Research analysts who have asked questions during MakeMyTrip earnings calls.
Manish Adukia
Goldman Sachs
4 questions for MMYT
Sachin Salgaonkar
Bank of America
4 questions for MMYT
Also covers: GRAB, SE
Vijit Jain
Citigroup Inc.
4 questions for MMYT
AR
Ankur Rudra
JPMorgan Chase & Co.
3 questions for MMYT
Also covers: INFY, WIT
Gaurav Rateria
Morgan Stanley
3 questions for MMYT
Also covers: INFY, WIT
Manik Taneja
Axis Capital
3 questions for MMYT
Also covers: INFY, WIT
AS
Aditya Suresh
Macquarie Group
2 questions for MMYT
Also covers: SNPMF
AC
Aditya Chandrasekar
UBS Group
1 question for MMYT
Recent press releases and 8-K filings for MMYT.
MMYT Reports Q2 2026 Adjusted Operating Profit Growth and Strategic Updates
MMYT
Earnings
Product Launch
Share Buyback
- MakeMyTrip reported an adjusted operating profit of $44.2 million for Q2 Fiscal Year 2026, marking an 18% year-on-year increase, despite a net loss of $5.7 million primarily due to non-cash interest costs and foreign currency losses.
- The company experienced robust growth in its international business, with international air ticketing revenue growing over 29.6% year-on-year and international hotels revenue growing over 42% year-on-year in constant currency, contributing 28% to overall revenue.
- The bus ticketing segment also demonstrated strong performance with adjusted margin growth of 44.1% year-on-year in constant currency, while the domestic air market maintained over 30% market share despite supply constraints.
- MakeMyTrip launched the beta version of its AI-powered conversational travel assistant, Mira, in August 2025, which has quickly scaled to over 25,000 conversations daily.
- The share buyback program was extended to March 31, 2030, with the balance increased to $200 million and the annual limit raised to $100 million. The company anticipates growing in the 20s for the full fiscal year in terms of adjusted margin.
Oct 28, 2025, 11:30 AM
MakeMyTrip Reports Strong Q2 2026 Adjusted Operating Profit and International Growth
MMYT
Earnings
Product Launch
Management Change
- MakeMyTrip reported a Q2 2026 adjusted operating profit of $44.2 million, representing an 18% year-on-year growth, and an improved adjusted operating margin of 1.8% of gross booking value.
- The international business was a key growth driver, with international air ticketing revenue increasing 29.6% and international hotels revenue growing 42% year-on-year in constant currency, now contributing 28% to overall revenue.
- The company launched its AI-powered conversational travel assistant, Myra, in August 2025, which is currently handling over 25,000 conversations daily to enhance customer experience and productivity.
- Despite challenges in the domestic air market, the accommodation business delivered 18% volume growth, bus ticketing adjusted margin grew 44.1%, and the "Others" category adjusted margin increased 29.7% year-on-year in constant currency.
- MakeMyTrip anticipates achieving overall adjusted margin growth in the twenties for the full fiscal year and announced leadership changes, including Mohit's elevation to Group Chief Operating Officer and Deepak Bora's appointment as Group CFO.
Oct 28, 2025, 11:30 AM
MakeMyTrip Reports Q2 2026 Financial Results with Strong International and Accommodation Growth
MMYT
Earnings
Product Launch
Share Buyback
- MakeMyTrip reported an adjusted operating profit of $44.2 million for Q2 FY26, representing 18% year-on-year growth. However, the company recorded a net loss of $5.7 million for the quarter, primarily due to a $24.3 million non-cash interest cost from 2030 convertible notes and a $14.3 million foreign currency loss.
- The company experienced robust growth in its international business, with international air ticketing revenue growing over 29.6% year-on-year and international hotels revenue growing over 42% year-on-year in constant currency, contributing 28% to overall revenue. The accommodation business also delivered 18% volume growth year-on-year.
- Despite a 3% year-on-year decline in the domestic air market due to supply constraints, MakeMyTrip maintained its market share of 30% plus. The company also launched the beta version of its AI-powered conversational travel assistant, Myra, in August 2025, which handles over 25,000 conversations daily.
- The share buyback program was updated, increasing the balance to $200 million and the annual limit to $100 million, now including 2013 notes and 2030 convertible notes.
Oct 28, 2025, 11:30 AM
MakeMyTrip Limited Announces Fiscal Q2 2026 Results
MMYT
Earnings
Share Buyback
Debt Issuance
- MakeMyTrip Limited reported a revenue increase of 8.7% to $229.3 million and Gross Bookings growth of 8.4% to $2,447.3 million for the fiscal second quarter ended September 30, 2025.
- The company recorded a profit loss of $5.738 million for the period, a 132.0% decrease compared to the prior year, primarily impacted by a significant increase in net finance costs to $35.9 million due to interest expense on 2030 Notes.
- Despite the net loss, Adjusted Operating Profit improved by $6.7 million to $44.2 million in Q2 2026.
- The company's share repurchase plan was amended on October 28, 2025, authorizing repurchases of up to $200.0 million of ordinary shares and convertible notes, with a $100.0 million sub-limit per fiscal year, effective until March 31, 2030.
Oct 28, 2025, 10:47 AM
MakeMyTrip Announces Key Leadership Changes
MMYT
Management Change
CFO Change
- MakeMyTrip Limited announced strategic leadership changes on September 23, 2025, with Mohit Kabra elevated to Group Chief Operating Officer and Dipak Bohra appointed as Group Chief Financial Officer.
- Mohit Kabra, previously Group CFO, will now oversee day-to-day operations across all business units and will continue to report to Rajesh Magow, Co-Founder and Group CEO.
- Dipak Bohra brings three decades of extensive finance experience and will report to Mohit Kabra, providing strategic leadership to the company's finance, legal and compliance, and investor relations functions.
Sep 23, 2025, 12:40 PM
Quarterly earnings call transcripts for MakeMyTrip.
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