RateGain Rallies Over 7% To Hit Fresh 52-Week High

Shares of RateGain Travel Technologies soared as much as 7.4% to hit a fresh 52-week high of ₹801.8 during the intraday trading on the BSE today.

The stock later pared some of the gains as investors rushed to book profits and was trading 4.6% higher at ₹780.5 at 14:20 IST. The company’s market capitalisation stood at ₹9,223.4 Cr at the time (about $971.9 Mn).

In the past two trading sessions, the stock has rallied 10%. Since April, RateGain has surged 83% from ₹439.15 on the BSE.

The rally is being driven by strong institutional buying interest, robust Q4 FY26 performance, and improving business outlook post the integration of Sojern. 

For context, RateGain acquired AI-led marketing platform Sojern in Q2 FY26 in a $250 Mn deal.

The travel-focused SaaS company’s consolidated net profit jumped 27.7% to ₹70 Cr in Q4 FY26 from ₹54.8 Cr in the same quarter last year. Sequentially, profit surged 164.2% from ₹26.5 Cr.

Operating revenue rose 174.5% to ₹715.6 Cr from ₹260.7 Cr a year ago, while it increased 32.5% from ₹540 Cr in the preceding September quarter. Including other income of ₹2.6 Cr, total income for the quarter stood at ₹718.1 Cr.

Meanwhile, total expenses stood at ₹621.9 Cr in Q4 FY26.

Last week, Sundaram Mutual Fund acquired an additional 9.42 Lakh equity shares representing 0.80% equity in RateGain via the open market. After the transaction, Sundaram Mutual Fund’s holding in the company increased to 5.47% from 4.67% earlier.

For FY26, RateGain reported a 6.9% decline in net profit to ₹194.4 Cr from ₹208.9 Cr in FY25, even as revenue grew 69.4% to ₹1,823.6 Cr from ₹1,076.7 Cr.

EBITDA for Q4 FY26 rose 142.7% to ₹147 Cr from ₹60.6 Cr a year ago, while FY26 EBITDA jumped 45.4% to ₹337.5 Cr from ₹232.1 Cr in FY25.

“FY26 was the year RateGain became a structurally different company. The Sojern integration was delivered ahead of plan, we have built the world’s largest travel intent data platform, and AI is now generating measurable commercial outcomes for our customers across acquisition, distribution, and engagement. We enter FY27 with stronger capabilities, sharper execution, and a clear line of sight to our $1 Bn ambition,” said RateGain founder and CEO Bhanu Chopra.

Founded in 2004, RateGain operates across three segments — DaaS (Data as a Service), distribution channel, and martech.

The martech segment continued to contribute the largest share of revenue. Focused on customer acquisition, engagement, and conversion for travel brands, it posted ₹1,260 Cr in FY26 revenue and accounted for 69.1% of the total revenue.

The DaaS segment, which provides real-time market and pricing intelligence to travel and hospitality firms, recorded ₹195.6 Cr in revenue, accounting for 20.3% of the total revenue.

The distribution channel segment, which helps hotels, airlines, and travel companies distribute inventory across online platforms and partners, raked in ₹360 Cr, or 10.7% of the total revenue.

Looking ahead, the company said it will focus on faster go-to-market execution and turning its platform strength into stronger business growth, with a key focus on selling more products to its 13,000+ existing customers.

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