MakeMyTrip reported second quarter fiscal 2027 revenue of $235.2 million, missing the analyst consensus of $269.1 million. While reported revenue growth was muted at 2.5% year-over-year, constant currency growth reached 11.2%. The company turned a profit of $1.8 million for the quarter, a significant recovery from the $5.7 million loss in the prior year, driven by robust performance in high-margin segments.

Key Highlights

  • Gross bookings reached $2.72 billion, representing a 20.9% increase year-over-year in constant currency.
  • High-margin Hotels and Packages adjusted margin grew 20.2% YoY in constant currency to $116.8 million.
  • Air Ticketing adjusted margin increased 14.3% YoY in constant currency to $108.6 million.
  • Adjusted Operating Profit rose to $46.2 million, compared to $44.2 million in the prior year's second quarter.