The travel platform recorded $2.72 billion in gross bookings, while adjusted margins across its non-air business segments grew between 20.2% and 29.8% year-on-year in constant currency.
NATIONAL, 26 October 2026: MakeMyTrip Limited (NASDAQ: MMYT) has reported strong financial and operating performance for the second quarter of fiscal year 2027, ended 30 September 2026, despite a challenging macroeconomic environment.
The company’s gross bookings increased to $2,724.7 million, compared with $2,447.3 million in Q2 FY26, representing year-on-year growth of 20.9% in constant currency. Revenue under International Financial Reporting Standards (IFRS) stood at $235.2 million, compared with $229.3 million in the previous year, reflecting 11.2% growth in constant currency.
Adjusted operating profit, also referred to as adjusted EBIT, reached $46.2 million, up from $44.2 million in Q2 FY26. Adjusted net profit before tax increased to $46.2 million from $36.4 million, while profit for the period stood at $1.8 million, compared with a loss of $5.7 million in the corresponding quarter last year.
Adjusted Margins Grow Across Business Segments
MakeMyTrip recorded year-on-year growth in adjusted margins across all its reported business segments during Q2 FY27. Hotels and Packages grew 20.2%, Air Ticketing increased 14.3%, Bus Ticketing rose 29.0%, and Others recorded growth of 29.8%, all in constant currency.
The performance highlights the contribution of the company’s diversified travel portfolio, with hotels and ground transport emerging as important areas of growth during the quarter.
AI Initiatives Drive Customer Engagement and Bookings
The company continued to expand its artificial intelligence initiatives through Myra, its AI-powered travel assistant. During the quarter ended 30 September 2026, Myra engaged in more than 90,000 conversations daily across multiple Indian languages and English. More than 55% of these conversations originated from Tier II and Tier III cities in India.
Myra resolved over 53% of post-booking queries related to flights and hotels during the quarter. Its capabilities include end-to-end trip planning, voice interactions and in-chat payments. The assistant also supported an average of more than 3,000 completed bookings per day.
Customer conversion was also higher among Myra users. Customers engaging with the assistant completed approximately 1.7 times more bookings than non-Myra users. Among customers from Tier II and Tier III cities, those using Myra completed approximately 2.1 times more bookings than non-users.
CEO Highlights Resilience and Long-Term Growth Strategy
Commenting on the results, Rajesh Magow, Group Chief Executive Officer of MakeMyTrip, said,
“We delivered strong growth despite a challenging travel environment, with Gross Bookings increasing 20.9% year on year in constant currency to $2.7 billion. Growth in hotels and ground transport underscored the resilience of our diversified portfolio and our ability to serve evolving customer needs. We are using AI to simplify travel planning and booking, supported by our extensive supply network, integrated distribution platform and trusted service. We continue to invest with discipline to capture India’s long-term travel opportunity and deliver sustainable, profitable growth.”
