Nasdaq-listed travel service provider MakeMyTrip Ltd reported a 13% rise in adjusted operating profit of $188.8 million in FY26, compared to $167.3 million in FY25, according to the company's statement. The company also achieved a 10.4% growth in gross bookings, reaching $10,390.8 million in FY26 versus $9,803.1 million in the previous fiscal year.
According to MakeMyTrip CEO Rajesh Magow, the performance was led by bus ticketing at 29% growth, followed by hotels and packages at 15%, and air ticketing with over 13% growth. As reported by the company, Magow noted that despite a challenging market environment, it was encouraging to see double-digit year-on-year growth in adjusted margins in constant currency across all major verticals.
Commenting on the results, MakeMyTrip CEO Rajesh Magow stated that the company surpassed its annual gross bookings milestone of $10 billion and strengthened its position as the travel platform of choice. According to the company's statement, this achievement demonstrates the company's ability to maintain growth momentum despite market challenges.
The company's focus on enhancing AI capabilities is beginning to show results, as reported by MakeMyTrip. The AI-powered assistant 'Myra' is unlocking first-time users from Tier-2 cities and beyond, and resolving over 55% of post-booking queries across flights and hotels in Q4 FY26. This technological advancement is shaping how consumers experience the platform and contributing to the company's operational efficiency.
