Skip to content
Sign In Subscribe
Datum Charts

Ixigo Sustains Over ₹43 Bn in Quarterly GTV as Growth Normalizes Post-FY25 Surge

Ixigo’s GTV rose to ₹43,475 Mn in Q2 FY26, up over 2× since FY23. After a 65% surge in FY25, growth has moderated to 23% YoY, marking a healthy normalization at scale as Ixigo deepens engagement and drives higher transaction value per user.

,   and  Datum Intelligence
1 min read

Table of Contents

Ixigo’s gross transaction value has more than doubled over the past eight quarters - from ₹19,899 Mn in Q4 FY23 to ₹43,475 Mn in Q2 FY26. The company recorded its strongest expansion through FY25, peaking at ₹44,184 Mn in Q4 FY25, supported by robust travel recovery, higher ticketing volumes, and increased penetration in Tier-2/3 markets.

What It Means

While growth moderated to 23% YoY in Q2 FY26, the deceleration follows an extraordinary 65% YoY surge in FY25, reflecting a normalization from a high base rather than a slowdown. The sustained high GTV levels highlight:

  • Strong repeat usage and brand loyalty post-IPO.
  • Shift toward higher-value transactions, including flights and intercity travel.
  • Operational efficiency driven by improved conversion and monetization rates.

Ixigo’s stabilization phase signals maturing unit economics - focusing on profitability and ecosystem expansion beyond volume growth.

Related

Latest