Results · Professional & Local Services

MakeMyTrip Q4 profit falls 16.8%

What they do

MakeMyTrip is an online travel agency offering flight, hotel, and bus bookings in India

Q4 FY26 profit dropped 16.8% year-on-year to $24.3 million, while revenue rose 1.9% to $250.1 million

The company's AI assistant Myra resolved 55% of post-booking queries, and shares closed at $44.93 on Nasdaq

MakeMyTrip reported Q4 FY26 net profit of $24.3 million, down 16.8% year-on-year from $29.2 million.
Quarterly profit fell 74.5% sequentially from $95.3 million in Q3 FY26.
Revenue for the quarter was $250.1 million, up 1.9% year-on-year from $245.5 million.
Gross bookings for the quarter were $2.6 billion, flat year-on-year.
For the full year, revenue rose 6.7% to $1.04 billion, while profit dropped 45.8% to $51.7 million.
Finance costs more than doubled to $16.6 million in Q4, due to interest on 2030 Notes and higher foreign exchange losses.
Growth was hit by the Maha Kumbh Mela in February 2025 and the ongoing West Asia conflict.
The company repurchased 900,000 shares worth $50.3 million during the quarter.

FY26 was a challenging year for the travel industry due to external disruptions.
The company continued investing in AI initiatives during the year.
Bus ticketing outperformed other segments in Q4, with revenue up 7.3% year-on-year.
Hotels and packages remained the largest revenue contributor, though revenue dipped slightly.

MakeMyTrip is an online travel agency offering flight, hotel, and bus booking services.
It operates primarily in India, serving both leisure and business travelers.
Revenue comes from commissions on bookings, plus fees for ancillary services.
Hotels and packages is the largest revenue segment, contributing $121.8 million in Q4.
Air ticketing revenue was $58.7 million in Q4, down 4.7% year-on-year.
Bus ticketing revenue grew 7.3% to $35.9 million, the fastest-growing segment.
The company's AI assistant Myra handled over 54,000 daily conversations in Q4, with 45% from Tier-2 and smaller cities.
Myra autonomously resolved about 55% of post-booking queries across flights and hotels.

The company will continue investing in AI initiatives, including its assistant Myra.
It has $103.6 million remaining in its buyback authorisation as of March 31, 2026.