149
/ 2
Min Read
MakeMyTrip Limited, India's leading travel services provider, has reported a strong performance for the first quarter of FY27 despite a challenging business environment marked by multiple external events affecting travel demand.
Revenue for the quarter grew 16.1 percent year-on-year in constant currency, while adjusted margins witnessed double-digit growth across key business segments. Air Ticketing grew 10.8 percent, Hotels and Packages 21.3 percent, Bus Ticketing 32.4 percent and the Others segment 27.2 percent year-on-year in constant currency.
Results from operating activities stood at $43.7 million, registering an 8.3 percent year-on-year growth, while adjusted operating profit (Adjusted EBIT) increased to $51.4 million from $47.3 million in the corresponding quarter last year.
The company also continued to expand its AI capabilities with the launch of Myra 2.0, the latest version of its AI-powered travel assistant. The upgraded platform now offers an end-to-end conversational booking experience, allowing customers to search, compare, ask contextual questions, upload documents and complete bookings, including agentic payments, through a single voice-enabled interface available in eight Indian languages.
During Q1 FY27, Myra handled over 85,000 daily conversations, with more than 45 percent of interactions originating from Tier II and Tier III cities. The AI assistant also resolved over 50 percent of post-booking queries related to flights and hotels, improving operational efficiency.
Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said, "Despite macroeconomic disruptions, particularly in international travel, travelers 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."
He added that while short-term headwinds arising from the West Asia conflict and its impact on oil prices remain, the company continues to be optimistic about the long-term growth of India's travel and tourism sector, supported by infrastructure development and a growing propensity to travel.
