TTT NEWS NETWORK
NEW DELHI | 3 AUGUST 2026
MakeMyTrip reported strong Q1 FY27 growth with $2.9 billion in gross bookings, driven by a 32.4% surge in bus ticketing and 21.3% growth in hotels and packages, despite external headwinds. The platform’s AI assistant, Myra 2.0, facilitated over 85,000 daily interactions, with significant adoption in Tier-II and Tier-III cities and over 50% of customer queries resolved without human intervention.
MakeMyTrip Limited, India’s leading travel service provider, today announced its unaudited financial and operating results for its fiscal first quarter ended June 30, 2026,
Business & Financial Highlights of first quarter of FY27 . Gross Bookings for the quarter grew by 19.9% YoY in constant currency and reached approximately $2.9 billion,experienced strong growth in the quarter despite headwinds from multiple external events impacting travel.
Revenue for the quarter grew 16.1% YoY in constant currency, strong growth in Adjusted Margin across segments with Air Ticketing growing 10.8%, Hotels and Packages growing 21.3%, Bus Ticketing growing 32.4% and Others growing 27.2% YoY in constant currency. Results from Operating Activities for the quarter was $43.7 million registering 8.3% growth YoY. 4.
Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said, “Despite macroeconomic disruptions, particularly in international travel, travelers made alternative choices for their leisure travel this quarter. As a result, we delivered a strong performance, underscoring the strength of our diversified range of travel products and services available on our platform. While there are short-term headwinds due to the West Asia conflict impacting oil prices, we remain positive about the long-term outlook of the travel and tourism market in India on the back of infrastructure development and rising propensity to travel in India.”
MakeMyTrip continue to build on their AI initiatives:
Launched Myra 2.0, the next version of their AI-powered travel assistant, which is now an end-to-end conversational booking platform. Customers can search, compare, ask contextual questions, upload documents, and complete bookings, including agentic payments, through a single conversational interface by voice if preferred, across eight Indian languages. Myra engaged in over 85,000 daily conversations in first quarter of FY27, of which more than 45% originated from Tier II and Tier III cities in India. Myra is also driving meaningful efficiency gains post-booking, resolving over 50% of post booking queries in relation to flights and hotels during Q1 FY27.
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