Easy Trip Planners IPO - Valuations And View: Motilal Oswal
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Motilal Oswal Report
Easy Trip Planners Ltd. is the second largest online travel agency (OTA) in India in terms of booking volume (nine-months FY21) and third largest in terms of gross booking revenues (GBR; FY20).
It is the only profitable OTA in India over last three years, in terms of net profit margin.
The company has built a strong customer connect by providing them with the option of no-convenience fee, while avoiding any hidden cost in the final price along with differentiated customer approach.
This is well reflected in its growing customer base (28% compound annual growth rate over FY18-20), repeat transaction rate of 86% and increase in mobile traffic from 65% in FY18 to 81% in FY20.
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