MakeMyTrip Reports 23% Profit Growth Amid Regional Travel Disruptions

MakeMyTrip Limited has demonstrated strong financial performance and strategic growth amid challenging geopolitical and operational disruptions in India during fiscal 2025 and early 2026. The company reported record gross bookings and revenues, with significant growth in its bus ticketing and international travel segments, although domestic leisure travel faced temporary setbacks due to geopolitical tensions and an aircraft crash. Profit increased by over 22% year-over-year in Q1 FY26, supported by a diversified portfolio including air ticketing, hotels, and bus services, with international air bookings reaching a record high share. MakeMyTrip also raised $3.1 billion to repurchase shares from Trip.com Group, reducing the latter's stake significantly and signaling potential future buybacks. Despite short-term challenges, CEO Rajesh Magow maintains optimism about the long-term travel sector growth in India, emphasizing operational agility and strategic investments such as the acquisition of Happay to enhance corporate travel solutions. The company’s adjusted margins improved across segments, reflecting effective cost management and resilience in a volatile environment.