Analysts/Institutional Investor Meet/Con. Call Updates

CIN NO: L63040DL2005PLC463461 August 19, 2026 Listing Manager, Manager - CRD National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400051, India Mumbai – 400001, India Symbol: YATRA Scrip Code: 543992 ISIN No.: INE0JR601024 ISIN No.: INE0JR601024 Sub: Intimation – Transcript of Earnings Conference Call for the quarter ended June 30, 2026. Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the transcript of earnings conference call for the quarter ended June 30, 2026. The above information will also be made available on the website of the Company at www.yatra.com. This is for your information and records. Thanking You, Yours sincerely, For Yatra Online Limited Jyoti Chawla Company Secretary and Compliance Officer M. No.: A20392 Encl.: As above “Yatra Online Limited Q1 FY27 Earning Conference Call” August 13, 2026 MANAGEMENT: MR. DHRUV SHRINGI – EXECUTIVE CHAIRPERSON AND WHOLE-TIME DIRECTOR – YATRA ONLINE LIMITED MR. SIDDHARTHA GUPTA – CHIEF EXECUTIVE OFFICER – YATRA ONLINE LIMITED MR. ANUJ SETHI – CHIEF FINANCIAL OFFICER – YATRA ONLINE LIMITED MODERATOR: MS. SAGARIKA CHETTY – ANTIQUE STOCK BROKING LIMITED Page 1 of 18 Yatra Online Limited August 13, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Yatra Online Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note, that this conference is being recorded. I now hand the conference over to Ms. Sagarika Chetty from Antique Stock Broking Limited. Thank you, and over to you, ma'am. Sagarika Chetty: Hi. Thank you. Good morning, everyone. On behalf of Antique Stock Broking, we welcome you all to the Q1 FY27 Earnings Call for Yatra Online Limited. Today, we have with us the management of the company represented by Mr. Dhruv Shringi, Executive Chairperson and Whole-Time Director; CEO, Mr. Siddhartha Gupta and Chief Financial Officer, Anuj Sethi. Thank you all for joining. Over to you, Dhruv, Siddhartha and Anuj sir. Dhruv Shringi: Thank you, Sagarika, and good morning, everyone. Thank you for joining us on this conference call to discuss our first quarter fiscal year ended 2027 earnings. As you might have seen in social media and our marketing campaigns, we recently completed 20 years of taking Yatra -- taking Indians to work and -- helping Indians get off from work as well. An accomplishment we are extremely proud of. As we look back, I would like to reflect on a few of the key strengths that have shaped Yatra over the past 2 decades. First, the trust in our brand from over 1,000-plus corporate customers and millions of retail customers; second, our technology capabilities and third, the resilience of our business model. Over this period, our brand has become synonymous with online travel in India. This trust has won us numerous consumer accolades and continues to drive a high degree of repeat usage and direct traffic onto our platform. Our corporate customer base also continues to rise consistently with retention rates in excess of 97%. For nearly 20 years, technology has been at the core of our business, enabling us to continuously evolve with the changing needs of travelers and enterprises. Over this period, we have built and refined a comprehensive travel technology ecosystem covering booking, travel management, expense management, automation and analytics, which support more than 1,300 large and midsized enterprise customers across India. And now with our partnership with Kanoo Travel, we will be extending our reach into the Middle East as well. We believe the capabilities we have built over the last two decades provide a strong foundation for the next phase of Yatra's AI-driven growth as AI becomes an integral layer across our platform, making travel simpler for users, smarter for enterprises and more efficient for our own operations. We believe that AI can fundamentally change the economics of managed travel. AI is automating routine workflows, surfacing saving opportunities in real time, improving policy compliance at the point of booking and accelerating expense reconciliation. Page 2 of 18 Yatra Online Limited August 13, 2026 As a result, companies are able to handle higher transaction volumes with fewer manual touch points, reducing cost leakages for their customers and unlocking better operating leverage as they scale. Our own investments are firmly aligned with these trends. We are embedding AI into search, recommendations and conversational interfaces so that travelers can find the right options faster and with less friction while staying within policy. We are also using AI and machine learning to automate service interactions, flag out of policy or anomalous spend earlier and provide travel and finance leaders with richer, more actionable insights into their programs. In practical terms, this translates into a better user experience, stronger compliance for our corporate clients, lower cost to serve and a more scalable operating model for us. We believe AI will increasingly be a structural advantage in travel management for us, not just enhancing the customer journey, but also improving margins and returns for our businesses. As we deepen these capabilities across Yatra's platform, we see a clear opportunity to drive both sustainable top line growth and continued improvement in our operating efficiency overtime. Let me now turn to the broader travel backdrop. The travel industry has gone through a period of disruption over the last few months. International travel was particularly impacted with the West Asia conflict disrupting air connectivity and affecting MICE activities. At the same time, we are operating in a structurally expanding market. India's overall online travel market is expected to grow at a high-single to low-double-digit CAGR over the next several years, outpacing many global peers, supported by rising disposable income, rapid digital adoption and improving air and rail connectivity across Tier II, Tier III cities. During this period, while international travel has got impacted to a certain extent, domestic travel has remained resilient despite global challenges. Air passenger traffic in India grew around 2.3% year-over-year in the period, driven by a young, increasingly affluent and mobile population that is prioritizing travel and experiences over other discretionary goods. We are also seeing sustained growth in non-air categories such as hotels as travelers look for short-haul getaways and value for money options. Outbound and international travel have seen more mixed trends. The West Asia conflict and rerouting of flights led to higher airfares, longer routes and uncertainty around certain long-haul destinations, which weighed on outbound sentiment. Industry-wide inquiries for some international destinations declined by, roughly 10% to 15% during the period. At the same time, the medium-term outlook for outbound travel from India remains very robust with multiple industry reports projecting low-teens growth in outbound spend over the next decade as more Indians travel overseas for leisure, business and education. As visa regimes ease, connectivity improves and new destinations ramp up capacity targeted at Indian travelers, we see a long runway for growth in this segment. Our discussions with the foreign tourism boards also supports these views with many foreign tourism boards keenly awaiting the normalization of the situation to initiate joint marketing campaigns to stimulate demand. 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