CONNECT WITH US
Funding Tracker

Funding Tracker

Cleartrip’s losses widen to Rs 805 Cr in FY26; spends Rs 897 Cr on discount and cashbacks

Entrackr logo

Published on

Add as a preferred source on Google
Cleartrip’s losses widen to Rs 805 Cr in FY26; spends Rs 897 Cr on discount and cashbacks

Flipkart-owned Cleartrip’s losses widened 28% year-on-year to Rs 805 crore in FY26, as the travel platform continued to spend heavily on cashbacks and discounts, which rose 47.6% to Rs 897.5 crore in the fiscal year.

Following 70% growth in FY25, Cleartrip’s net operating revenue growth slowed to 20.8% in FY26, reaching Rs 198.3 crore compared with Rs 164.1 crore in the previous fiscal year, according to its annual filings with the Registrar of Companies (RoC).

Founded in 2006, Cleartrip operates an online travel booking platform that allows users to book flights, hotels, buses and holiday packages. It earns revenue through service charges, commissions and incentives from travel partners, while offering cashbacks and discounts to attract customers.

The company’s revenue includes service charges, commissions and incentives, adjusted for cashbacks and discounts offered to customers. Service charges grew 37.5% to Rs 702.2 crore in FY26, while commission and incentives rose 52.3% to Rs 378.4 crore.

However, cashbacks and discounts increased 47.6% year-on-year to Rs 897.5 crore from Rs 608.2 crore in FY25. This continued to weigh on net revenue, which stood at Rs 198.3 crore after accounting for these customer incentives and other operating income. 

The firm also earned Rs 58 crore from other operating and non-operating sources, which took its overall income to Rs 241.2 crore during the last fiscal year.

Looking at Cleartrip’s major expenses in FY26. 8% year-on-year to Rs 258 crore. This includes Rs 68 crore in ESOP expenses. Excluding ESOPs, its employee benefit expenses stood at Rs 190 crore.


Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.