Aditya Chandrasekar's questions to MakeMyTrip Ltd (MMYT) leadership • Q1 2026
Question
Aditya Chandrasekar from UBS Group requested commentary on MakeMyTrip's market share position in the hotels and bus ticketing segments, particularly in light of competitive claims.
Answer
Group CEO Rajesh Magow stated that in the bus segment, MakeMyTrip's strong growth on a large base demonstrates continued market share gains from both offline channels and smaller players. For hotels, he asserted that MakeMyTrip's primary competition comes from global OTAs, but its India-focused strategy, direct supply efforts, and strong brand create a significant moat for domestic and outbound Indian travelers, distinguishing it from competitors.