MakeMyTrip Limited reported unaudited financial results for the first quarter of fiscal 2027 ended June 30, 2026. Gross bookings grew 19.9% year-over-year to approximately $2.9 billion, while revenue increased 16.1% to $285.6 million. Adjusted operating profit rose to $51.4 million from $47.3 million in the prior year period. The company highlighted strong margin growth across segments, including a 32.4% increase in bus ticketing adjusted margin and a 21.3% rise in hotels and packages. Additionally, MakeMyTrip launched Myra 2.0, an AI-powered conversational booking platform that handled over 85,000 daily conversations. The company operates in the online travel agency industry.

MakeMyTrip reported unaudited financial results for its fiscal first quarter ended June 30, 2026. Revenue increased 6.2% year-over-year to $285.6 million, or 16.1% in constant currency, driven by growth in hotels and packages, bus ticketing, and other segments, partially offset by a decline in air ticketing revenue. Gross bookings rose 9.4% to $2,854.7 million (19.9% in constant currency). Adjusted operating profit improved to $51.4 million from $47.3 million, while adjusted net profit before tax reached $52.2 million versus $49.4 million in the prior year period. Reported profit for the period fell 64.7% to $9.1 million due to a significant increase in net finance costs related to convertible senior notes and foreign currency translation impacts from INR depreciation against the USD. The company repurchased 200,000 ordinary shares for $7.8 million during the quarter under its existing share repurchase program.

On July 17, 2026, MakeMyTrip Limited announced that its wholly-owned subsidiary, MakeMyTrip (India) Limited (MMT India), has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India and the BSE and NSE of India for a proposed initial public offering. The IPO will involve the sale of equity shares in MMT India by MakeMyTrip and its subsidiary, ibibo Group Holdings (Singapore) Pte. Ltd. MMT India will remain a subsidiary and be included in consolidated financial statements. Proceeds will be used for long-term growth, strategic inorganic initiatives, and security repurchases. The company operates in the travel technology industry, providing a digital marketplace for air tickets, hotels, and other travel-related services.