MakeMyTrip Reports Strong Q2 2027 Growth Driven by Non-Air Segments
MakeMyTrip (MMYT) delivered robust second-quarter fiscal 2027 results, characterized by a 20.9% year-over-year increase in gross bookings to $2.7 billion. While the aviation sector faced headwinds due to high airfares and supply constraints—leading to a slight compression in adjusted operating profit margins—the company saw significant strength in its non-air business mix, which rose to 63.2% of total revenue. Key growth drivers included an 18.6% increase in standalone hotel room nights and a 40% surge in intercity cab bookings. The company is also successfully integrating AI technology; the 'Myra' assistant achieved high engagement levels, significantly boosting conversion rates particularly in tier 2 and tier 3 cities. Despite macroeconomic pressures like West Asia conflicts and currency depreciation, MakeMyTrip maintains a strong liquidity position with $815 million in cash and continues its share buyback program.