MakeMyTrip Limited reported a 21% year-on-year (YoY) increase in adjusted operating profit for the first quarter of financial year 2025–26 (Q1 FY26), reaching $47.3 million. Despite setbacks in domestic leisure travel due to geopolitical tensions and a passenger plane crash, the company grew its domestic air market share from 30.6% to 30.8%.
Chief Executive Officer (CEO) Rajesh Magow attributed the topline miss to “exceptional macro headwinds” in May and June, following a strong April, during the Q1 FY26 earnings call. However,…
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