B2B Travel portal, Travel Boutique Online (TBO) showcased a decent spike in the PAT as it crossed the Rs.200Cr mark in FY24. The Year-on-year growth demonstrated a 38% surge as the operational revenue generated in FY23 was Rs.1,065Cr which increased to Rs.1,393Cr in FY24.
Founded in 2007 by Ankush Nijhawan, the B2B-modeled firm is an online travel portal that enables travel buyers and suppliers to come together and seamlessly create joyful experiences for travelers around the globe.
Revenue generated from commissions on hotels and packages contributed a significant 72.8% of the total operating revenue which increased by 40.4% to Rs.1,014Cr in FY24. Commission from air ticketing added Rs.347Cr to the operating income.
TBO extends white-label solutions to travel agents and tour operators. The firm’s overall expenses rose to Rs.1,181Cr in FY24 according to TheKredible. The cost of providing services for hostels, air ticketing, and holiday packages accounted for 40% of the overall expenditure.
Travel Boutique Online’s expenditure on legal, advertising, professional, and other overheads along with the spending on employee benefits surges the firm’s expenditure by 29.2% to Rs.1,181 Cr from Rs. 404.4 Cr in FY23.
However, the startup’s efficient management in cost-cutting improved the profits by 35.8% to Rs.201Cr in FY24 from Rs.148Cr in FY2. Its EBITDA and ROCE margins were recorded at 19.9% and 31% respectively. On a unit level, it spent Rs.0.85 to earn a rupee.
