MakeMyTrip Q1 FY27 profit drops 65% to $9.1M despite 20% gross-bookings growth
MakeMyTrip reported Q1 FY27 revenue of $285.6 million, up 6% year-on-year, while constant-currency gross bookings rose 19.9% to $2.85 billion. Higher service, marketing and finance costs weighed on earnings as domestic travel and hotels offset weaker international demand.
MakeMyTrip's Q1 FY27 profit fell 65% to $9.1 million despite 6% revenue growth and 19.9% constant-currency gross-bookings growth. Domestic travel and hotels offset weaker international demand, while higher service, marketing and finance costs pressured earnings.
Why this matters
The earnings decline follows MakeMyTrip's recent signal of 16.1% Q1 revenue growth driven by hotels, buses and Myra 2.0, while the company also filed a confidential DRHP for an India IPO 15 years after its Nasdaq debut.
The retail-company theme is accelerating, up 229483% QoQ.
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