MakeMyTrip Q4 profit slips 17% to $24.3 Mn as core travel verticals stall
MakeMyTrip's Q4 FY26 net profit fell 16.8% YoY to $24.3 Mn even as revenue inched up 1.9% to $250.1 Mn. Air ticketing dropped 4.7% to $58.7 Mn and hotels/packages slid 1.2% to $121.8 Mn, with growth carried by bus ticketing (+7.3%) and other revenue (+24.5%).
What happened
MakeMyTrip's Q4 FY26 profit fell 17% YoY to $24.3 Mn while revenue rose just 1.9% to $250.1 Mn. Air ticketing and hotels/packages revenue declined, offset by
Key facts
- profit $24.3 Mn down 16.8% YoY
- revenue $250.1 Mn up 1.9% YoY
- air ticketing $58.7 Mn down 4.7%
- hotels and packages $121.8 Mn down 1.2%
- bus ticketing $35.9 Mn up 7.3%
- other revenue $33.7 Mn up 24.5%
Why this matters
Softness in air and hotels alongside outsized growth in bus (+7.3%) and ancillaries (+24.5%) opens M&A or partnership angles in adjacent mobility, fintech, and experiences categories.
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