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MakeMyTrip swings to profit in Q2, bus ticketing revenue jumps 16% despite macro headwinds
🇮🇳 India · Economy · 1 d ago
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26.10 12:33 UTC
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The company noted that its agentic platform Myra engaged in over 90,000 daily conversations across multiple Indian languages and English, of which more than 55% originated from Tier II and Tier III cities in the second quarter of FY27.
A statement from MakeMyTrip noted that the annual growth in adjusted margin in the air ticketing business was 14.3%, hotels and packages (20.2%), bus ticketing (29%)n and Others growing 29.8%.
We continue to invest with discipline to capture India’s long-term travel opportunity and deliver sustainable, profitable growth,” Magow said.
On the demand side, international long-haul outbound travel from India remained subdued, as elevated fuel prices led to higher airfares and the depreciation of the INR increased the overall cost of international trips for our customers in India.
Gross bookings in the hotels and packages segment increased nearly 10% year-on-year to $640.4 million.
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