The second wave of the pandemic triggered a fresh round of mobility and travel restrictions leading to severe disruptions, impacting the progressive recovery witnessed in H2 of FY21.
With reduction in new Covid infections and easing of travel restrictions in June’21, domestic leisure segment witnessed an uptick. Focused and curated packages were deployed to garner business.
Aggressive cost reduction measures continued to be deployed to mitigate the impact of negative operating leverage. This, coupled with actions to augment revenue from curated offerings as referred above, led to a 50% positive swing at the EBITDA level (+ INR 87cr) compared to the base quarter. |