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MakeMyTrip returns to profit in Q2 FY27; gross bookings grow 21%

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MakeMyTrip returns to profit in Q2 FY27; gross bookings grow 21%

MakeMyTrip returned to profitability in Q2 FY27 as growth in hotels, bus ticketing and ancillary services offset pressure on air travel. The Nasdaq-listed company reported a net profit of $1.8 million for the quarter ended September 2026, compared with a loss of $5.7 million a year earlier, while gross bookings rose 20.9% year-on-year in constant currency to $2.72 billion.

Revenue increased 2.5% to $235.2 million from $229.3 million, although growth stood at 11.2% after adjusting for currency movements. The Indian rupee depreciated approximately 10% against the US dollar during the quarter, affecting reported revenue growth. 

MakeMyTrip also cited elevated airfares and subdued international long-haul travel, partly offset by strong domestic demand. 

Adjusted operating profit rose to $46.2 million from $44.2 million, while adjusted net profit before tax increased 26.9% to $46.2 million. Adjusted EBITDA stood at $51.5 million, up 6.4% year-on-year. However, the return to a small reported net profit came alongside slower growth in reported revenue than in gross bookings.

Hotels and packages remained the largest contributor to adjusted margin, which rose 20.2% in constant currency to $116.8 million. Standalone hotel room nights grew 18.6%, supported by domestic hotel bookings that increased more than 20%. The company said demand for domestic leisure trips, shorter holidays and pilgrimage travel supported the segment.

7 million. Management attributed the pressure to higher fares and constrained airline capacity. It said the business maintained market share and improved unit economics through ancillary services.



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