MakeMyTrip Reports 5.6% Revenue Increase and 22.6% Profit Growth in Fiscal Q1 2026 Results
MakeMyTrip Limited has released its fiscal 2026 first-quarter financial results, showing a resilient performance despite challenging external conditions. Gross bookings increased by 12.4% year-over-year (YoY) to $2.61 billion. The adjusted margin for air ticketing rose by 11.5% YoY to $97.1 million, while hotels and packages saw a 16.3% YoY increase to $121.9 million. Bus ticketing experienced significant growth with a 34.1% YoY rise to $42.6 million, and the 'others' category jumped by 47.4% YoY to $21.5 million. Adjusted operating profit improved to $47.3 million in the first quarter, compared to $39.1 million in the same period last year, marking an $8.2 million YoY improvement. Adjusted net profit also increased to $49.4 million from $44.5 million, reflecting a $4.9 million YoY growth. Despite short-term disruptions from geopolitical tensions and a passenger airline crash in India, MakeMyTrip's diverse business portfolio and range of travel services enabled the company to maintain strong performance. The company's leadership remains confident in the long-term growth prospects of the travel sector in India, anticipating that the short-term impacts will ease.
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