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medianama.comOCT 266 min read$MMYT

MakeMyTrip swings to Q2 profit, bus revenue jumps 16% amid woes

MakeMyTrip reported a Q2 net profit of $1.8M, reversing from a $5.7M loss last year. Revenue rose 2.5% to $235.2M, with bus ticketing revenue up 17%. The company cited subdued outbound travel demand and INR depreciation as growth challenges. Gross bookings increased to $2.7B. The India entity filed for an IPO. AI assistant Myra saw increased usage and higher conversion rates.

Original reporting
medianama.com
Published Oct 26, 2026, 12:33 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 26, 2026, 5:03 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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MakeMyTrip swings to Q2 profit, bus revenue jumps 16% amid woes — source image
Source · medianama.com
Decision brief

The 30-second read

$MMYTBullishMed
01

Why it matters

The key tradable takeaway is a reversal to quarterly profit alongside a clear bus-ticketing acceleration, while management also flags ongoing international outbound weakness and INR depreciation as continuing headwinds.

02

Market read

Traders can reassess near-term fundamentals based on the profit reversal and bus segment outperformance, while monitoring FX and international demand risks.

03

What to watch

Bus revenue growth is strong, but the article shows hotels/packages revenue declined 1% and air ticketing revenue fell 7%, so overall diversification benefits may be uneven.

Relevance 8/10Novelty 7/10Timing: post-earnings, reported Q2 FY27 results and segment/AI metrics

Background

MakeMyTrip (MMYT) reported Q2 FY27 results for the quarter ended September 30, 2026, including segment performance and AI assistant Myra usage metrics.

Company-level read

Ticker impact

$MMYTBullishHigh confidence
Context

MakeMyTrip reported Q2 FY27 net profit of $1.8M versus a $5.7M loss, with bus ticketing revenue up 17% YoY and gross bookings rising to $2.7B.

Expected impact

Likely upward bias as traders price in operating leverage from bus ticketing growth, partially offset by FX and weaker outbound international demand.

Evidence & confidence

The article provides a clear earnings turnaround (loss to profit) plus a specific segment driver (bus revenue +17%, tickets +25%) while also citing headwinds (subdued outbound demand, INR depreciation ~10% YoY).

Market effects

Sector

Highlights demand resilience in domestic ground travel versus weaker international outbound, which can influence sentiment toward online travel platforms’ segment mix and FX sensitivity.

Regional

Emphasizes India travel demand dynamics and INR/USD depreciation effects on reported USD results.

Global

FX-driven translation effects and travel demand shifts can affect cross-border investors’ risk perception for India-focused travel tech names.

Counterpoint

What could challenge this read

The profit turnaround may be partly accounting/FX related, since the company explicitly attributes reported revenue and growth impacts to INR depreciation and notes international demand remains subdued.

Key entities

  • company
    MakeMyTrip

    Nasdaq-listed travel platform reporting Q2 FY27 profit turnaround, segment revenue changes, and AI assistant Myra engagement metrics.

  • company
    MakeMyTrip India Limited

    India entity that filed a confidential draft red herring prospectus with SEBI for a potential IPO.

  • regulator
    SEBI

    Indian market regulator referenced for the confidential draft red herring prospectus filing.

  • product
    Myra (AI assistant)

    MakeMyTrip’s AI assistant used for trip planning and post-booking queries, with reported engagement and booking conversion metrics.

Read at source← All news

StoryMakeMyTrip returns to profit as bookings grow despite revenue miss

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