India's Rategain Travel slumps on disappointing FY26 guidance

RateGain Travel Technologies

27/05/2025 07:58

** Rategain Travel Technologies RATE.NS falls 9% to 477 rupees

** Travel and hospitality technology firm's FY2026 revenue growth guidance at 6%-8% and margin guidance of 15%-17% disappointing, say two analysts

** PhillipCapital downgrades RATE to "neutral" from "buy", while Kotak Institutional Equities cuts PT to 540 rupees from 630 rupees earlier

** FY2026 to be co's weakest growth year since IPO in December 2021 amid simultaneous challenges across all segments, says PhillipCapital

** Co needs to reduce dependence on mature products and invest in scaling up smaller products to offset the external impact - Kotak

** Around 1.3 million shares change hands, ~4x the six-month average daily volume

** YTD, RATE down 34%

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))