MakeMyTrip delivered a strong performance in the first quarter of FY27 despite a difficult operating environment, with growth driven by its diversified travel businesses even as multiple external events weighed on travel demand.
The company said travellers, particularly leisure travellers, shifted to alternative choices during the quarter, helping it maintain momentum despite macroeconomic disruptions and headwinds in international travel.
“While there are short-term headwinds due to the West Asia conflict impacting oil prices, we remain positive about the long-term outlook of the travel and tourism market in India on the back of infrastructure development and rising propensity to travel in India,” said Group Chief Executive Officer Rajesh Magow.
Gross bookings, which shows the total value of travel services booked on the platform before cancellations and certain adjustments, rose 19.9% year-on-year in constant currency to about $2.9 billion.
Revenue increased 16.1% to $285.6 million, while results from operating activities grew 8.3% to $43.7 million.
