Quarterly ResultAug 3, 2026, 08:12 AM
MakeMyTrip Q1 Gross Bookings Up 19.9% to $2.9B
AI Summary
MakeMyTrip Ltd reported strong financial performance for its fiscal first quarter ended June 30, 2026, despite external headwinds. Gross Bookings increased by 19.9% year-over-year in constant currency to nearly $2.9 billion, with revenue growing 16.1%. The company also highlighted the successful launch and adoption of Myra 2.0, its AI-powered travel assistant, which is driving efficiency and customer engagement.
Key Highlights
- Gross Bookings grew 19.9% YoY in constant currency to approximately $2.9 billion.
- Revenue increased 16.1% YoY in constant currency.
- Adjusted Margin for Air Ticketing grew 10.8% YoY.
- Adjusted Margin for Hotels and Packages grew 21.3% YoY.
- Adjusted Margin for Bus Ticketing grew 32.4% YoY.
- Results from Operating Activities reached $43.7 million, an 8.3% YoY growth.
- Launched Myra 2.0, an AI-powered conversational booking platform supporting 8 Indian languages.
- Myra engaged in over 85,000 daily conversations, with 45% from Tier II and III cities.
Price Impact
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