MakeMyTrip is expanding focus on domestic segment and short haul trips as ongoing West Asia conflict continues to impact overseas travel.
The company management outlined it’s growth plan after reporting a 29.8 per cent drop in adjusted net profit to $33.8 million in fourth quarter FY26 on a year on year basis.
Net profit in Q4 declined due to higher tax expense and impact of ongoing conflict in West Asia.
Adjusted net profit for same period last year stood at $48.1 million.
The company posted revenue of $250.1 million in Q4 FY26 supported by growth in bus ticketing and other business. While the actual rise in revenue was 1.9 per cent, growth measured constant currency terms was 6.7 per cent. Revenue in Q4 FY25 stood at $245.5 million.
Income tax expense for the quarter was $6 million compared to $1.7 million in Q4 FY25.
The management said while international business faced headwinds, domestic business remained strong in Q4. Corporate business segment also reported growth. The company was reported growth in adjusted margins on constant currency basis due to business resilience and cost management.
In a statement MakeMyTrip group CEO Rajesh Magow said the company surpassed our annual gross bookings milestone of $10 billion and strengthened its position as the travel platform of choice.
“Despite a challenging market environment, it is encouraging to see double-digit, year-on-year growth in adjusted margins in constant currency across all our major verticals,” he said.