MakeMyTrip Reports Strong Q1 Growth Amid Travel Disruptions
MakeMyTrip reported solid growth in its fiscal first quarter of 2027, with constant-currency gross bookings rising by 19.9% and IFRS revenue increasing to $285.6 million—a year-over-year rise of 16.1%. Adjusted operating profit reached $51.4 million as the company's hotels, packages, bus ticketing, and ancillary businesses offset weaker air-ticketing demand due to geopolitical disruptions and higher fuel costs. Non-air travel segments remained resilient: hotel bookings grew by 19.6%, standalone hotel volumes rose by 20.2%, and bus ticket sales increased by 23.9%. The company attributed this growth to strong domestic travel, shorter trips, and more affordable ground transportation options. MakeMyTrip also highlighted its investments in AI tools like Myra 2.0, which handled over eight million customer conversations during the quarter. The CEO noted that leisure demand remained robust despite international disruptions, with travelers shifting focus toward eastern destinations. The company is exploring growth through a proposed IPO of its Indian subsidiary to fund expansion and acquisitions.
Tickers: $MMYT
Topics: ai_integration ipo_plans revenue_growth travel