MAKEMYTRIP LIMITED

Latest Results (21.11.2025):

MAKEMYTRIP LIMITED — Fiscal 2026 first quarter (1Q26, quarter ended June 30, 2025): revenue rose to $268.8 million (up 5.6% YoY; 7.8% in constant currency) and gross bookings increased to $2,608.5 million (up 12.4% YoY constant currency), while the company reported improved profitability despite short‑term travel headwinds related to regional geopolitical disruptions and a domestic plane crash.

Headline financials

Revenue: $268.8M in 1Q26 vs $254.5M in 1Q25 (+5.6% YoY; +7.8% constant currency). Profit for the period (IFRS): $25.8M vs $21.0M YoY. Results from operating activities: $40.4M vs $27.9M YoY.

Adjusted (non‑IFRS) profitability

Adjusted Operating Profit: $47.3M in 1Q26 vs $39.1M in 1Q25 (+21.0% YoY). Adjusted Net Profit: $49.4M vs $44.5M (+11.0% YoY).

Gross bookings and growth momentum

Gross Bookings: $2,608.5M in 1Q26, up 9.6% on a reported basis and 12.4% YoY in constant currency. April showed stronger momentum while May–June were impacted by external events.

Revenue by segment (IFRS)

Air ticketing: $60.1M (+4.5% YoY). Hotels & packages: $141.6M (‑3.5% YoY). Bus ticketing: $38.8M (+32.6% YoY). Others: $28.3M (+35.4% YoY).

Adjusted Margin by segment

Adjusted Margin — Air: $97.1M (+8.9% YoY; +11.5% constant currency). Hotels & packages: $121.9M (+13.6% YoY; +16.3% constant currency). Bus: $42.6M (+31.6% YoY; +34.1% constant currency). Others: $21.5M (+44.1% YoY; +47.4% constant currency).

Operational context and management commentary

Management noted strong April performance but softer May–June due to a terrorist attack (April 22, 2025), temporary airport closures, and a passenger airplane crash in June. Leadership described the impact as short‑term, highlighted the benefit of a diversified business mix, and said domestic air passenger trends indicate gradual easing of headwinds.