Key Points – MakeMyTrip delivered solid fiscal Q1 growth: Constant-currency gross bookings rose 19.9% and IFRS revenue increased 16.1% to $285.6 million, while adjusted operating profit reached $51.4 million.
Hotels and packages, bus ticketing and ancillary businesses offset softer air-ticketing demand. – Non-air travel remained resilient amid disruptions: Hotels and packages bookings grew 19.6%, standalone hotel volumes rose 20.2% and bus volumes increased 23.9%, supported by domestic travel, shorter trips and more affordable ground transportation. – The company is investing in AI and expansion: Myra 2.0 handled more than 8 million conversations during the quarter, while AI tools now generate over 75% of code and resolve more than half of customer-support calls
MakeMyTrip also confidentially filed for a proposed IPO of its Indian subsidiary to help fund growth, acquisitions and security repurchases. – TripAdvisor is on AI-powered recovery from record lows MakeMyTrip (NASDAQ:MMYT) reported fiscal 2027 first-quarter growth in its hotels, packages and ground transportation businesses, helping offset softer air-ticketing trends amid geopolitical disruptions, higher fuel costs and elevated airfare levels. Group Chief Executive Officer Rajesh Magow said the quarter began with the continuing effects of the West Asia conflict, which disrupted flight operations and made travelers more cautious about international travel, particularly on westbound routes. As flight operations resumed, higher fuel and aviation turbine fuel costs contributed to higher fares and short-term airline capacity reductions. – Are These 3 Travel-Related Stocks Actionable After Big Rallies?
Magow said leisure travel demand remained resilient during the peak summer period, although international leisure travelers shifted some demand toward eastern and Far East destinations. Domestic leisure demand also included travel to popular destinations as well as shorter road-based getaways. Essential and…