a profit of INR 13.1 Cr in Q2 FY25
• Operating revenue rose 36% YoY to INR 282.7 Cr 
• Adjusted EBITDA, excluding ESOP expenses, improved 36% YoY to INR 28.5 Cr
• Total expenses surged 51% YoY to INR 290.4…