In this paper image compression using hybrid wavelet transform is proposed. Hybrid wavelet transform matrix is formed using two component orthogonal transforms. One is base transform which contributes to global features of an image and another transform contributes to local features. Here base transform is varied to observe its effect on image quality at different compression ratios. Different transforms like Discrete Kekre Transform (DKT), Walsh, Real-DFT, Sine, Hartley and Slant transform are chosen as base transforms. They are combined with Discrete Cosine Transform (DCT) that contributes to local features of an image. Sizes of component orthogonal transforms are varied as 16-16, 32-8 and 64-4 to generate hybrid wavelet transform of size 256x256. Results of different combinations are compared and it has been observed that, DKT as a base transform combined with DCT gives better results for size 16x16 of both component transforms.