Based on the strength of our corporate customer base, our industry-leading hotel supply, and our AI-enabled corporate travel technology, we remain confident of our medium-term growth CAGR of revenue-less service costs of 20% and adjusted EBITDA of 30%.

May 25, 2026 / CEO / receipt, needs a key / Siddharth Gupta, CEO | earnings call 2026-05-25 | transcript f9333bc6-f6f6-46cb-aaf5-2d4eeed508f2 | chars 6147-6399 | segment 6

Corporate travel demand in India continues to remain resilient, and we expect recovery momentum to strengthen meaningfully in the second half of the year, driven by revenge travel, just like we witnessed in the years following COVID.

May 25, 2026 / CEO / receipt, needs a key / Siddharth Gupta, CEO | earnings call 2026-05-25 | transcript f9333bc6-f6f6-46cb-aaf5-2d4eeed508f2 | chars 3392-3625 | segment 3