MakeMyTrip reported a 20.9% year-over-year increase in gross bookings to $2.7 billion for the second quarter of fiscal 2027. Although the reported IFRS revenue of $235.2 million fell short of the $269.1 million analyst consensus, the company achieved a positive net profit of $1.8 million, rebounding from a loss in the prior year. Growth was particularly resilient in the high-margin hotels and ground transport segments, further supported by significant efficiency gains from AI-driven customer engagement.
Key Highlights
- Gross bookings grew to $2.72 billion, a 20.9% increase year-over-year in constant currency.
- Profit for the period reached $1.8 million, a significant improvement from the $5.7 million loss reported in the second quarter of the previous year.
- The AI assistant 'Myra' saw high adoption, with users completing bookings at a 1.7x higher rate than non-users, while resolving over 53% of post-booking queries.
- Adjusted Margins for non-air segments showed robust growth, with Hotels and Packages up 20.2% and Bus Ticketing up 29.0% year-over-year.