MakeMyTrip reported a 27% increase in adjusted net profit to $46.2 million for the quarter ending September 2026, driven by strong domestic travel demand. While gross bookings grew by 20.9% to $2.72 billion, international travel faced pressure from high fuel costs and currency volatility. Investors may watch if domestic momentum continues to offset international weakness.
MakeMyTrip has reported a solid financial performance for the quarter ending September 30, 2026, with an adjusted net profit of $46.2 million. This is a 27% increase compared to the $36.4 million recorded in the same period last year. The results reflect the company's ability to navigate a mixed travel environment, where strong local demand helped counter challenges in the overseas travel market.
Driving these results was a 20.9% jump in gross bookings, which reached $2.72 billion. Revenue also showed growth, rising 11.2% in constant currency terms to $235.2 million. Although the Indian Rupee's depreciation created some reporting friction, the company's focus on hotels and ground transport segments played a key role in maintaining profitability.
A clear divide emerged between domestic and international travel trends during the quarter. While India's domestic travel market remained resilient, the international long-haul segment struggled. Higher airfares, driven by elevated fuel costs, combined with the depreciation of the local currency, made overseas trips more expensive for consumers, dampening interest. The company managed to mitigate these international headwinds by shifting its focus toward high-growth domestic avenues.
Strategically, the company is increasing its investment in artificial intelligence to simplify the travel planning process and improve the user experience. By integrating these technologies into its platform, MakeMyTrip aims to improve operational efficiency and protect profit margins even if market conditions remain tough. This technology-led approach is intended to build a stronger connection with travelers and ensure long-term efficiency.
For investors, the key monitorable will be the company's ability to sustain this domestic growth while navigating broader macroeconomic risks. Factors such as volatile fuel prices and currency fluctuations remain important, as these can directly affect consumer spending power and the cost of travel services. As the company continues to deploy its technology-led strategy, shareholders may track how effectively it can manage costs and maintain margins despite external pressures on international tourism.