Makemytrip Limited ( (MMYT) ) has released its Q1 earnings. Here is a breakdown of the information Makemytrip Limited presented to its investors.
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MakeMyTrip Limited, a leading travel service provider in India, offers a wide range of travel services including air ticketing, hotel bookings, and bus ticketing through its well-recognized brands such as MakeMyTrip, Goibibo, and redBus. The company recently released its fiscal 2026 first-quarter results, showcasing a resilient performance despite challenging external conditions.
In the first quarter of fiscal 2026, MakeMyTrip reported a 5.6% increase in revenue, reaching $268.8 million, with significant growth in bus ticketing and other travel services. The company achieved a 12.4% year-over-year increase in gross bookings, totaling $2.6 billion, and saw improvements in adjusted operating profit and net profit.
Key financial highlights include a 4.5% increase in air ticketing revenue, a 32.6% rise in bus ticketing revenue, and a 35.4% growth in other services. However, the hotels and packages segment experienced a slight decline in revenue. Despite these mixed results, the company’s adjusted margins improved across all segments, reflecting efficient cost management and operational agility.
Looking ahead, MakeMyTrip remains optimistic about the long-term growth prospects of the travel sector in India. The company continues to focus on its diversified business portfolio and strategic initiatives to navigate short-term challenges and capitalize on future opportunities.