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MakeMyTrip
MakeMyTrip (MMYT) investor relations material
MakeMyTrip Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary21 Jan, 2026
Executive summary
Q3 FY2026 saw strong demand recovery in Indian leisure travel, with robust growth in hotels, packages, and bus ticketing, despite temporary domestic air disruptions and new pilot duty rules.
Diversified product portfolio, market leadership, and AI-driven innovations like the Myra assistant enhanced customer experience and mitigated segment-specific disruptions.
Expansion into tours, activities, and travel expense management broadened the platform's value proposition.
Record annual gross bookings of $9,803 million in FY25, with strong operating leverage and margin improvement.
Advanced, secure technology platform and experienced management support scale and differentiation.
Financial highlights
Q3 FY26: Air ticketing adjusted margin $107.9M (+20.4% YoY, constant currency); hotels & packages margin +14.6% YoY; bus ticketing margin $42.4M (+26.1% YoY, constant currency); others +45.5% YoY.
Revenue grew 10.6% YoY to $295.7M; gross bookings up 11.8% YoY to $2,784.5M.
Adjusted operating profit for Q3 FY26 was $50.7M; adjusted net profit $51.4M (+14.4% YoY); adjusted diluted EPS up 33% YoY.
Reported PAT for Q3 FY26 was $7.3M, down 73.1% YoY due to higher finance costs.
Marketing and sales promotion expense was 5.6% of gross bookings; service cost rose 13.6% YoY to $87.9M.
Outlook and guidance
Complete supply recovery in domestic air is expected to extend into the next fiscal year, with gradual improvement as pilot rosters and new aircraft deliveries stabilize.
GST rate reduction for hotels under INR 7,500 is expected to drive volume growth for the next four quarters.
Online travel market projected to grow 5x from $12B in 2022 to $60B by 2030, supported by India's economic expansion and digital adoption.
Management remains focused on expanding wallet share, enhancing customer experience through AI, and investing in ancillary services.
Detail the impact of 2030 notes on IFRS profit
Address domestic air supply constraints impact
What is the remaining share repurchase capacity?
Myra's role in early trip planning influence?
Drivers for future operating margin expansion?
Domestic air supply recovery timeline?
Partial view of Summaries dataset, powered by Quartr API
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Next MakeMyTrip earnings date
Q4 25/2620 May, 2026
MakeMyTrip
Next MakeMyTrip earnings date
Q4 25/2620 May, 2026
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Frequently asked questions
MakeMyTrip Limited, commonly known as MakeMyTrip (MMYT), operates as an online travel company. It primarily focuses on providing travel services for customers, including flight tickets, domestic and international holiday packages, hotel reservations, and rail and bus tickets. The platform caters to the travel needs of individuals and businesses, aiming to simplify the process of planning and booking travel. In addition to its core offerings, MakeMyTrip also provides travel insurance, visa processing, and other travel-related assistance to ensure a comprehensive travel planning experience. The company has significantly contributed to the digitization of travel booking in India and has expanded its services to cater to a global customer base through its website, mobile applications, and other platforms. The company is headquartered in Gurugram, Haryana, India, and its shares are listed on the NASDAQ.
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