MakeMyTrip Limited has announced its unaudited financial and operating results for its fiscal first quarter ended June 30, 2026
Business & Financial Highlights | Q1 FY27 (MakeMyTrip)
1. Gross Bookings for the quarter grew by 19.9% YoY in constant currency and reached approximately $2.9 billion. We experienced strong growth in the quarter despite headwinds from multiple external events impacting travel.
2. Revenue for the quarter grew 16.1% YoY in constant currency. Strong growth in Adjusted Margin across segments, with Air Ticketing growing 10.8%, Hotels and Packages growing 21.3%, Bus Ticketing growing 32.4%, and Others growing 27.2% YoY in constant currency.
3. Results from Operating Activities for the quarter was $43.7 million registering 8.3% growth YoY.
4. We continue to build on our AI initiatives:
a. We launched Myra 2.0, the next version of our AI-powered travel assistant, which is now an end-to-end conversational booking platform.
b. Customers can now search, compare, ask contextual questions, upload documents, and complete bookings, including agentic payments, through a single conversational interface by voice if preferred, across eight Indian languages.
c. Myra engaged in over 85,000 daily conversations in Q1 FY27, of which more than 45% originated from Tier II and Tier III cities in India.
d. Myra is also driving meaningful efficiency gains post-booking, resolving over 50% of post-booking queries in relation to flights and hotels during Q1 FY27.
| Q1 FY27 ($ Million) | Q1 FY26 ($ Million) | YoY Change (Constant Currency) | |
| Gross Bookings | 2,854.7 | 2,608.5 | 19.9% |
| Revenue as per IFRS | 285.6 | 268.8 | 16.1% |
| Adjusted Margin | |||
| Air Ticketing | 98.5 | 97.1 | 10.8% |
| Hotels and Packages | 134.5 | 121.9 | 21.3% |
| Bus Ticketing | 51.8 | 42.6 | 32.4% |
| Others | 24.9 | 21.5 | 27.2% |
| Results from Operating Activities | 43.7 | 40.4 | |
| Adjusted Operating Profit (also referred to as Adjusted EBIT) | 51.4 | 47.3 |
Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said, “Despite macroeconomic disruptions, particularly in international travel, travellers made alternative choices for their leisure travel this quarter. As a result, we delivered a strong performance, underscoring the strength of our diversified range of travel products and services available on our platform.
While there are short-term headwinds due to the West Asia conflict impacting oil prices, we remain positive about the long-term outlook of the travel and tourism market in India on the back of infrastructure development and rising propensity to travel in India.”
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