Q1 2026 MakeMyTrip Ltd Earnings Call Transcript
Key Points
- MakeMyTrip Ltd (MMYT) reported strong top-line growth in Hotels and Packages, Bus, and ancillary business segments despite macroeconomic challenges.
- The company achieved a 21% year-on-year growth in adjusted operating profit, reaching $47.3 million.
- International Air Ticketing revenue grew by over 27% year on year, and international Hotels revenue increased by over 45% year on year.
- MakeMyTrip Ltd (MMYT) expanded its international hotel supply, adding over 2,000 directly contracted hotels across 50 cities in 20 countries.
- The company successfully raised additional capital of approximately $3.1 billion through a primary offering, enhancing its financial position.
- Domestic leisure travel demand was negatively impacted by geopolitical tensions and a tragic airplane crash, affecting overall growth.
- The holiday Packages business was largely flat year on year due to the impact on domestic leisure travel.
- The company faced operational disruptions in the domestic Air Ticketing market, affecting growth in this segment.
- Despite strong growth in international segments, the overall revenue growth was limited to 7.8% year on year due to external events.
- The company experienced a temporary disruption in air supply due to safety checks, impacting flight availability.
Hello, everyone. I'm Vipul Garg, Senior Vice President, Investor Relations at MakeMyTrip Limited. Welcome to our fiscal 2026 first-quarter earnings webinar.
Today's event will be hosted by company's leadership team, comprising Rajesh Magow, our Co-Founder and Group Chief Executive Officer; and Mohit Kabra, our Group Chief Financial Officer.
As a reminder, this live event is being recorded by the company and will be made available for replay on our IR website shortly after the conclusion of today's event. At the end of these prepared remarks, we will also be hosting a Q&A session.
Furthermore, certain statements made during today's event may be considered forward-looking statements within the meaning of Safe Harbor provisions of US Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance; are subject to inherent uncertainties; and actual results may differ materially. Any forward-looking information relayed during this event speaks only as of this date. The
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