MakeMyTrip Limited Q3 2026 Earnings Recap

In Q3 of fiscal 2026, the company demonstrated resilience with robust demand recovery in leisure travel, even amidst temporary regulatory disruptions, supported by strong performance in international travel and innovative AI-driven solutions.

Key Takeaways

• Air ticketing experienced a year-on-year domestic daily departures growth of 25% in October and November before a December decline due to new flight duty regulations.
• The accommodation segment recorded impressive 20.3% volume growth, driven by strong leisure demand and favorable tax changes, despite moderate gross booking value growth reflecting lower pricing.
• AI initiatives, including personalized trip planning through Myra and enhancements in customer service, have improved engagement and efficiency, particularly in tier two cities, contributing to a 50% increase in voice interactions in non-metro areas.
• The launch of tours and activities expanded the product portfolio, providing customers access to over 200,000 bookable activities across 130 countries, aiming to simplify the planning process for travelers.
• Strong year-end performance is further evidenced by record check-ins on December 25th, indicating a robust market response to the festive season and renewed travel demand.