MakeMyTrip Swings To $1.8 Mn Profit In Q2 FY27, Revenue Up 2.5% YoY

Online travel company MakeMyTrip reported a consolidated net profit of $1.8 million for the September quarter of FY27, marking a significant improvement from a loss of $5.7 million the previous year. The company's revenue increased by 2.5% to $235.2 million compared to $229.3 million in Q2 FY26. However, when adjusted for exchange rate fluctuations, revenue grew by 11.2% on a constant currency basis.

MakeMyTrip's financials are reported in US dollars, but the company's major subsidiaries operate in Indian rupees. The Indian rupee's depreciation of around 10% against the dollar during the quarter negatively impacted the company's reported revenue and growth rates. International long-haul outbound travel from India faced challenges, with high fuel prices driving up airfares and a weaker rupee raising the overall cost of overseas trips.

Despite these headwinds, strong domestic travel demand helped offset some of the negative effects. Gross bookings increased by 11.3% to $2.72 billion, with a growth of 20.9% on a constant currency basis. Hotels and packages remained the top revenue contributors, generating $107.1 million in Q2 FY27, a slight decline from $108.2 million in the same period last year.

The bus ticketing segment saw a 16.6% increase, reaching $39.1 million from $33.5 million. A 24.7% rise in the number of bus tickets contributed to a 20% growth in gross bookings for this segment, totaling $435.3 million.